Jana Partners plans to sue Zendesk over annual meeting date

Momentive Global

08/06/2022 22:12

June 8 (Reuters) - New York-based activist investment firm Jana Partners
said on Wednesday it intends to sue software company Zendesk Inc  ZEN.N  after
it failed to set a date for its 2022 annual meeting.
    The hedge fund said the "failure" was "inexcusable" and the company's board
had "inflicted significant damage" on its shareholders.
    Jana Partners had in April pushed Zendesk to set a date for the annual
meeting.  urn:newsml:reuters.com:*:nL2N2W523M
    Zendesk did not immediately respond to a request for comment.
    Since 2017, Zendesk's annual meeting has been held between May 16 and May
29, regulatory filings showed.
    Jana Partners earlier nominated four directors to the board.  urn:newsml:reuters.com:*:nL1N2UR2EC
    In February, Zendesk shareholders rejected the company's plans to buy
SurveyMonkey-parent Momentive Global  MNTV.O .  urn:newsml:reuters.com:*:nL1N2V0369

 (Reporting by Akash Sriram in Bengaluru; Editing by Maju Samuel)
 ((Akash.Sriram@thomsonreuters.com; https://twitter.com/hoodieonveshti;))