Shareholder Activism 2016

The Emergence of the New Generation Investor

Program Co-Chairs

Marc Weingarten & Eleazer Klein
Partners
Schulte Roth & Zabel

David A. Katz
Partner
Wachtell, Lipton, Rosen & Katz

February 16, 2016

Hudson New York
356 W. 58TH STREET
New York, NY

Engage

with industry thought leaders on why and how ongoing shareholder engagement and activism play a vital role in affecting share value

Discover

how activist investors cultivate relationships with companies to positively influence sustained value creation

Apply

the latest campaign practices of activists, how they unfold, their outcomes, and how boards and executives work constructively toward improved stock performance

ABOUT THE PROGRAM

PROGRAM AGENDA

Time	Description
7:45–8:25 AM	Breakfast & Registration
8:25-8:30	Welcome Christopher P. Skroupa, Founder & Chief Executive Officer, Skytop Strategies
8:30-8:35	Opening Remarks Jared Landaw, Chief Operating Officer & General Counsel, Barington Capital Group, L.P.
8:35-9:00	The Evolution of Activism & Where it’s Headed Moderator: David Benoit, Activism Reporter, The Wall Street Journal Panelists: David Katz, Partner, Wachtell, Lipton, Rosen & Katz Marc Weingarten, Partner, Schulte Roth & Zabel
9:00-10:00	Peer Exchange: Activism Case Studies, Video Vignettes & Group Discussion Session Leaders: Barbara Berlin, ‎Director, Center for Board Governance, PwC Paul DeNicola, Managing Director, PwC
10:00-10:15	Refreshment Break
10:15-11:00	How Activist-Nominated Directors Impact the Future of a Company Moderator: Steven A. Seiden, President, Seiden Krieger Associates Panelists: Allan Z. Loren, former Chairman & Chief Executive Officer, Dun & Bradstreet J. Daniel Plants, Founder & Chief Investment Officer, Voce Capital Management LLC Randy Thurman, Executive Chairman, Presbia PLC
11:00-11:45	Is Activism Good for Sustained Shareholder Value? Moderator: Robert J. Jackson, Jr., Professor of Law; Co-Director, Ira M. Millstein Center, Columbia Law School Panelists: David Benoit, Activism Reporter, The Wall Street Journal John C. Coffee Jr., Adolf A. Berle Professor of Law, Columbia Law School Wei Jiang, Arthur F. Burns Professor of Free & Competitive Enterprise, Columbia Business School and Director, Jermome A. Chazen Institute for International Business
11:45-1:00 PM	How Can Companies Most Effectively Work Through an Activist Engagement? Moderator: David Katz, Partner, Wachtell, Lipton, Rosen & Katz Panelists: Joele Frank, Managing Partner, Joele Frank Wilkinson Brimmer Katcher Bruce H. Goldfarb, President & Chief Executive Officer, Okapi Partners LLC Matthew J. Maletta, Executive Vice President and Chief Legal Officer, Endo International plc Gianna McCarthy, Director of Corporate Governance, New York State Office of the Comptroller Elliot Sloane, Chief Executive Officer, Sloane & Company Jeroen van Kwawegen, Partner, Bernstein Litowitz Berger & Grossman LLP
1:00-2:15	Networking Luncheon & Panel Discussion The Quest for Shareholder Value: Where Activists are Shopping to Unlock Value Moderator: Robert Dunn, Senior Analyst, PCS Research Services Panelists: Linda Chen, ‎Vice President, Governance Strategy & Marketing, Equilar Philip Larrieu, Investment Officer, Corporate Governance, CalSTERS Jonathan Litt, Founder & Chief Investment Officer, Land and Buildings Brandon Rees, Deputy Director, Officer of Investment, AFL-CIO Scott Zdrazil, Director of Strategy and Corporate Engagement, Office of New York City Comptroller Scott M. Stringer, Bureau of Asset Management – Corporate Governance and Responsible Investment Unit
2:15-2:45	Reflections of an Activist Pioneer: A Q&A with James Mitarotonda Moderator: Damien Park, Managing Partner, Hedge Fund Solutions Presenter: James A. Mitarotonda, Chairman, President & Chief Executive Officer, Barington Capital Group, L.P.
2:45-3:30	The Company’s Perspective on Shareholder Activism Moderator: Kai Haakon E. Liekefett, Partner, Head of Shareholder Activism Response Team, Vinson & Elkins LLP Panelists: Steven Balet, Managing Director, FTI Consulting Steven J. Pully, Independent Company Director Jim Rossman, Managing Director, Head of Corporate Preparedness, Lazard Darla Stuckey, President & Chief Executive Officer, Society of Corporate Secretaries & Governance Professionals
3:30-3:45	Refreshment Break
3:45–4:30	Think Like an Activist: The Critical Importance of Preparedness Moderator: David Rosewater, Managing Director, Morgan Stanley Panelists: Jared Landaw, Chief Operating Officer & General Counsel, Barington Capital Group, L.P. Sam Lieberman, Partner, Sadis & Goldberg LLC Damien Park, Managing Partner, Hedge Fund Solutions
4:30-5:30	The Anatomy of an Activist Campaign: Models & Best Practices Moderator: Daniel H. Burch, Chief Executive Officer, Mackenzie Partners, Inc. Panelists: Timothy Brog, Managing Director, Locksmith Capital Management LLC Joseph A. De Perio, Senior Portfolio Manager, Clinton Group, Inc. Richard Mansouri, Managing Director, Sandell Asset Management Ken Traub, Managing Partner, Raging Capital Management, LLC Beth Young, Consultant, Corporate Governance Research & Consulting LLC
5:30-6:00	The Big Debate: Pros & Cons of Activism Presenters: David Katz, Partner, Wachtell, Lipton, Rosen & Katz Eleazer Klein, Partner, Schulte Roth & Zabel
6:00-6:05	Closing Remarks Jared Landaw, Chief Operating Officer & General Counsel, Barington Capital Group, L.P.
6:05	Program Adjourns Christopher P. Skroupa, Founder & Chief Executive Officer, Skytop Strategies
6:05-7:00	Networking Reception

SESSION LEADERS

Steven Balet
Managing Director
FTI Consulting
New York, NY
David Benoit
Activism Reporter
The Wall Street Journal
New York, NY
Barbara Berlin
‎Director, Center for Board Governance
PwC
New York, NY
Timothy Brog
Managing Director
Locksmith Capital Management LLC
Stamford, CT
Daniel H. Burch
Chief Executive Officer
Mackenzie Partners, Inc.
New York, NY
Linda Chen
‎Vice President, Governance Strategy & Marketing
Equilar
San Francisco, CA
John C. Coffee Jr.
Adolf A. Berle Professor of Law
Columbia Law School
New York, NY
Paul DeNicola
Managing Director
PwC
New York, NY
Joseph A. De Perio
Senior Portfolio Manager
Clinton Group, Inc.
New York, NY
Robert Dunn
Senior Analyst
PCS Research Services
New York, NY
Joele Frank
Managing Partner
Joele Frank Wilkinson Brimmer Katcher
New York, NY
Bruce H. Goldfarb
President & Chief Executive Officer
Okapi Partners LLC
New York, NY
Robert J. Jackson, Jr.
Professor of Law; Co-Director,
Ira M. Millstein Center, Columbia Law School
New York, NY
Wei Jiang
Arthur F. Burns Professor of Free & Competitive Enterprise
Columbia Business School
Director
Jermome A. Chazen Institute for International Business
New York, NY
David Katz
Partner
Wachtell, Lipton, Rosen & Katz
New York, NY
Eleazer Klein
Partner
Schulte Roth & Zabel
New York, NY
Philip Larrieu
Investment Officer, Corporate Governance
CalSTERS
West Sacramento, CA
Sam Lieberman
Partner
Sadis & Goldberg LLC
New York, NY
Kai Haakon Liekefett
Partner, Head of Shareholder Activism Response Team
Vinson & Elkins LLP
New York, NY
Jonathan Litt
Founder & Chief Investment Officer
Land and Buildings
Stamford, CT

Allan Z. Loren
Former Chairman & Chief Executive Officer
Dun & Bradstreet
New York, NY
Matthew J. Maletta
Executive Vice President & Chief Legal Officer
Endo International plc
Malvern, PA
Richard Mansouri
Managing Director
Sandell Asset Management
New York, NY
Gianna McCarthy
Director of Corporate Governance
New York State Office of the Comptroller
Albany, NY
James A. Mitarotonda
Chairman, President & Chief Exectutive Officer
Barington Capital Group, L.P.
New York, NY
Damien Park
Managing Partner
Hedge Fund Solutions
Philadelphia, PA
J. Daniel Plants
Founder & Chief Investment Officer
Voce Capital Management LLC
San Francisco, CA
Steven J. Pully
Independent Company Director
Dallas, TX
Brandon Rees
Deputy Director, Officer of Investment
AFL-CIO
Washington D.C.
David Rosewater
Managing Director
Morgan Stanley
New York, NY
Jim Rossman
Managing Director, Head of Corporate Preparedness
Lazard
Brooklyn, NY
Steven A. Seiden
President
Seiden Krieger Associates
New York, NY
Elliot Sloane
Chief Executive Officer
Sloane & Company
New York, NY
Darla Stuckey
President & Chief Executive Officer
Society of Corporate Secretaries & Governance Professionals
New York, NY
Randy Thurman
Executive Chairman
Presbia PLC
Malvern, PA
Ken Traub
Managing Partner
Raging Capital Management, LLC
New York, NY
Jeroen van Kwawegen
Partner
Bernstein Litowitz Berger & Grossman LLP
New York, NY
Marc Weingarten
Partner
Schulte Roth & Zabel
New York, NY
Beth Young
Consultant
Corporate Governance Research & Consulting LLC
Brooklyn, NY
Scott Zdrazil
Director of Strategy and Corporate Engagement
Office of New York City Comptroller Scott M. Stringer
Bureau of Asset Management –
Corporate Governance & Responsible Investment Unit
New York, NY

DELEGATES

Nick Albanese
Director, Event-Driven Equities
PCS Research / Horizon-Kinetics Research
New York, NY
John Argenti
President & Director of Research
Gordon Haskett Research Advisors
New York, NY
Vishal Arora
Research Analyst
Elliott Management Corporation
New York, NY
Sharo Atmeh
Associate
CamberView Partners
New York, NY
Scott Augustus
Director
BDO USA, LLP
New York City
Michael Baetz
Director, Event-Driven Equities
PCS Research / Horizon-Kinetics Research
New York, NY
Steven Balet
Managing Director
FTI Consulting
New York, NY
Thomas Ball
Senior Managing Director
MORROW & CO., LLC
Stamford, CT
Jay Beahan
Principal
Malibu Coast Partners
Los Angeles, CA
David Benoit
Activism Reporter
The Wall Street Journal
New York, NY
Joseph Berardino
Managing Director
Alvarez & Marsal
Greenwich, CT
Barbara Berlin
‎Director, Center for Board Governance
PwC
New York, NY
David Bogoslaw
Editor
Corporate Secretary Magazine
New York, NY
Timothy Brog
Managing Director
Locksmith Capital Management LLC
Stamford, CT
Daniel H. Burch
Chief Executive Officer
Mackenzie Partners, Inc.
New York, NY
Francis H. Byrd
Founder & Chief Executive Officer
Byrd Governance Advisory
New York, NY
Tiffany Campion
Senior Attorney – Takeover Defense and Shareholder Activism
Latham & Watkins
Chicago, IL
Tom Cane
Managing Editor
The Mergermarket Group
New York, NY
Linda Chen
‎Vice President, Governance Strategy & Marketing
Equilar
San Francisco, CA
John C. Coffee Jr.
Adolf A. Berle Professor of Law
Columbia Law School
New York, NY
Caitlin Cornell
Associate
Schulte Roth & Zabel
New York, NY
Mike Coronato
Senior Content Manager
FactSet SharkRepellent
New York, NY
William C. Crowley
Co-founder
Àshe Capital Management, LP
New York, NY
Jonathan Danziger
Chief Compliance Officer
Glenview Capital Management
New York, NY
Francois Dauphin
Director of Research
Institute for Governance of Public and Private Organizations (IGOPP)
Montreal, Canada
Ari Davies
Director, Global Markets Intelligence
Ipreo, LLC
New York, NY
Paul DeNicola
Managing Director
PwC
New York, NY
Larry Dennedy
President
MacKenzie Partners, Inc.
New York, NY
Joseph A. De Perio
Senior Portfolio Manager
Clinton Group, Inc.
New York, NY
Sean Donahue
Associate
Morgan, Lewis & Bockius LLP
Washington DC
Robert Dunn
Senior Analyst
PCS Research Services
New York, NY
Seth Duppstadt
Senior Vice President
Proxy Insight
New York, NY
Lawrence Elbaum
Counsel
Vinson & Elkins
New York, NY
Jason Frankl
Senior Managing Director
FTI Consulting
Washington DC
Joele Frank
Managing Partner
Joele Frank Wilkinson Brimmer Katcher
New York, NY
Dan Friedberg
Managing Partner
Sagard Capital
Greenwich, CT
Joe Germani
Senior Associate
Sloane & Company
New York, NY
Tom Germinario
Senior Vice President
D.F. King & Co., Inc.
New York, NY
Trevor Gibbons
Senior Vice President
Edelman
New York, NY
Brandon Gold
Associate
Schulte Roth & Zabel LLP
New York, NY
Bruce H. Goldfarb
President and Chief Executive Officer
Okapi Partners LLC
New York, NY
Danny Goldstein
Law Clerk / Associate
Schulte Roth & Zabel
New York
Phillip Goldstein
Principal
Bulldog Investors
Saddle Brook, NJ
Keith E. Gottfried
Partner and Shareholder Activism Practice Leader
Morgan, Lewis & Bockius LLP
Washington DC
Mary Phil Guinan
Assistant Treasurer for Policy
Office of CT State Treasurer Denise L. Nappier
Hartford, CT
Peter Halesworth
Managing Partner
Heng Ren Investments LP
Boston, MA
KC Hamann
Research Analyst
North Star LP
Westport, CT
Syed Haq
Associate
Vinson & Elkins L.L.P.
New York, NY
Andrew Hill, CFA, CAIA
Manager Research Consultant
Towers Watson Investment Services, Inc.
New York, NY
Joshua Hochberg
Managing Director
Sloane & Company
New York, NY
Justin Hunter
Attorney
Vinson & Elkins L.L.P.
Houston, TX
Taylor Ingraham
Director
ASC Advisors LLC
Stamford, CT
Robert J. Jackson, Jr.
Professor of Law; Co-Director,
Ira M. Millstein Center, Columbia Law School
New York, NY
Jeremy Jacobs
Managing Director
Abernathy MacGregor
New York, NY
Wei Jiang
Arthur F. Burns Professor of Free & Competitive Enterprise
Columbia Business School
Director
Jermome A. Chazen Institute for International Business
New York, NY
Andy Jones
Founder
North Star LP
Westport CT
David Katz
Partner
Wachtell, Lipton, Rosen & Katz
New York, NY
Eleazer Klein
Partner
Schulte Roth & Zabel
New York, NY
Rosemary Kelly
Vice President-Institutional Investor Relations
Broadridge Financial Solutions, Inc.
Albertson, NY
Arman Kuyumjian
Partner
Haynes and Boone, LLP
New York, NY
Jared L. Landaw
Chief Operating Officer
Barington Capital Group, L.P.
New York, NY
Philip Larrieu
Investment Officer, Corporate Governance
CalSTERS
West Sacramento, CA
Sam Lieberman
Partner
Sadis & Goldberg LLC
New York, NY

Matt LePere
Associate Director
The Robert Zicklin Center for Corporate Integrity at Baruch College
New York, NY
Kai Haakon Liekefett
Partner, Head of Shareholder Activism Response Team
Vinson & Elkins LLP
New York, NY
Jonathan Litt
Founder & Chief Investment Officer
Land and Buildings
Stamford, CT
Tobie Lochner
Managing Director
Peregrine Capital
South Africa
Wanda Lopuch
Chair of the Board
Global Sourcing Council
New York, NY
Allan Z. Loren
Former Chairman & Chief Executive Officer
Dun & Bradstreet
New York, NY
Barbara J. Lundberg
Managing Director
Alvarez & Marsal
New York, NY
Matthew J. Maletta
Executive Vice President & Chief Legal Officer
Endo International plc
Malvern, PA
James MacLachlan
Senior Investment Consultant
Equity Manager Research
Willis Towers Watson
New York, NY
Richard Mansouri
Managing Director
Sandell Asset Management
New York, NY
Bob Marese
Managing Director
MacKenzie Partners, Inc.
New York, NY
Shaun Mathew
Attorney
Vinson & Elkins L.L.P.
Austin, TX
Gianna McCarthy
Director of Corporate Governance
New York State Office of the Comptroller
Albany, NY
Ted McHugh
Vice President, Financial Communications & Special Situations
Edelman
New York, NY
Gilles Mentre
Managing Director M&A
Lazard Freres
Paris, France
Joe Miller
Business Development
Merrill Corporation
New York, NY
James A. Mitarotonda
Chairman, President & Chief Exectutive Officer
Barington Capital Group, L.P.
New York, NY
Lauren Muller
Director, Corporate Governance Solutions
Equilar Inc.
Redwood City, CA
Sabastian V. Niles
Partner — Activism, Governance, and M&A
Wachtell, Lipton, Rosen & Katz
New York, NY
Darren Novak
Director
Houlihan Lokey
New York, NY
Ronald Orol
Senior Editor
The Deal
Washington, D.C.
Christopher Orrico
Associate
Bernstein Litowitz Berger & Grossmann LLP
New York, NY
Lori Owen
Director IR
Xilinx
San Francisco, CA
Leo Palmen
General Counsel
APG Asset Management US Inc.
New York, NY
Sumit Pande
Managing Director, Technology Investment Banking
Morgan Stanley
New York, NY
Damien Park
Managing Partner
Hedge Fund Solutions
Philadelphia, PA
Shaival Patel
Director, Event-Driven Equities
PCS Research / Horizon-Kinetics Research
New York, NY
J. Daniel Plants
Founder & Chief Investment Officer
Voce Capital Management LLC
San Francisco, CA
Leslie Picker
Reporter
New York Times
New York, NY
Steven J. Pully
Independent Company Director
Dallas, TX
Brandon Rees
Deputy Director, Officer of Investment
AFL-CIO
Washington D.C.
Adam Riches
Senior Account Executive
Activist Insight
London, England
Lowell Robinson
Board Member
EVINELive and HigherOne
New York, NY
David Rosewater
Managing Director
Morgan Stanley
New York, NY
Jim Rossman
Managing Director, Head of Corporate Preparedness
Lazard
Brooklyn, NY
Kevin Roy
Director, Global Markets Intelligence
Ipreo
New York, NY
Gene Rubin
Senior Vice President
Rivel Research Group
Westport, CT
Paul Schulman
Managing Director
MacKenzie Partners, Inc.
New York, NY
Steven A. Seiden
President
Seiden Krieger Associates
New York, NY
Seth Slivka
SVP Corporate Development, Advisor to the Executive Chairman of the Board
Vishay Intertechnology
New York, NY
Elliot Sloane
Chief Executive Officer
Sloane & Company
New York, NY
Neil Stewart
Editorial Director
IR Magazine
New York, NY
Darla Stuckey
President & Chief Executive Officer
Society of Corporate Secretaries & Governance Professionals
New York, NY
Hitoshi Sugibuchi
Representative Director
Sessa Partners
Tokyo, Japan
Lex Suvanto
Managing Director, Financial Communications
Edelman
New York, NY
Michael Swidler
Attorney
Vinson & Elkins L.L.P.
New York, NY
Devin Thomas
Vice President, Technology M&A
Morgan Stanley
New York
Randy Thurman
Executive Chairman
Presbia PLC
Malvern, PA
Takashi Toyokawa
Senior Editor
The Mergermarket Group
New York, NY
Ken Traub
Managing Partner
Raging Capital Management, LLC
New York, NY
Jeffrey Tullman
Partner
Kane Kessler, p.c.
New York, NY
Jeroen van Kwawegen
Partner
Bernstein Litowitz Berger & Grossman LLP
New York, NY
David Villeneuve
Managing Partner
Invicem Capital
Paris, France
Victoria Vodolazschi, CFA
Senior Investment Consultant
Hedge Fund Manager Research
Willis Towers Watson
New York, NY
Marc Weingarten
Partner
Schulte Roth & Zabel
New York, NY
David Whissel
Chief Executive Officer
Proxy Mosaic
New York, NY
Maureen T. Wolff
President & Partner
Sharon Merrill
Boston, MA
Leonard Wood
Attorney
Vinson & Elkins L.L.P.
Houston, TX
Beth Young
Consultant
Corporate Governance Research & Consulting LLC
Brooklyn, NY
Dan Zacchei
Managing Director
Sloane & Company
New York, NY
Scott Zdrazil
Director of Strategy and Corporate Engagement
Office of New York City Comptroller Scott M. Stringer
Bureau of Asset Management –
Corporate Governance & Responsible Investment Unit
New York, NY
Stephen Zelkowicz
Analyst
Wynnefield Capital, Inc.
New York, NY