Starboard Changes Position on Poison Pill Again, and Retains the Ability to Change Yet Another Time If Starboard's Hand-Picked Nominees Gain Control of Board Starboard Does Not Change Its Position on Rejecting Universal Proxy Card, Demonstrating Continuing Unwillingness to Allow for Shareholder Choice Without Unnecessary Complexities GCP Urges Shareholders to Vote "FOR" All GCP Director Nominees on the BLUE Proxy Card TODAY CAMBRIDGE, Mass., May 15, 2020 (GLOBE NEWSWIRE) -- GCP Applied Technologies Inc. ( GCP ) ("GCP" or the "Company"), a leading global provider of construction products technologies, today provided the following statement in response to a filing made by Starboard Value LP ("Starboard") on May 14, 2020: Starboard has once again reversed course, this time by changing its position regarding GCP's stockholder rights plan after initially declaring it was going to vote against the rights plan.