Tripadvisor Welcomes Starboard's Nomination of Director Candidates
Tripadvisor issued the following statement regarding the announcement by Starboard Value that it intends to nominate a slate of director candidates for election to the Tripadvisor Board of Directors at its 2026 Annual Meeting of Stockholders. The company said, "Tripadvisor's Board and management team regularly engage with investors and welcome constructive input that furthers the common goal of enhancing value for all shareholders. To this end, members of Tripadvisor's Board and management team have held numerous discussions with Starboard to listen to their views. Management and the Board are focused on pursuing all avenues to drive value for shareholders. In November 2025, the Company realigned its operating model around its leadership position in Experiences and committed to the simplification of its legacy business, including by announcing a significant cost reduction program. The Company has also been transparent about its willingness to drive value through the review of its portfolio including in its third quarter 2025 and fourth quarter 2025 earnings. On February 12, 2026, the Company announced a process to explore monetization of TheFork. Tripadvisor's Board and management team are committed to acting in the best interests of the Company and all its shareholders. Tripadvisor will continue to take actions it believes will drive sustainable value as it executes its strategic priorities and further positions the Company for long-term growth."
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- Board Discussions: Members of CO's board and management team have engaged in multiple discussions with the Starboard to gather their insights.
- Listening to Views: The primary focus of these discussions has been to listen to the views of the Starboard.
- World's Best Beach: Isla Pasion in Mexico is crowned the best beach globally for 2026, celebrated for its unique private island experience and crystal-clear waters, attracting numerous snorkeling and marine life enthusiasts, thereby enhancing the region's tourism appeal.
- Top U.S. Beach: La Jolla Cove in California claims the title of the best beach in the U.S., recognized for its rich marine biodiversity and year-round accessibility, making it an ideal spot for visitors to observe sea lions and migrating gray whales, significantly boosting local tourism.
- Unique Beach Category: Tripadvisor introduces a new 'One of a Kind' beach category, with South Africa's Boulders Beach highlighted for its endangered African penguins, showcasing a shift in tourism towards ecological preservation and unique experiences.
- Selection Methodology: The 2026 Best Beaches awards are based on traveler reviews from November 2024 to December 2025, reflecting genuine feedback on beach quality and experiences, further solidifying Tripadvisor's authority as a travel guidance platform.
- Director Nomination Update: Tripadvisor announced that Starboard Value intends to nominate director candidates at the 2026 Annual Meeting, reflecting investor concerns over corporate governance that could impact future decisions and shareholder value.
- Management Engagement: Tripadvisor's Board and management team are actively engaging with Starboard to listen to their views and enhance shareholder value, indicating the company's openness to external suggestions.
- Strategic Restructuring: In November 2025, Tripadvisor realigned its operating model to focus on its leadership in Experiences and initiated a significant cost reduction program to simplify its legacy business, aiming to improve overall operational efficiency.
- Asset Monetization Exploration: On February 12, 2026, Tripadvisor announced a process to explore the monetization of TheFork, demonstrating the company's proactive measures in optimizing its portfolio and enhancing shareholder returns.

- Postpandemic Travel Stocks: Many travel stocks have thrived in the postpandemic period, indicating a strong recovery in the industry.
- Activist Interest: Companies that have not performed well are attracting attention from activists, highlighting disparities in the market.
- Board Nomination Update: Tripadvisor announced that Starboard Value intends to nominate director candidates at the 2026 Annual Meeting, highlighting shareholder concerns regarding corporate governance that may influence future decision-making.
- Management-Shareholder Engagement: The Tripadvisor Board and management have engaged in numerous discussions with Starboard to listen to their views and enhance shareholder value, demonstrating the company's commitment to shareholder feedback.
- Strategic Restructuring Plan: In November 2025, Tripadvisor realigned its operating model to focus on its leadership position in Experiences and announced a significant cost reduction program aimed at simplifying its legacy business to improve overall operational efficiency.
- Asset Monetization Exploration: On February 12, 2026, Tripadvisor announced a process to explore the monetization of TheFork, indicating proactive measures in optimizing its portfolio and enhancing shareholder value.

- Market Overview: Stock futures experienced a decline on Tuesday.
- Investor Behavior: Investors are continuing to sell off tech stocks.
- Trend Continuation: The selloff in tech stocks is part of a recent trend.
- Market Sentiment: Overall investor sentiment appears to be negative.






