Key Summary: On October 20, 2024, Vector Capital entered a Cooperation Agreement with the company. On August 20, 2024, Robert P. LoCascio nominated two director candidates to the Board to address stock declines and operational issues. In 2022, Starboard (9.7%) nominated new directors, criticized the company's performance, and sought support for its candidates. Following an agreement to appoint one director each from Starboard and the company, Starboard withdrew its 2023 nominations.Market Cap: $109 million | LivePerson, Inc., together with its subsidiaries, provides conversational commerce solutions..
Vector Capital
On October 20, 2024, Vector Capital (12.24%) entered into a Cooperation Agreement with the company and pursuant to it, the company will nominate Dan Fletcher as a Class III director at the 2024 Annual Meeting, and following the meeting, the Board will appoint one candidate from a mutually agreed pool of two as an Independent Director per Nasdaq standards.
Robert P. LoCascio
On August 20, 2024, Robert P. LoCascio (2.4%), Founder and former CEO of the company filed a preliminary proxy statement nominating Walter Bachtiger and Michal Czwarno for election to the Board of Directors. LoCascio aims to revitalize the company's strategic direction amidst recent challenges, including significant stock value decline and operational setbacks. Source
Starboard
On February 25, 2022, Starboard (8.5%) issued a letter to the company nominating a slate of director candidates, including Peter A. Feld, John R. McCormack, Vanessa Pegueros and Yael Zheng , for election to the Board at the 2022 AGM. Source
On April 7, 2022, Starboard (9.7%) delivered a letter to the Board highlighting its concerns with the company's stock price underperformance, deteriorating financial performance, missed expectations, execution issues and poor corporate governance practices. Further, it stated that it remains open to working constructively with the company to reach a mutually agreeable resolution.
On May 2, 2022, Starboard (9.7%) filed proxy materials seeking support for its nominees.
On May 9, 2022, Starboard (9.7%) delivered a letter to the shareholders reiterating its concerns with the performance of the company and seeks support for its nominees at the upcoming AGM.
On May 31, 2022, Starboard (94%) delivered a letter to the shareholders reiterating its concerns and seeks support for its nominees at the upcoming AGM.
On July 20, 2022, Starboard entered into an agreement with the company and pursuant to it, the company agreed to appoint one director candidate to be identified by Starboard and one director candidate to be identified by the company.
On May 5, 2023, Starboard delivered a letter to the shareholders nominating a slate of director candidates for election to the board at the 2023 AGM. It expressed its serious concerns about the company's deteriorating financial and stock price performance and the severe lack of competent leadership under CEO Robert LoCascio. Source
On July 24, 2023, Starboard withdrew its previously submitted notice of intent to nominate three persons for election to the board at the 2023 AGM. Source
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