Reuters: Technology News: Microsoft offers ValueAct president seat on board

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Microsoft offers ValueAct president seat on board Aug 30th 2013, 22:52 Tweet Share this Email Print The Microsoft logo is seen at their offices in Bucharest March 20, 2013. Credit: Reuters/Bogdan Cristel Fri Aug 30, 2013 4:48pm EDT (Reuters) - Microsoft Corp said it signed an agreement with ValueAct Capital Management LP that provides the activist shareholder's president Mason Morfit an option to join Microsoft's board after the technology company's annual shareholder meeting. The agreement also provides for regular meetings between Morfit and selected Microsoft directors and management to discuss a "range of significant business issues," Microsoft said. Reuters reported last month that members of Microsoft's board held talks with ValueAct over the activist shareholder's demands to secure a seat on the company's board. ValueAct owns about 0.8 percent of Microsoft's shares. (Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Sreejiraj Eluvangal) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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