Brief: Starboard Delivers Open Letter To Liveperson Stockholders

LivePerson

05/05/2023 13:04

May 5 (Reuters) - LivePerson Inc  LPSN.O :
    * STARBOARD DELIVERS OPEN LETTER TO LIVEPERSON STOCKHOLDERS
    * STARBOARD - BELIEVES LIVEPERSON NEEDS NEW LEADERSHIP TO
OVERSEE
A TURNAROUND OF BUSINESS
    * STARBOARD VALUE - NOMINATES SLATE OF DIRECTOR CANDIDATES
FOR
ELECTION AT LIVEPERSON'S 2023 ANNUAL MEETING
    * STARBOARD - COMMITED TO INITIATE MANAGEMENT TRANSITION AND
SEARCH PROCESS TO IDENTIFY BEST POSSIBLE CEO TO LEAD LIVEPERSON
    * STARBOARD - REMAIN OPEN TO WORKING WITH LIVEPERSON BOARD
TO
RESOLVE MATTER IN A MANNER THAT WOULD RESULT IN COMMITMENT TO
CONDUCT ROBUST SALE PROCESS
    * STARBOARD-OPEN TO ENGAGING  TO ENSURE ADDITIONAL
INDEPENDENT
DIRECTORS ARE PLACED ON LIVEPERSON'S BOARD IN ORDER TO OVERSEE 
LEADERSHIP TRANSITION TO NEW CEO

Source text for Eikon:  ID:nPn4Npvhta 
Further company coverage:  LPSN.O