Sandell Asset Management Corporation, one of the largest shareholders of Bob Evans Farms, commented on the recent Q4 and FY earnings release from Bob Evans. "Yesterday’s earnings release, which was delayed due to previously announced ‘weaknesses in internal controls,’ in our opinion illustrates both the mismanagement that has been exhibited by Chairman and CEO Steven Davis at the helm of Bob Evans and the lengths that he and his Board of Directors will go in order to entrench themselves at the expense of shareholders.
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