LivePerson Alters Agreements & Security Holder Rights

TL;DR

**LivePerson just changed key agreements and security holder rights, watch for details!**

AI Summary

LivePerson, Inc. filed an 8-K on February 16, 2024, reporting an entry into a material definitive agreement and material modifications to the rights of security holders. This filing indicates significant changes to the company's contractual obligations and potentially to the terms governing its common stock and other securities. The specific details of these agreements and modifications are not fully disclosed in the provided excerpt but are effective as of February 16, 2024.

Why It Matters

This filing signals potential shifts in LivePerson's financial structure or control, which could impact investor confidence and the company's future strategic direction.

Risk Assessment

Risk Level: medium — Changes to material definitive agreements and security holder rights can introduce new obligations or alter existing investor protections, creating uncertainty.

Key Players & Entities

• LivePerson, Inc. (company) — Registrant
• Delaware (company) — State of incorporation
• February 16, 2024 (date) — Date of earliest event reported and filing date
• 001-41926 (other) — SEC File Number
• 13-3861628 (other) — I.R.S. Employer Identification No.

FAQ

Key Financial Figures

• $0.001 — ich registered Common Stock, par value $0.001 per share LPSN The Nasdaq Stock Market

Filing Documents

• lpsn-20240216.htm (8-K) — 35KB
• lpsn-rightsplanamendment.htm (EX-4.1) — 16KB
• 0001102993-24-000029.txt ( ) — 215KB
• lpsn-20240216.xsd (EX-101.SCH) — 2KB
• lpsn-20240216_def.xml (EX-101.DEF) — 15KB
• lpsn-20240216_lab.xml (EX-101.LAB) — 29KB
• lpsn-20240216_pre.xml (EX-101.PRE) — 16KB
• lpsn-20240216_htm.xml (XML) — 4KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. The information set forth in Item 3.03 of this Current Report is incorporated into this Item 1.01 by reference.

03. Material Modification to Rights of Security Holders

Item 3.03. Material Modification to Rights of Security Holders. On February 16, 2024, LivePerson, Inc., a Delaware corporation (the "Company") and Equiniti Trust Company, LLC, a New York limited liability trust company, as Rights Agent, entered into an Amendment to the Tax Benefits Preservation Plan (the "Amendment"), dated as of January 22, 2024 (the "Rights Agreement"). The Amendment makes certain technical amendments to the definition of "Beneficial Owner," "Beneficial Ownership" and "Beneficially Own" under the Rights Agreement. Equiniti also serves as the transfer agent and registrar for the Company's common stock. The foregoing description of the Amendment is intended to provide a general description only, does not purport to be complete, and is qualified in its entirety by reference to the complete text of the Amendment, a copy of which is filed as Exhibit 4.1 to this Current Report on Form 8-K and is incorporated herein by reference.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits: Exhibit No. Description 4.1 Amendment, dated as of February 16, 2024, to the Tax Benefits Preservation Plan, between LivePerson, Inc. and Equiniti Trust Company, LLC. 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: February 16, 2024 By: /s/ John Collins John Collins Chief Financial Officer and Chief Operating Officer

View Full Filing

View this 8-K filing on SEC EDGAR