Along with Levie, the stockholder vote keeps former VeriSign CFO Dana Evan and McAfee CEO Peter Leav on the board of directors. Earlier this year, activist investors at hedge fund Starboard Value LP put forward its own slate of director nominees to Box’s 10-person board, arguing that Box hasn’t aggressively capitalized on the enterprise trends driven by the COVID-19 pandemic. For an activist investment firm like Starboard, the end game is to see Box acquired. Box, for its part, aims to position the company as the cloud layer for content management via integrations with systems of record in the enterprise. “Box appreciates the support and perspectives we have received from our stockholders throughout this process,” the company said in a statement. “The Board and management team will remain focused on continuing to transform Box and executing Box’s strategy to grow profitably and deliver significant value to all Box stockholders.” Levie tweeted Thursday morning, “Incredibly fired up for the next phase of growth at Box.”
