Insights

Preventing Shareholder Activist Action

Client: Large Engineering, Procurement, and Construction Company

The Challenge:

Learn how Boxley Group assisted a client facing SG&A criticism from investors and activist shareholder threats.

SUCCESSFUL OUTCOME

  • Non-cash amortization was transparently presented separately from cash SG&A cost
  • Activist shareholder did not take action
  • While other factors were also at play, stock price increased by more than 50% after SG&A cost reclassification
Case Study 3

HOW WE DID IT

  • Perform analysis of non-labor SG&A cost
  • Performed a peer comparison of financial statement presentations
  • Led discussion with external auditors explaining why the new presentation method was preferable

BOXLEY GROUP COMPETENCIES

Finance and Accounting Advisory

Process Optimization

Information Management

Project Management