Office Depot files SEC presentation supporting board nominees

Boca Raton, Fla. – Office Depot has filed a presentation with the Securities and Exchange Commission (SEC), which the retailer says demonstrates the importance of shareholders electing its board’s nominees at the company’s annual meeting on Aug. 21. In the presentation, Office Depot claimed that the election of the board’s nominees will ensure their continued oversight of the company’s progress on its multi-year strategic plan to improve operations at Office Depot and achieve the substantial synergies and value creation opportunities of the OfficeMax and Office Depot de Mexico transactions.

The presentation also refutes claims by shareholder Starboard Ventures LLP that its alternate plan for the impending OfficeMax merger and slate of shareholder nominees will provide better value and profitability for investors.

 

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