On January 15, 2015, JDS Uniphase Corporation issued a press release in response to Sandell Asset Management Corp's statement. In the press release, the Company stated that its Board of Directors remain committed to acting in the best interest of all shareholders and to strong corporate governance. In addition, the Company stated that consistent with the Board's historical approach of regularly reviewing corporate governance best practices, and after discussions with many of the Company's shareholders both before and after the December 2014 annual meeting, the Company undertook an evaluation of potential changes to the advance notice provisions of the Company's bylaws.

Further, the Company stated that its Board of Directors is expecting to finalize its decision on changes to the advance notice provisions of the Company in this calandar quarter following additional shareholder outreach.