On January 23, 2023, Blucora, Inc. disclosed that on January 20, 2023, Engine Capital LP provided notice of nomination of a candidate for election to the Company's board of directors at the 2023 annual meeting of stockholders. The Company stated that Engine Capital's candidate was previously proposed by Engine Capital privately. The Company added that its Board has engaged extensively with Engine Capital's candidate and determined that the candidate's skills and experience are not additive to those of the Board.

The Company stated that it has successfully unlocked significant value for stockholders through sale of TaxAct and is now a Pure-Play Wealth Management Company. The Company also stated that it confirms previously announced plans to return significant capital to stockholders and rebrand. The Company added that stockholders do not need to take any action at this time.