Starboard Value Urges Autodesk to Increase Transparency, Improve Governance and Operations, and Rebuild Credibility with Investors

Issues Letter to Autodesk’s Board to Note Investors’ Dissatisfaction with the Company’s Inadequate Response to its Recently Disclosed Governance and Disclosure Issues

Highlights the Overwhelmingly Positive Reaction to Starboard’s Involvement, with the Investment Community Sharing Our View Regarding the Need to Improve Autodesk’s Operational Performance, Governance, and Oversight

Looks Forward to Continued Engagement with Fellow Shareholders and Remains Open to a Constructive Dialogue with the Board Regarding the Significant Value Creation Opportunity at Autodesk

NEW YORK--(BUSINESS WIRE)-- Starboard Value LP, a significant shareholder of Autodesk, Inc. (Nasdaq: ADSK) (“Autodesk” or the “Company”), today issued a letter to the Company’s Board of Directors (the “Board”) urging Autodesk to heed mounting calls for enhanced governance, transparency, and operational execution.

The letter can be accessed at https://www.starboardvalue.com/presentations.

About Starboard Value LP

Starboard Value LP is an investment adviser with a focused and differentiated fundamental approach to investing in publicly traded companies. Starboard invests in deeply undervalued companies and actively engages with management teams and boards of directors to identify and execute on opportunities to unlock value for the benefit of all shareholders.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240625858144/en/

Investor Contacts:



Peter Feld, (212) 201-4878

Gavin Molinelli, (212) 201-4828

www.starboardvalue.com



Media Contacts:



Longacre Square Partners

Greg Marose / Charlotte Kiaie, (646) 386-0091

starboard@longacresquare.com

Source: Starboard Value LP