SUNNYVALE, Calif.--(BUSINESS WIRE)--
Yahoo today noted Starboard Value LP's announcement of its intention to
nominate nine director candidates for election to Yahoo's Board of
Directors at the company's 2016 Annual Meeting of Shareholders.
The Board's Nominating and Governance Committee will review Starboard's
proposed director nominees and respond in due course.
Additional Information and Where to Find It
Yahoo! Inc. (the "Company"), its directors and certain executive
officers are participants in the solicitation of proxies from
stockholders in connection with the Company's 2016 Annual Meeting of
Stockholders (the "Annual Meeting"). The Company plans to file a proxy
statement (the "2016 Proxy Statement") with the Securities and Exchange
Commission (the "SEC") in connection with the solicitation of proxies
for the Annual Meeting.
Eric K. Brandt, Catherine J. Friedman, David Filo, Susan M. James,
Marissa A. Mayer, Thomas J. McInerney, H. Lee Scott, Jr., Jane E. Shaw,
Ph.D. and Maynard G. Webb, Jr., all of whom are members of the Company's
Board of Directors, and Ken Goldman, Chief Financial Officer, are
participants in the Company's solicitation. Other than Mr. Filo, none of
such participants owns in excess of 1% of the Company's common stock.
Mr. Filo may be deemed to own approximately 7.5% of the Company's common
stock. Additional information regarding such participants, including
their direct or indirect interests, by security holdings or otherwise,
will be included in the 2016 Proxy Statement and other relevant
documents to be filed with the SEC in connection with the Annual
Meeting. Information relating to the foregoing can also be found in the
Company's definitive proxy statement for its 2015 Annual Meeting of
Stockholders (the "2015 Proxy Statement"), which was filed with the SEC
on April 29, 2015. To the extent that holdings of the Company's
securities have changed since the amounts printed in the 2015 Proxy
Statement, such changes have been or will be reflected on Statements of
Change in Ownership on Form 4 filed with the SEC.
Promptly after filing its definitive 2016 Proxy Statement with the SEC,
the Company will mail the definitive 2016 Proxy Statement and a WHITE
proxy card to each stockholder entitled to vote at the Annual Meeting.
STOCKHOLDERS ARE URGED TO READ THE 2016 PROXY STATEMENT (INCLUDING ANY
AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS THAT
THE COMPANY WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE
THEY WILL CONTAIN IMPORTANT INFORMATION. Stockholders may obtain, free
of charge, the Company's preliminary proxy statement, any amendments or
supplements thereto and any other relevant documents filed by the
Company with the SEC in connection with the Annual Meeting at the SEC's
website (http://www.sec.gov).
Copies of the Company's definitive proxy statement, any amendments or
supplements thereto and any other relevant documents filed by the
Company with the SEC in connection with the Annual Meeting will also be
available, free of charge, at the Company's website (http://info.yahoo.com)
or by writing to Investor Relations, Yahoo! Inc., 701 First Avenue,
Sunnyvale, CA 94089. In addition, copies of these materials may be
requested, free of charge, from the Company's proxy solicitor, Innisfree
M&A Incorporated, 501 Madison Avenue, 20th Floor, New York, NY 10022 or
(212) 750-5833.
About Yahoo
Yahoo is a guide focused on informing, connecting, and entertaining our
users. By creating highly personalized experiences for our users, we
keep people connected to what matters most to them, across devices and
around the world. In turn, we create value for advertisers by connecting
them with the audiences that build their businesses. Yahoo is
headquartered in Sunnyvale, California, and has offices located
throughout the Americas, Asia Pacific (APAC) and the Europe, Middle East
and Africa (EMEA) regions. For more information, visit the pressroom (pressroom.yahoo.net)
or the Company's blog (yahoo.tumblr.com).
View source version on businesswire.com: http://www.businesswire.com/news/home/20160324005690/en/
Yahoo
Media Relations Contact:
Sarah Meron,
408-349-4040
media@yahoo-inc.com
Or
Investor
Relations Contact:
Joon Huh, 408-349-3382
investorrelations@yahoo-inc.com
Source: Yahoo
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