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  "documentTitle": "Engine Capital Houghton Mifflin Harcourt Presentation March 2022",
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  "notes": "Includes a logo grid of companies where Engine Capital negotiated board representation.",
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      "text": "Engine has a history of working constructively with public companies, having settled with or negotiated board representation at 20 public companies leading to the addition of 29 highly qualified board members",
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      "text": "Founded in 2013, Engine Capital is a $500 million investment partnership that invests in mid-capitalization companies in the U.S. and Canada, with a focus on fundamental, bottom-up analysis to find undervalued securities",
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      "text": "Houghton Mifflin Harcourt (Nasdaq: HMHC) became a core position for Engine in September 2020 after having followed the Company for years. Engine has conducted dozens of calls with management and industry participants as part of our due diligence process. Engine owns approximately 2.7% of the company’s outstanding shares, representing a stake of around $72 million",
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      "text": "Since its founding, Engine has had numerous portfolio companies receive acquisition offers but has NEVER opposed a transaction. Opposing the Veritas transaction is not something we are doing lightly. We feel compelled to do so, in this particular case, because of the egregiousness of this transaction",
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      "text": "About Engine Capital",
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