Autodesk has issued a formal statement in response to Starboard Value LP’s intent to nominate directors for election to the company’s Board. The company emphasized its commitment to acting in the best interest of shareholders, highlighting its recent financial performance, including a significant increase in non-GAAP operating margin to approximately 39 percent in FY 2025—achieving its target a year ahead of schedule. Autodesk also pointed to recent strategic initiatives, including restructuring efforts and a new go-to-market approach, aimed at enhancing efficiency, expanding margins, and delivering long-term value. The company reported total shareholder returns that have outperformed peers and affirmed its focus on innovation, sustainable growth, and operational improvement.
Autodesk also addressed Board composition, noting that it has added five new independent directors over the past six years, including recent appointments in December 2024. Two directors will not stand for reelection in 2025, reflecting the company’s commitment to Board renewal aligned with its strategic direction. Autodesk stated that it has engaged with Starboard over the past year and extended opportunities for collaboration, which Starboard declined. Should Starboard proceed with its nominations, Autodesk’s Corporate Governance Committee will evaluate the candidates through its standard review process. The company advised shareholders that no action is required at this time.
