Press release
Cognyte Releases Investor Presentation Highlighting Business Momentum in Advance of Annual Meeting
Details Decisive Actions Taken by Board and Management to Drive Improved Results and Deliver Long-Term Shareholder Value Explains Why the Election of Value
About this update from Cognyte Software Ltd.
[{"type":"text","content":"\nDetails Decisive Actions Taken by Board and Management to Drive Improved Results and Deliver Long-Term Shareholder Value\n\n\nExplains Why the Election of Value Base Fund’s Proposed Director Candidate Tal Yaacobi Would Weaken the Cognyte Board\n\n\nEncourages Shareholders to Vote “FOR” Cognyte’s Independent Chairman Earl Shanks, “FOR” Chief Executive Officer Elad Sharon, “AGAINST” Tal Yaacobi, and “FOR” the Proposal to Approve the Amendments to Cognyte’s CEO Compensation Plan\n\n\n HERZLIYA, Israel--(BUSINESS WIRE)--\nCognyte Software Ltd. (NASDAQ: CGNT) (the “Company” or “Cognyte”), a global leader in investigative analytics software, today released a presentation to shareholders explaining why shareholders should vote to elect two of Cognyte’s key leaders – Chairman Earl Shanks and CEO Elad Sharon – to the Board of Directors (the “Board”) and support the CEO’s compensation plan by voting ahead of Cognyte’s Annual Meeting of Shareholders to be held on September 4, 2024.\n\n\nThe presentation is available here. The presentation and other important information relating to the Annual Meeting can also be found at https://www.cognyte.com/investors/.\n\n\nIn the presentation, Cognyte highlights its business momentum, recent strategic initiatives, improved financial performance, refreshed Board composition, performance-based compensation structure, and commitment to ongoing enhancement of corporate governance and financial disclosure. The Company also provides information and analysis that demonstrates that electing Tal Yaacobi, a director candidate nominated by Value Base Fund, would weaken the Board. Finally, the Company demonstrates that the compensation plan aligns the Company’s pay with performance and is in-line with compensation at peer companies.\n\n\nTo help ensure Cognyte’s strong momentum and progress continues, the Board urges shareholders to support the current strategy and Board. Please vote “FOR” Earl Shanks and Elad Sharon and “AGAINST” the election of Tal Yaacobi, and “FOR” the proposal to approve the amendments to Cognyte’s CEO compensation plan.\n\n\nShareholders who have any questions or need assistance voting their shares should contact the Company’s proxy solicitor, Saratoga Proxy Consulting, at +1 (888) 368-0379 or +1 (212) 257-1311 or by email at [email protected].\n\n\nAdvisors\n\n\nSpotlight Advisors i...