loanDepot (LDI) founder Anthony Hsieh asserts himself with an extended cooperation agreement — Hsieh becomes Executive Chair, Frank Martell gone as CEO, and Board restructuring.
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Activism & Governance
Starboard Ends Proxy Fight at Kenvue Following Cooperation Agreement
Starboard and Kenvue end their proxy fight with an agreement to add three new directors, including Starboard’s Jeffrey C Smith.
Mill Road Capital Pushes for Change at Landsea Homes – Nominates Three Directors
Mill Road Capital nominates three directors to the board of Landsea Homes (LSEA) as proxy fight kicks off. All three directors are tied to Mill Road and prior activism.
Starbucks Appoints New CFO as Niccol Puts His Stamp on Management
New CEO Brian Niccol is putting his stamp on top management as Starbucks announces Cathy R. Smith joins as CFO from Nordrstrom.
Elliott Management Takes Aim at Phillips 66 Board with Director Nominations and Governance Proposal
Elliott files its preliminary proxy for its contest with Phillips 66 (NYSE: PSX) and nominates seven directors and pushes to declassify the board.
Activists Take Aim at Portillo’s and Quanterix in New Proxy Battles
Engaged Capital and Kent Lake launch activist proxy fights at Portillo’s and Quanterix, pushing for board changes to unlock shareholder value.
Daktronics (DAKT) and Alta Fox Resolve Reincorporation Dispute
Daktronics (DAKT) adds Bucks President Peter Feigin to the board as Alta Fox agrees to support reincorporation.
Kroger CEO Rodney McMullen Out after Board Investigation
Kroger CEO McMullen out after board investigation. Will the impact cascade into VF Corp? How Will Sargent balance interim CEO & other boards?
Boardroom Alpha Weekly – February 28, 2025
Garden Investments off to a fast start. Starboard is busy. Shareholders losing out at Johnson Outdoors. A slate of new CFOs come into high pressure situations.
Activism Update – June 28
Braemer Hotels (BHR) postpones shareholder meeting to October. MASI (v Politan) and Arex (v EHAB) release investor presentations. LL (v F9) liquidity concerns take center stage.
SPAC & IPO Analysis
Daily SPAC Update – February 19, 2026
SPAC issuance surges as Averin (ACAA), Abony (AACO), and Paloma (PALO) raise $600M. Plus: Cartica (CITE) liquidates and Iris (IRAB) units separate.
Daily SPAC Update – February 18, 2026
Armada Acquisition III IPOs for $225 Million. Horizon Acquisition II SL Bio Deal and Extension Approved. Andretti Acquisition II Deal with StoreDot Terminated.
Daily SPAC Update – February 17, 2026
Relativity Acquisition Extension Approved. Churchill Capital X DeSPAC Trades as Infleqtion (INFQ) Today.
Daily SPAC Update – February 13, 2026
RF Acquisition III and Willow Lane II IPO. Goal Acquisitions and Inception Growth SPAC Extensions Approved. Haymaker 4 and Inflection Point IV Set Deal Votes for March. Aura Fat Projects LOI.
Daily SPAC Update – February 12, 2026
XFLH Capital, Proem Acquistion, and HCM IV IPO to Make it 15 for February. Inception Growth Extension Approved. Churchill Capital + Infleqtion and Horizon Space II + SL Bio Deal Votes.
Daily SPAC Update – February 11, 2026
Spring Valley IV $200 Million SPAC IPO Makes it 8 for February. Piermont Valley Acquisition Sets Extension Vote.
Daily SPAC Update – February 10, 2026
Spring Valley IV $200 Million SPAC IPO Makes it 8 for February. Piermont Valley Acquisition Sets Extension Vote.
Daily SPAC Update – February 9, 2026
Inception Growth Extension Vote Today. Launchpad Cadenza and Churchill Capital Separate Trading Starts.
Daily SPAC Update – February 6, 2026
Spacsphere and Cambridge SPAC Bring February to 7 SPAC IPOs. Dune Acquisition II Gets a New Sponsor. Clean Energy Special Situations Extension Approved. PUCK Vote Today.
Daily SPAC Update – February 5, 2026
5 Days, 5 SPAC IPOs for February as Hennessey Capital VIII and Cantor Equity Partners VI Launch. DT Coud Star Deal with Regenertive Medicine Company PrimeGen US.