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  "documentTitle": "Autodesk, Inc. (ADSK)",
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  "authorName": "Jeffrey Smith",
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      "text": "As such, we believe Board change is necessary at Autodesk, and we intend to nominate a minority slate of experienced director candidates for election at the 2025 Annual Meeting.",
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      "text": "This improved financial profile can be achieved through a proper and rigorous budgeting process, which requires improved governance and oversight mechanisms to ensure accountability for delivering results.",
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      "text": "As such, we believe Board change is necessary at Autodesk, and we intend to nominate a minority slate of experienced director candidates for election at the 2025 Annual Meeting.",
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      "text": "Given Autodesk's poor historical performance and the Board's precedential unwillingness to hold management accountable, we do not have confidence that maintaining the status quo will result in a different outcome, and we believe other shareholders share our concerns.",
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      "text": "Sincerely, Jeffrey Smith, Managing Member, Starboard Value LP",
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      "text": "We remain open to engaging with Autodesk to reach a constructive solution. We look forward to continuing our discussions with our fellow shareholders in the coming weeks and months.",
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      "text": "As outlined above, the cornerstone of the financial improvement opportunity at Autodesk is discipline and accountability. We believe management needs to balance revenue growth with appropriate incremental margins to drive substantially higher profitability.",
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