Callouts & quotes from 37,061+ activist slides

"Case 22-90341 Document 378-1 Filed in TXSB on 01/30/23 Page 121 of 219"

"Case 22-90341 Document 378-1 Filed in TXSB on 01/30/23 Page 120 of 219"

""We are excited about capital" — Agba Group CEO Wing Fai Ng on 5/24/24"

"potential to improve workflow with a pliable catheter — Unnamed Expert"

"This response does not address the core question and is a non-answer."

"Initial 2024 Adj. EPS guidance missed expectations by over $1.00/shr!"

"On average, free cash¹ has historically averaged ~14% of our fund AUM"

"As of June 30, 2023, Sunrun reports Subscribers 20.9% higher than EIA"

"Issuing 20% of revenue in equity while growing 10% is not sustainable"

"Box has a history of underachieving relative to investor expectations"

"There are serious issues with the repeated use of negative discretion"

"“Cadillac” ESPPs are not in the best interests of common stockholders"

"Procept and Its Hospital Customers Are Stuffed With Excess Handpieces"

"Procept and Its Hospital Customers Are Stuffed With Excess Handpieces"

"Crown Castle has underperformed nearly all time periods for 10+ years"

"Paychex is a direct comparable to ADP in SMB (low- to mid-20s% of ES)"

"Across the portfolio, International margins should be mid-20s% to 30%"

"Commit to a transformation plan and path to achieving ADP’s potential"

"We kindly ask you, as a fiduciary of your own clients, to vote "FOR"."

"Every 1-turn change in EBITDA multiple is ~30% upside to equity value"

"ANALYSTS SEE TRAPPED VALUE, BUT MANAGEMENT HAS REFUSED TO TAKE ACTION"

"IonQ’s top holders are the some of the usual purveyors of SPAC trash."

"Outside IonQ, people laugh at the kinds of things Peter Chapman says."

"Hess is our largest initial equity investment in our 36-year history."

"Hess Claimed Its Reaction Was a Plan That Had Been in Place for Years"

"Dauman Got Double His Wish With Both Hosts Decamping Viacom Last Year"

"The Transaction gives Allergan shareholders ~43% ownership of Val-gan"

"We believe Fluor is now positioned to focus on healthy backlog growth"

"ACAS' net return to shareholders has been poor compared to other BDCs"

"To be clear, these are referred to as resources, not proved reserves."

"WORST PERFORMANCE OF ANY S&P 500 CEO ON THE JOB FOR MORE THAN 5 YEARS"

"Strategy is not “all of the above”, it is inherently about trade-offs"

"Achieving these goals will require Arconic to bring in new leadership"

"Post settlement, GGO will have 100% ownership of Summerlin (from 50%)"

"We have clear objectives and steps to accomplish a turnaround of DND:"

"Premier Health Constitutes Yet Another Suspected Inflated Transaction"

"本改定後TOBが成立することがあれば、日本におけるコーポレートガバナンス、少数株主の権利、および公正なM&Aにとって大きな後退となります。"

"Gross margin has transitioned from mostly positive to mostly negative"

"Gross margin has transitioned from mostly positive to mostly negative"

"Total Backlog To Revenue Declined Led By A Large Drop in the Americas"

"Honestly, not that much. There wasn't a whole lot of differentiation."

"Mellon merger synergies are unobservable based on post-merger results"

"The mobile security app market is much harder than NQ makes it appear"

"So why does the Company spend less and less on R&D every single year?"

"These represent potential significant problems for AGO in the future."

"C3's share price declined by 60% hitting $10.16 on December 28, 2022."

"OR at time of acquisition was ~70%; should have been margin accretive"

"If you can't deliver on your commitments, we'll find someone who can."

"The joke at Saputo was we're going to fill you 100%, 50% of the time."

"“THE UGLY ELF” / STRONG SELL OPINION / E.L.F. Beauty Inc. | NYSE: ELF"

"In reality, most divestiture proceeds were recycled into acquisitions"

"Cumulative free cash flow was ~11% BELOW the 2018 Investor Day target"

"Cumulative free cash flow was ~11% BELOW the 2018 Investor Day target"

"Huntsman has a track record of failing to deliver on its commitments."

"Huntsman has a track record of failing to deliver on its commitments."

"Huntsman has a track record of failing to deliver on its commitments."

"Huntsman has a track record of failing to deliver on its commitments."

"We believe the Company’s R&D process can be streamlined and improved."

"TWX, on several occasions, has missed the opportunity to acquire MGM."

"Accrued customer incentives were just disclosed and they doubled YoY."