Business

OraSure Technologies Issues Statement Regarding Altai Capital’s Intent to Nominate Director Candidates

No Shareholder Action Required at This TimeBETHLEHEM, Pa., Dec. 17, 2025 (GLOBE NEWSWIRE) -- OraSure Technologies, Inc. (“OraSure” and “OTI”) (NASDAQ: OSUR), a leader in point-of-need and home diagnostic tests and sample management solutions, today confirmed that Altai Capital (“Altai”) has notified the Company of its intent to nominate two candidates, including the fund’s founder, Rishi Bajaj, to stand for election to the Company’s Board of Directors (the “Board”) at its 2026 Annual Meeting of

articleOrasure Technologies, Inc.December 17, 202510/company/orasure-technologies-inc/news/orasure-technologies-issues-statement-regarding-182300779
OraSure Technologies Issues Statement Regarding Altai Capital’s Intent to Nominate Director Candidates

About this update from Orasure Technologies, Inc.

[{"type":"image","alt":"OraSure Technologies, Inc.","displaySize":"","headline":null,"caption":"OraSure Technologies, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":95,"url":"https://media.zenfs.com/en/globenewswire.com/ee6ee9213fb9d24f63cdaa40b86ea197"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/uVsIhqxzmWwFwYtjpoEGOA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEzMztjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/ee6ee9213fb9d24f63cdaa40b86ea197","width":300,"height":95}},"lazy":false},{"type":"text","content":"No Shareholder Action Required at This Time","length":43,"tagName":"p"},{"type":"text","content":"BETHLEHEM, Pa., Dec. 17, 2025 (GLOBE NEWSWIRE) -- OraSure Technologies, Inc. (“OraSure” and “OTI”) (NASDAQ: OSUR), a leader in point-of-need and home diagnostic tests and sample management solutions, today confirmed that Altai Capital (“Altai”) has notified the Company of its intent to nominate two candidates, including the fund’s founder, Rishi Bajaj, to stand for election to the Company’s Board of Directors (the “Board”) at its 2026 Annual Meeting of Stockholders.","length":470,"tagName":"p"},{"type":"text","content":"The Company issued the following statement:","length":43,"tagName":"p"},{"type":"text","content":"The OraSure Board and management team are committed to moving the Company forward with a clear focus on shareholder value creation. We maintain open and constructive dialogue with our shareholders, and members of OraSure’s Board have engaged extensively with Altai Capital in recent months, including evaluating Mr. Bajaj for potential service on the Board. Our Board ultimately determined not to appoint Mr. Bajaj to serve as a director at OraSure. Since that time, our Board has offered to make certain of our directors available to engage further, and Altai has not accepted our invitations.","length":594,"tagName":"p","attribs":{}},{"type":"text","content":"OraSure maintains a strong, independent, and engaged Board. We continually assess our Board composition, and as a result our Board has undergone significant refreshment, bringing in industry perspectives and executive-level experience to provide oversight as management drives growth and value creation. Over the past three years, seven directors have departed the Board, and we have added three new, highly qualified independent directors, in...

More updates from Orasure Technologies, Inc.

OraSure TechnologiesThe CompanyOraSure BoardAltai CapitalCompanyOraSureCarrie Eglinton Mannermanagement solutionsBoard of DirectorsJohn P. Kenny