Starboard Plans Autodesk Fight, Says Leaders Not Credible (1)

Starboard Value LP, which has urged a shake-up at Autodesk Inc. for nearly a year, is preparing a proxy fight at the software company, citing “financial and operational underperformance,” a “severe lack of management credibility” and concerns about the company’s full-year guidance.

The activist investor intends to nominate a “minority” slate of directors to the board for election at the company’s 2025 annual meeting, it said Wednesday in a letter to shareholders. Starboard didn’t name the potential candidates or say how many it expects to nominate. The deadline for nominating directors is March 20, according to people familiar with ...