LivePerson, Inc. (NASDAQ: LPSN) entered into a cooperation agreement with Vector Capital Management, L.P., which holds approximately 12% of the company's outstanding common stock. As part of an ongoing board refreshment process, LivePerson plans to nominate Dan Fletcher, Chief Financial Officer of Planful and an Operating Principal at Vector, for election to its Board of Directors.
Following the 2024 Annual Meeting, the Board will appoint an additional director in cooperation with Vector, aiming to further complement the existing Board with relevant experience. This initiative is designed to support the company's business and value creation goals.
Jill Layfield, Chair of the Board, stated that the Board and management are focused on enhancing the Board with new directors who bring skills, expertise, and industry experience to support the company's strategy and long-term shareholder value. Alex Slusky of Vector Capital expressed confidence in the company's corporate governance and management, highlighting the collaborative relationship.
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