Engaged Capital’s AUM, Holdings and Performance

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5. Medifast Inc (NYSE:MED)

Last, but not least, Engaged Capital held 789,549 shares of Medifast Inc (NYSE:MED) valued at $32.74 million at the end of June. After having initiated a stake in 2014, Medifast Inc (NYSE:MED) and Engaged reached an agreement to reshuffle the company’s board by nominating five directors in April 2015. Engaged nominated three, including Mr. Welling, and both parties jointly selected two other independent directors to join the nine-person board. Medifast Inc (NYSE:MED) has surged by over 86% since Engaged and Medifast Inc (NYSE:MED) agreed to reconstitute the board. At the end of June, 11 funds tracked by Insider Monkey held shares of Medifast, down by two over the quarter.

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