Autodesk (ADSK) is facing a potential proxy fight as activist investor Starboard Value seeks to nominate a minority slate of directors ahead of the company's annual meeting, the Wall Street Journal reported Wednesday, citing people familiar with the matter.
Starboard, which owns more than $500 million in Autodesk, is concerned about Autodesk's full-year guidance, general operational performance, and how it is handling an accounting probe into free cash flow and operating margins, the Journal reported, quoting sources.
Autodesk and Starboard did not immediately respond to requests for comment from MT Newswires.
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