Peter Feld

Mellanox Announces Agreement with Starboard

Mellanox Announces Agreement with Starboard

Jack Lazar, Jon Olson and Greg Waters will replace Dov Baharav, Shai Cohen and Tom Riordan on the Board of Directors of Mellanox as part of the agreement between Mellanox and Starboard. The agreement also calls for operating performance thresholds for FY2018 and FY2019 that will determine whether Starboard will have the right to appoint a direct representative to the Board.

Proxy fight at Mellanox heats up as Starboard Value continues to attack management

The New York Times reported that Starboard Value, which started the proxy fight, just sent a letter to Mellanox attacking its policy of stock grants to executives.