Starboard Value LP Reaches Agreement with Healthcare Realty Trust Incorporated for Board Changes

Olshan client Starboard Value LP reached an agreement with Healthcare Realty Trust Incorporated (NYSE: HR) pursuant to which three new independent directors with deep industry and leadership experience were appointed to the HR Board - David Henry, Glenn Rufrano and Don Wood. Mr. Henry and Mr. Rufrano were also appointed to the Board committee overseeing the previously announced CEO search, with Mr. Rufrano serving as Chair of the committee.  Olshan Co-Managing Partner and Chair of the firm’s Shareholder Activism Practice Andrew Freedman, Shareholder Activism partner Meagan Reda, and associates Mark Kiley and Joseph Del Vicario represented Starboard Value LP in this matter.