Rovi Urges Stockholders To Vote For Its Director Nominees - Quick Facts

(RTTNews) - Rovi Corp. (ROVI) announced that it has sent a letter to all Rovi stockholders in connection with its 2015 Annual Meeting of Stockholders, which will be held on May 13, 2015. The letter urged stockholders to vote for Rovi's seven director nominees in order for Rovi to continue executing its strategic plan, which has received broad support from the Company's stockholders.

The letter also highlighted the series of strategic initiatives initiated by Rovi's Board of Directors over the past three years, including reconstituting the management team, completing a full strategic review of the business and refocusing Rovi's mission to create lasting stockholder value - a stark contrast to Engaged Capital's backward-looking criticisms and lack of any alternative plan for the future.

The company also outlined in detail its continued willingness to work constructively with Engaged Capital, including having offered Engaged Capital the opportunity to actively participate in Rovi's previously-announced Board augmentation process as well as Rovi's good-faith efforts to reach a settlement, only to be repeatedly rebuffed or refused by Engaged Capital.