Starboard Value Issues Letter to Autodesk Shareholders Regarding Opportunities for Improved Corporate Governance and Enhanced Value Creation

Believes Autodesk Failed to Disclose Material Accounting and Disclosure Issues Before the Deadline for Nominating Directors, Thereby Depriving Shareholders of Information Needed to Make an Informed Decision

Intends To File Lawsuit in the Delaware Court of Chancery Seeking to Delay 2024 Annual Meeting and Reopen Nomination Window

Believes Autodesk Has an Opportunity to Create Significant Shareholder Value by Improving Its Combination of Growth and Profitability

NEW YORK--(BUSINESS WIRE)--Starboard Value LP, a significant shareholder of Autodesk, Inc. (Nasdaq: ADSK) (“Autodesk” or the “Company”), today issued a letter to its fellow shareholders pertaining to its belief that Autodesk and its Board of Directors (the “Board”) manipulated the corporate machinery and perpetuated an entrenchment scheme by failing to disclose material malfeasance regarding the Company’s accounting and disclosure practices prior to the deadline to nominate director candidates for election at the 2024 Annual Meeting of Shareholders. Starboard intends to file a lawsuit against the Company and its Board in the Delaware Court of Chancery seeking a delay of the 2024 Annual Meeting and a reopening of the nomination window. The letter also outlines Starboard’s view that Autodesk has underperformed from an operational and financial standpoint. Starboard believes Autodesk can create significant shareholder value by improving its combination of growth and profitability. The letter can be accessed at https://www.starboardvalue.com/presentations.

About Starboard Value LP

Starboard Value LP is an investment adviser with a focused and differentiated fundamental approach to investing in publicly traded companies. Starboard invests in deeply undervalued companies and actively engages with management teams and boards of directors to identify and execute on opportunities to unlock value for the benefit of all shareholders.