Brief: Legion Partners Sends Letter To Onespan Board Of Directors

Onespan

18/08/2020 14:10

Aug 18 (Reuters) - OneSpan Inc  OSPN.O :
    * LEGION PARTNERS SENDS LETTER TO ONESPAN INC. BOARD OF
DIRECTORS
    * LEGION PARTNERS - URGES ONESPAN TO INITIATE STRATEGIC
REVIEW,
PURSUE SALE OF HARDWARE AND ESIGNATURE SAAS BUSINESSES
    * LEGION PARTNERS - CALLS ON ONESPAN TO IMPROVE FINANCIAL
DISCLOSURES & PROVIDE GUIDANCE FORMAT IN-LINE WITH SOFTWARE
PEERS
    * LEGION PARTNERS - FORMER CEO/CHAIRMAN T. KENDALL HUNT
SHOULD
IMMEDIATELY RESIGN FROM ONESPAN’S BOARD, BE REPLACED WITH 1 OR
MORE INDEPENDENT DIRECTORS
    * LEGION PARTNERS - "MORE THAN WILLING" TO OFFER A
REPRESENTATIVE
FROM LEGION PARTNERS TO REPLACE HUNT ON ONESPAN’S BOARD
    * LEGION PARTNERS - BENEFICIALLY OWNS ABOUT 2.3 MILLION
SHARES OF
COMMON STOCK OF ONESPAN INC

Source text for Eikon:  ID:nBwQjzXJa 
Further company coverage:  OSPN.O 

 ((Reuters.Briefs@thomsonreuters.com;))