Starboard Value's Schedule 13D Filing for Rogers Corp

Starboard Value LP and its affiliated entities have filed a Schedule 13D with the SEC, disclosing their ownership of 9.3% of Rogers Corporation's Capital Stock. The filing includes details of the shares owned by various Starboard entities, such as Starboard Value & Opportunity Master Fund Ltd, Starboard Value & Opportunity S LLC, and Starboard X Master Fund Ltd. The shares were acquired through open market purchases, with the total investment amounting to approximately $152 million. The filing also outlines the purpose of the transactions, indicating that the Reporting Persons believe the shares were undervalued and represented an attractive investment opportunity. The Reporting Persons may engage in discussions with the company's management and board regarding value creation opportunities. The filing includes a Joint Filing Agreement and a Power of Attorney for Jeffrey C. Smith and Peter A. Feld.