LivePerson Files 8-K on Executive Changes, Compensation
Ticker: LPSN · Form: 8-K · Filed: Jan 9, 2024 · CIK: 1102993
| Field | Detail |
|---|---|
| Company | Liveperson Inc (LPSN) |
| Form Type | 8-K |
| Filed Date | Jan 9, 2024 |
| Risk Level | medium |
| Pages | 9 |
| Reading Time | 10 min |
| Key Dollar Amounts | $0.001, $1 billion, $550,000, $1,200,000, $4,000,000 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: executive-changes, compensation, corporate-governance
TL;DR
**LivePerson just announced executive and compensation changes, signaling potential strategic shifts.**
AI Summary
LivePerson, Inc. filed an 8-K on January 9, 2024, reporting changes in its executive leadership and compensation arrangements. This filing indicates potential shifts in the company's strategic direction or operational focus, which could impact its future performance. Investors should monitor subsequent announcements for details on new leadership and their plans, as these changes often precede significant corporate actions.
Why It Matters
Changes in executive leadership and compensation can signal a new strategic direction for LivePerson, potentially affecting its financial health and stock performance. Investors need to understand the implications of these changes for the company's future growth and profitability.
Risk Assessment
Risk Level: medium — Executive changes can introduce uncertainty regarding future company strategy and performance, posing a medium risk to investors.
Analyst Insight
A smart investor would monitor LivePerson's subsequent filings and press releases for specific details on the executive changes and compensation arrangements, as these will provide clearer insights into the company's future direction and potential impact on its stock price.
Key Numbers
- $0.001 — par value per share (par value of LivePerson's Common Stock)
Key Players & Entities
- LivePerson, Inc. (company) — the registrant filing the 8-K
- January 9, 2024 (date) — date of earliest event reported and filing date
- Delaware (company) — state of incorporation for LivePerson, Inc.
- 0-30141 (dollar_amount) — Commission File Number
- 13-3861628 (dollar_amount) — I.R.S. Employer Identification No.
- 530 7th Ave, Floor M1 New York, New York 10018 (company) — address of principal executive offices
- 212-609-4200 (dollar_amount) — registrant's telephone number
- Common Stock, par value $0.001 per share (company) — title of class of securities registered
- LPSN (company) — trading symbol for LivePerson, Inc.
- The Nasdaq Stock Market LLC (company) — exchange on which securities are registered
Forward-Looking Statements
- LivePerson will announce specific executive appointments and detailed compensation plans in subsequent filings or press releases. (LivePerson, Inc.) — high confidence, target: Q1 2024
- The new leadership will likely initiate a strategic review of LivePerson's current business operations. (LivePerson, Inc.) — medium confidence, target: Q2 2024
FAQ
What is the primary purpose of this 8-K filing by LivePerson, Inc.?
The primary purpose of this 8-K filing is to report the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers' and 'Financial Statements and Exhibits' as of January 9, 2024.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing is January 9, 2024.
What is LivePerson, Inc.'s trading symbol and on which exchange is its common stock registered?
LivePerson, Inc.'s trading symbol is LPSN, and its Common Stock, par value $0.001 per share, is registered on The Nasdaq Stock Market LLC.
What is the state of incorporation for LivePerson, Inc.?
LivePerson, Inc. is incorporated in Delaware.
Does LivePerson, Inc. identify as an emerging growth company in this filing?
No, LivePerson, Inc. indicates with a checkbox that it is not an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Filing Stats: 2,599 words · 10 min read · ~9 pages · Grade level 13.3 · Accepted 2024-01-09 17:27:20
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share LPSN The Nasdaq Stock Market
- $1 billion — hief Operating Officer of GE Digital, a $1 billion software company focused on creating th
- $550,000 — r its terms. An annual base salary of $550,000, payable in accordance with the Company
- $1,200,000 — ne with a value on the date of grant of $1,200,000 that will vest in two equal installment
- $4,000,000 — nd with a value on the date of grant of $4,000,000 that will vest as to 25% of the number
- $8.00 — e of the Company's common stock reaches $8.00 on a rolling 30-day trading basis, and
- $13.00 — e of the Company's common stock reaches $13.00 on a rolling 30-day trading basis. In a
- $8 — r share transaction price is at least $8.00, and any remaining time-based vestin
- $13 — per share transaction price is at least $13.00, and any remaining time-based vestin
Filing Documents
- lpsn-20240109.htm (8-K) — 54KB
- exhibit991-pressreleasej.htm (EX-99.1) — 11KB
- exhibit991-pressreleasej001.jpg (GRAPHIC) — 256KB
- exhibit991-pressreleasej002.jpg (GRAPHIC) — 293KB
- exhibit991-pressreleasej003.jpg (GRAPHIC) — 127KB
- 0001102993-24-000006.txt ( ) — 1130KB
- lpsn-20240109.xsd (EX-101.SCH) — 2KB
- lpsn-20240109_lab.xml (EX-101.LAB) — 24KB
- lpsn-20240109_pre.xml (EX-101.PRE) — 12KB
- lpsn-20240109_htm.xml (XML) — 3KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits: Exhibit No. Description 99.1 Press Release, dated January 9, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. LIVEPERSON, INC. (Registrant) Date: January 9, 2024 By: /s/ Monica L. Greenberg Monica L. Greenberg Executive Vice President, Policy and General Counsel