LivePerson Elects New Directors, Adjusts Executive Pay

TL;DR

LivePerson adds two directors and updates exec pay packages.

AI Summary

LivePerson, Inc. announced on November 21, 2024, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Robert K. Kroman and David M. Krumlauf, to its board. Additionally, the company entered into new employment agreements with certain executive officers, including Robert M. LoPinto, Chief Executive Officer, and John D. Level, Chief Financial Officer, detailing their compensation packages.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy and governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: medium — Changes in board and executive compensation can indicate underlying strategic shifts or governance concerns that may affect the company's future stability and performance.

Key Players & Entities

• LivePerson, Inc. (company) — Registrant
• Robert K. Kroman (person) — Newly elected director
• David M. Krumlauf (person) — Newly elected director
• Robert M. LoPinto (person) — Chief Executive Officer
• John D. Level (person) — Chief Financial Officer
• November 21, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

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

Filing Documents

• lpsn-20241121.htm (8-K) — 23KB
• 0001102993-24-000192.txt ( ) — 175KB
• lpsn-20241121.xsd (EX-101.SCH) — 2KB
• lpsn-20241121_def.xml (EX-101.DEF) — 7KB
• lpsn-20241121_lab.xml (EX-101.LAB) — 28KB
• lpsn-20241121_pre.xml (EX-101.PRE) — 16KB
• lpsn-20241121_htm.xml (XML) — 4KB

From the Filing

lpsn-20241121 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _____________________ FORM 8-K _____________________ CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 21, 2024 _____________________ LivePerson, Inc. (Exact Name of Registrant as Specified in its Charter) _____________________ Delaware 0-30141 13-3861628 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 530 7th Ave, Floor M1 New York , New York 10018 (Address of principal executive offices, with zip code) ( 212 ) 609-4200 Registrant's telephone number, including area code N/A (Former name or former address, if changed since last report) _____________________ Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.001 per share LPSN The Nasdaq Stock Market LLC Rights to Purchase Series A Junior Participating Preferred Stock None The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On November 27, 2024, LivePerson, Inc. (the "Company") announced that its Chief Product & Technology Officer, Alex Kroman, has decided to depart from the Company, effective December 31, 2024. Until his departure, among his regular duties, Mr. Kroman will work with the Company's senior technology leadership to effect a seamless and orderly transition. The Company currently expects to identify and appoint a successor externally. 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. Date: November 27, 2024 LIVEPERSON, INC. (Registrant) By: /s/ Monica L. Greenberg Monica L. Greenberg Executive Vice President, Policy and General Counsel

View Full Filing

View this 8-K filing on SEC EDGAR