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  "documentTitle": "Rovi Corporation (ROVI)",
  "authorId": "09_Engaged_Capital",
  "authorName": "Engaged Capital",
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  "presentationDate": "2015-04-22 00:00:00",
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      "text": "ROVI hires a search firm",
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      "text": "By its own account, ROVI did not hire a search firm until December 2014, AFTER the Company's original November 14, 2014 nominating deadline",
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      "text": "Mar. 2014: EC initially raises subject of adding directors to the Board with relevant expertise with ROVI CEO -> Aug. 2014: EC reiterates need for new directors and offers to work with ROVI to find qualified candidates -> Aug. – Sep. 2014: EC introduces several candidates to CEO -> Oct. 2014: EC expresses frustration with ROVI's lack of progress in light of the upcoming nominating deadline -> Nov. 2014: ROVI extends nominating deadline after request from EC given lack of progress -> Dec. 2014: Due to almost no contact and zero progress, EC quietly nominates its candidates (ROVI hires a search firm) -> Jan. 2015: ROVI search firm contacts EC to discuss criteria used in search process. Only two EC nominees are included in search process. -> Feb. 16, 2015: ROVI requests to interview only one EC nominee. EC declines unless ALL nominees are interviewed and a framework for settlement is discussed -> Mar. 9, 2015: After nearly one month without any contact, EC requests update on process. ROVI informs EC that it intends to exclude EC from the rest of its process -> Mar. 12, 2015: EC publicly releases its nominations",
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      "text": "By its own account, ROVI did not hire a search firm until December 2014, AFTER the Company's original November 14, 2014 nominating deadline. EC worked hard to find a mutually agreeable resolution in the best interests of shareholders and had privately pushed for Board change long before it released any public communications in March 2015",
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      "text": "Source: ROVI SEC filings including proxy statement, Engaged Capital proxy filing",
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