Engaged Capital

Engaged Capital Sees Value in MagnaChip Shares

The Reporting Persons purchased the Shares based on the Reporting Persons’ belief that the Shares, when purchased, were undervalued and represented an attractive investment opportunity. Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of Shares at prices that would make the purchase or sale of Shares desirable,…

Engaged Capital Sends Another Letter to Oplink

November 6, 2014     Fellow Oplink Shareholders:   Today marks the one-year anniversary of the last annual meeting of shareholders of Oplink Communications, Inc. (“Oplink” or the “Company”).  As of this writing, we are unaware of any steps taken by our Board of Directors (the “Board”) to call or prepare for the 2014 annual shareholder…

Engaged Cap Issues Letter to Oplink BoD

Oplink Shareholders for Change (“OSC”), a group led by Engaged Capital, LLC and Voce Capital Management LLC, who together with the other participants in their solicitation collectively own approximately 6.9% of the outstanding shares of Oplink Communications Inc. announced today that it has filed preliminary proxy materials with Securities and Exchange Commission seeking the election…

Engaged Capital has Ideas for Jamba

(Market Cap $214M; Engaged owns 7% at an average cost of $11.38 per share) The Reporting Persons acquired the Shares because, in their opinion, such Shares are undervalued and represent an attractive investment opportunity.   The Reporting Persons believe the Issuer possesses multiple paths to value creation, including: (i) right-sizing the Issuer’s G&A cost structure, (ii)…

Engaged Cap Files on Cash-Rich Oplink

The Reporting Persons acquired the Shares because, in their opinion, such Shares are undervalued and represent an attractive investment opportunity.  The Reporting Persons have had discussions with the Issuer’s management  regarding: (a) strategic alternatives for the Issuer’s Oplink Connected business, including a separation or a sale, (b) halting the earnings dilution from the Oplink Connected business (the…

Engaged Capital Files 13D on Medifast

(Market Cap $400M; Engaged Capital owns 5.7%) Purpose of Transaction. The Reporting Persons purchased the Shares based on the Reporting Persons’ belief that the Shares, when purchased, were undervalued and represented an attractive investment opportunity. Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of Shares at prices…

Engaged Capital Hires Specialists to Advise on Abercrombie

Engaged Capital, an investment firm specializing in small and mid-cap North American equities and stockholder of Abercrombie & Fitch Co. has retained a leading independent global professional services firm to assist Engaged Capital in setting a new direction for Abercrombie. The firm has decades of experience in the retail and apparel sector, including the turnaround…

Engaged Capital Nominates 5 for Abercrombie BoD

(Market Cap $2.6B) Engaged Capital (“Engaged”), an investment firm specializing in small and mid-cap North American equities and stockholder of Abercrombie & Fitch Co. (“Abercrombie”, “ANF” or the “Company”) (ANF:NYSE), announced today that it has nominated: Alexander P. Brick, former Chief Executive Officer of Specialty Retail Group Robert D. Huth, former Chief Executive Officer of…

Engaged Capital Makes a Case for Volcano Corp

(Market Cap $1.1 B; Engaged Capital owns 5.1%) The Reporting Persons acquired the Shares because, in their opinion, such Shares are undervalued and represent an attractive investment opportunity. The Reporting Persons believe that, at current prices, the Issuer’s shares ascribe minimal value to (a) the potential for sustained revenue growth from the Issuer’s fractional flow…

Engaged Capital Delivers Letter to AeroVironment BoD

(Market Cap  $515 million) On September 11, 2013, Engaged Capital delivered a letter to the board of directors of the Issuer (the “Board”).  In the letter, Engaged Capital notes the Board’s behavior since receiving its director nomination notice in June reflects a disregard for independent shareholders and obliviousness to the responsibilities of public company directors. …

Engaged Capital Sees Unrecognized Value in AeroVironment

(Market Cap $459 million) The Reporting Persons acquired the Shares because, in their opinion, such Shares are undervalued and represent an attractive investment opportunity.  The Reporting Persons believe the Issuer’s share price does not adequately reflect:     1. The potential for significant earnings and cash flow growth from the Issuer’s core Unmanned Aircraft Systems (“UAS”)…

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