Starboard wants the meeting so stockholders can vote on a nonbinding resolution urging
Starboard detailed its proposal in filings Monday with the
Starboard will send solicitation statements and request cards to stockholders. Under
"This issue is far too important for the future value of Darden to be rushed through without shareholder support," Starboard said in an open letter to fellow investors Monday.
Just days after Darden said in December it would spin off or sell
Starboard also is asking Darden to separate all its big brands, including
Starboard wants a special meeting because it is likely the
Darden said in an emailed statement Monday it is "confident" in the plan it has chosen.
"We look forward to talking further with Darden shareholders about our plans for addressing changing industry dynamics, leveraging the Company's position as the premier casual dining restaurant company, enhancing guest experiences and reinvigorating performance," the company's statement said.
Starboard last week hired former Olive Garden president
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