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  "authorName": "Jeffrey C. Smith",
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  "notes": "This is a page from a proxy contest filing by Starboard Value against Box, Inc. It focuses on the 'entrenchment' narrative.",
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      "text": "It is telling that the Investment Agreement also generally prohibits the KKR Investors from transferring their shares to any “Activist Shareholder” (as defined in the Investment Agreement and which includes, by that definition, Starboard), further demonstrating that the Investment Agreement is nothing more than an entrenchment mechanism.",
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