Autodesk Responds to Starboard Value Criticism Amid Proxy Battle

Autodesk issued a statement defending its performance and governance amid a public campaign by activist investor Starboard Value. The company highlighted strong financial results, including a 16% increase in revenue since FY 2019, free cash flow of $1.6 billion in FY 2025, and expectations to reach over $2 billion in FY 2026. Autodesk also reported a significant share repurchase plan and ongoing board refreshment.

The company criticized Starboard for what it called a "self-serving campaign," including legal actions deemed frivolous by the Delaware Court and inconsistent engagement with Autodesk. Starboard has nominated its own slate of board members, which Autodesk pledged to review while reaffirming its focus on long-term shareholder value.