Press release
Cognyte Software Sends Letter to Shareholders Highlighting the Company’s Operational Performance and Recent Business Improvements
Board Comments on Value Base’s Campaign to Replace Cognyte’s Chairman or its CEO Without Offering Any Recommendations for Business or Governance Improvement
About this update from Cognyte Software Ltd.
[{"type":"text","content":"\nBoard Comments on Value Base’s Campaign to Replace Cognyte’s Chairman or its CEO Without Offering Any Recommendations for Business or Governance Improvement\n\n\nUrges Shareholders to Vote “FOR” Cognyte’s Two Candidates, Both of Whom Have Been Instrumental in Driving the Company’s Business Improvement Efforts\n\n\n HERZLIYA, Israel--(BUSINESS WIRE)--\nCognyte Software Ltd. (NASDAQ: CGNT) (“Cognyte”), a global leader in investigative analytics software, today issued a letter to its shareholders regarding its 2024 Annual Meeting of Shareholders to be held on September 4, 2024. The Cognyte Board of Directors (the “Board”) encourages shareholders to reject Value Base Fund’s director nominee and to vote “FOR” the re-election of Earl Shanks, Cognyte’s independent Chairman of the Board, “FOR” Elad Sharon, the Company’s Chief Executive Officer and “FOR” the CEO compensation plan.\n\n\nIn the letter to shareholders, Cognyte’s Board highlights the Company’s recent operational advancements, improved financial performance, refreshed Board composition and commitment to ongoing enhancement of corporate governance and financial disclosure.\n\n\nThe full text of the letter follows:\n\n\nDear Fellow Shareholders:\n\n\nThis year’s Annual Meeting of Shareholders (the “Annual Meeting”) of Cognyte Software Ltd. (“Cognyte” or the “Company”) will be held on September 4, 2024, and is particularly important. At this year’s Annual Meeting, shareholders will have the opportunity to vote to reelect two of Cognyte’s key leaders: the Company’s independent Chairman, Earl Shanks, and its CEO, Elad Sharon, both of whom have been instrumental in driving the Company’s strategy and business improvement.\n\n\nIn our proxy statement, you will find important information highlighting the Company’s strategy, governance and recent progress, all of which have been driven by our leadership team and Board of Directors. We encourage you to read these materials carefully and vote today using the instructions on the enclosed proxy card.\n\n\nCognyte’s Board of Directors and Management Are Executing on a Strategy that Is Delivering Results for Shareholders\n\n\nThe execution of Cognyte’s current innovation and expansion strategy, led by CEO Elad Sharon, is working. We are leveraging our reputation for best-of-breed technological solutions with customers around the world and ...