Callouts & quotes from 7+ activist slides

"The BEF spin-off, it goes without saying, exhibits none of the characteristics that the IRS finds so objectionable. It is, as far as we can tell, a "textbook" spin-off which should have no trouble at all satisfying each of the requirements imposed by the statute and the regulations for tax-free treatment. Thus, in our view, while tax issues are always a consideration in deciding whether to proceed with a transaction, it is inconceivable to us that executing the spin-off that Sandell is advocating could, under any theory, "result in hefty (or for that matter, any) taxes." — The Willens Report, March 11, 2016"

""it's supposed to go to the OPO to reallocate the liver...but as soon as TransMedics finds out, they have quite the list of backups, they are already calling other surgeons and being like, could you potentially use this liver?...a lot of these conversations [are] happening...I'm not exactly sure what is said...I just know that these phone calls are being made and then it's...coming back into the OR and being like, this particular surgeon could use this liver. Why don't you call them?" — Former TransMedics OCS specialist"

"The Commission's Order finds that, on November 5, 2001, the company's Chief Executive Officer disclosed material, nonpublic information to the attendees of an invitation-only technology conference in California. At the conference, the company's CEO made positive comments about the company's business that were based on material, nonpublic information and that contrasted with negative statements that he had made about the company's business in a public conference call three weeks earlier. — SEC v. Siebel Systems, Inc"

"Congrats @adp on reaching an amazing milestone of 10m users on #mobile platform - huge for #hrtech industry! - jasonaverbook. ADP Demonstrates Why Service is Core Differentiator at #ADPMOTM - Gary Bragar. MyPOV - When you have the data and #Bigdata skills - you can do amazing things. Today @ADP Pay Equity Explorer - Holger Mueller. Our research finds 41% of orgs use 3 or more systems for Intl Payroll - looks like @adp can handle it all #ADPHCM - Mark Smith."

""Avgi finds it important to stress that the development workers have no cause for concern. "In deals like this the workers are sometimes a little anxious. I wish to make it very clear: one of the reasons for the deal is the technology, and so the development workers in Israel and Bulgaria should be confident that we shall continue to grow and develop new products."" — SafeCharge CEO (Source: "Safecharge was my baby", Globes Israel, May 23, 2019)"

""As the SEC's order finds, by making misleading statements about order management practices, VMware deprived investors of important information about its financial performance," said Mark Cave, Associate Director in the Division of Enforcement. "Such conduct is incompatible with an issuer's disclosure obligations under the federal securities laws." — SEC Press Release"

"Home Sellers Win $1.8 Billion After Jury Finds Conspiracy Among Realtors — Headline, WSJ article"