October 24, 2014 7:19 AM ET

Capital Markets

Company Overview of Engaged Capital, LLC

Company Overview

Engaged Capital, LLC is an employee owned hedge fund sponsor. The firm provides its services to pooled investment vehicles. It manages separate client-focused equity portfolios. It invests in the public equity markets of the globe. The firm invests value stocks of companies with small to mid market capitalizations across diversified sectors. It employs fundamental analysis to create its portfolio. The firm obtains external research to complement its in-house research. Engaged Capital, LLC was founded in February 2012, and is based in Newport Beach, California.

610 Newport Center Drive

Suite 250

Newport Beach, CA 92660

United States

Founded in 2012





Key Executives for Engaged Capital, LLC

Chief Investment Officer and Principal
Chief Financial Officer
Director of Research and Member
Director of Risk Management and Trading
Chief Client Officer and Member
Compensation as of Fiscal Year 2014.

Engaged Capital, LLC Key Developments

Engaged Capital Calls On Volcano To Evaluate Strategic Alternatives

Engaged Capital, LLC sent an open letter to Board of Directors of Volcano Corporation (NasdaqGS:VOLC) to immediately appoint shareholder representatives, evaluate strategic alternatives and begin search for Chief Executive Officer. “Shareholders have suffered through a prolonged period of material underperformance due to management’s overly optimistic business plans and its inability to identify and react to changing market conditions. It is time for new leadership. We urge the Board to immediately commence a parallel process to evaluate strategic alternatives and conduct a search for Chief Executive Office candidates with a history of driving profitability and extracting value from medical device assets,” said Glenn W. Welling, Principal and Chief Investment Officer of Engaged Capital. He added: “We have offered on three separate occasions, both orally and in writing, highly-qualified candidates to serve as board members, only to have these private entreaties summarily rejected. Instead of seeking to work constructively with one of VOLC’s largest shareholders, the Board has irrationally positioned the Company for a costly and unnecessary proxy fight. If the Board fails to uphold its fiduciary responsibilities, shareholders will have no choice but to vote to replace Chairman Ron Matricaria, Chief Executive Officer Scott Huennekens and Lesley Howe as directors of the Company at the 2015 annual meeting.”

Engaged Capital Mulls Strategic Alternatives For Oplink

Engaged Capital, LLC said it has had discussions with the management of Oplink Communications, Inc. (NASDAQ:OPLK) (‘Oplink’) regarding strategic alternatives for Oplink, halting the earnings dilution from the Oplink Connected business, improving Engaged Capital's capital allocation discipline and enhancing Engaged Capital's corporate governance. Shares of Oplink are up 3% to $17.34.

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