LivePerson Announces Board and Executive Changes
Ticker: LPSN · Form: 8-K · Filed: Nov 26, 2024 · CIK: 1102993
| Field | Detail |
|---|---|
| Company | Liveperson Inc (LPSN) |
| Form Type | 8-K |
| Filed Date | Nov 26, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, shareholder-vote
Related Tickers: LPSN
TL;DR
LivePerson shakes up board, exec pay; shareholders vote on key issues.
AI Summary
LivePerson, Inc. announced on November 25, 2024, changes in its board of directors and executive compensation arrangements. Specifically, the company reported the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements for its key executives. The filing also covers the submission of matters to a vote of security holders.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future performance, impacting investor confidence.
Risk Assessment
Risk Level: medium — Board and executive changes, along with shareholder votes, can indicate internal restructuring or strategic shifts that may carry inherent risks.
Key Numbers
- 001-41926 — SEC File Number (Identifies the company's filing with the SEC.)
- 13-3861628 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- LivePerson, Inc. (company) — Registrant
- November 25, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 530 7th Ave, Floor M1 New York, New York 10018 (address) — Principal executive offices
- 212-609-4200 (phone_number) — Registrant's phone number
FAQ
What specific reasons were given for the departure of certain officers or directors?
The filing indicates departures of certain officers and directors but does not specify the reasons for these departures in the provided text.
Who are the newly elected directors?
The filing mentions the election of directors but does not list their names in the provided text.
What specific compensatory arrangements were updated for certain officers?
The filing notes updates to compensatory arrangements for certain officers but does not detail the specifics of these arrangements in the provided text.
What matters were submitted to a vote of security holders?
The filing states that matters were submitted to a vote of security holders, but the specific proposals are not detailed in the provided text.
What is the company's principal executive office address?
The company's principal executive office is located at 530 7th Ave, Floor M1, New York, New York 10018.
Filing Stats: 1,225 words · 5 min read · ~4 pages · Grade level 12.9 · Accepted 2024-11-26 16:56:16
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share LPSN The Nasdaq Stock Market
Filing Documents
- lpsn-20241125.htm (8-K) — 65KB
- exh101ar2019stockincentive.htm (EX-10.1) — 121KB
- exh102ar2019espp.htm (EX-10.2) — 66KB
- 0001102993-24-000187.txt ( ) — 445KB
- lpsn-20241125.xsd (EX-101.SCH) — 2KB
- lpsn-20241125_def.xml (EX-101.DEF) — 7KB
- lpsn-20241125_lab.xml (EX-101.LAB) — 28KB
- lpsn-20241125_pre.xml (EX-101.PRE) — 16KB
- lpsn-20241125_htm.xml (XML) — 4KB
07. Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders. The Company reconvened its Annual Meeting of Stockholders virtually via live audio webcast on November 25, 2024 (the "Annual Meeting"). The Annual Meeting was commenced on November 4, 2024 and was adjourned until November 25, 2024 due to a lack of quorum. As of September 20, 2024, the record date for the Annual Meeting, there were a total of 90,258,009 shares of the Company's common stock outstanding and entitled to vote at the Annual Meeting, constituting all of the outstanding voting securities of the Company. At the Annual Meeting, the holders of 49,347,140 shares of the Company's common stock were represented in person or by proxy, and therefore a quorum was present. At the Annual Meeting, the stockholders elected the following Class III director nominees to serve on the Company's Board of Directors until the Company's 2027 Annual Meeting of Stockholders, and until such directors' successors shall have been duly elected and qualified, with the following voting results: Director Votes For Votes Withheld Abstain Broker Non-Votes Karin-Joyce (K.J.) Tjon 31,146,205 3,867,815 N/A 14,333,120 Director Votes For Votes Withheld Abstain Broker Non-Votes Dan Fletcher 31,195,674 3,818,348 N/A 14,333,120 At the Annual Meeting, the stockholders also ratified the Audit Committee's appointment of BDO USA, P.C. as the Company's independent registered accounting firm for the fiscal year ending December 31, 2024 with the following voting results: Votes For Votes Against Abstain Broker Non-Votes 44,815,090 4,089,481 442,569 — At the Annual Meeting, the stockholders also approved, on a non-binding advisory basis, the compensation of the Company's named executive officers, with the following voting results: Votes For Votes Against Abstain Broker Non-Votes 30,816,143 3,866,917 344,406 14,319,414 At the Annual Meeting, the stockholders also approved the ratification of the Company's Tax Be