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  "documentTitle": "Box, Inc. (BOX)",
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  "notes": "Includes a direct excerpt from the legal agreement (Section 5.11) to substantiate the claim.",
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      "text": "We believe the Preferred Financing was done to “buy the vote” and entrench the Board",
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      "text": "The Preferred Financing included a voting obligation that would require all owners of the preferred equity investment to vote in accordance with the Board's recommendations until September 2024.\nIt appears obvious that the Board's true intention with respect to the Preferred Financing was to “buy the vote” ahead of a potential election contest with Starboard.",
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      "text": "As a part of the Preferred Financing, the Company included a voting obligation for the preferred equity investors.",
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      "text": "It appears obvious that the Board’s true intention with respect to the Preferred Financing was to “buy the vote” ahead of a potential election contest with Starboard. — Starboard Value",
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      "text": "Source: Company filings.",
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      "text": "Section 5.11 Voting. Upon the expiration or termination of the applicable waiting period (if any) under the HSR Act and until September 30, 2024, subject to any applicable Law, stock exchange rules or listing standards: (a) At each meeting of the stockholders of the Company (including, if applicable, through the execution of one or more written consents if stockholders of the Company are requested to vote through the execution of an action by written consent in lieu of any such annual or special meeting of stockholders of the Company) and at every postponement or adjournment thereof, each Investor Party shall take such action as may be required so that all of the shares of Series A Preferred Stock and Common Stock beneficially owned, directly or indirectly, by such Investor Party or its controlled Affiliates and entitled to vote at such meeting of stockholders are voted, or consent is given or revoked, in the same manner as recommended by the Board with respect to the election or removal of directors and any Company or stockholder proposal other than (i) any proposal that would, relative to any holder of Common Stock, disproportionately",
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      "text": "Preferred Financing Voting Provision",
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