On February 27, 2019, GCP Applied Technologies Inc. issued an open letter to its shareholders regarding the actions it is taking to enhance shareholder value. Further, the Company reported that Starboard has also provided notice that it intends to nominate 5 director candidates to stand for election at its 2019 annual meeting of shareholders. The Company added that it informed Starboard Value that its Nominating and Governance Committee will evaluate its nominees, along with its existing directors and other candidates identified by its independent search firm and other shareholders, as part of its Board's continuing refreshment process.