JAT Capital Management Proposed Operational Enhancements for Overstock.com (OSTK)

Key Summary: On October 12, 2023, JAT Capital Management (9.1%) sent a letter to the Board recommending a comprehensive business plan, improved IR/PR messaging, revised compensation structures, elevating Marcus Lemonis to Executive Chairman, and a strategic review of non-core assets like the Medici portfolio. On November 2, 2023, JAT Capital urged immed…