Tripadvisor, Inc. issued a press release on February 17, 2026, responding to Starboard Value LP's announcement to nominate director candidates for the 2026 Annual Meeting of Stockholders. The Company highlighted ongoing engagement with Starboard, its strategic realignments including Experiences focus, cost reductions, and a process to explore monetization of TheFork.
Key takeaways
Starboard Value LP intends to nominate a slate of director candidates at Tripadvisor's 2026 Annual Meeting of Stockholders.
Tripadvisor's Board and management have held numerous discussions with Starboard.
In November 2025, Company realigned operating model around Experiences leadership and announced significant cost reduction program.
Company transparent about portfolio review in Q3 2025 and Q4 2025 earnings.
On February 12, 2026, announced process to explore monetization of TheFork.
Press release furnished as Exhibit 99.1 under Item 7.01, not deemed 'filed'.