On January 13, 2014, JANA Partners LLC announced that it has had and will continue to have discussions with the QEP Resources' board and management regarding ways to maximize shareholder value, including the manner of separating QEPFS from QEP and the use of any resulting proceeds, board and management composition, capital allocation policy, incentive compensation structure, strategy, and future plans. Further, JANA Partners stated that it may also take further steps including engaging in further discussions with shareholders and other interested parties regarding such matters and proposing or nominating director candidates to the Company's board of directors, as well as pursue other plans or proposals.