Quotient Plans To Refresh Its Board In Connection With Cooperation Agreement With Engaged Capital; Five Current Directors To Transition From Roles
Portfolio Pulse from Benzinga Newsdesk
Quotient Technology Inc. plans to refresh its board in connection with a cooperation agreement with Engaged Capital. Five current directors will transition from their roles, and Kate W. Vanek and Tracey Figurelli will be nominated for election at the 2023 Annual Meeting of Stockholders. The board will be reduced to seven directors, six of whom will be independent.
June 05, 2023 | 9:58 pm
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Quotient Technology's board refresh in cooperation with Engaged Capital may lead to improved corporate governance and strategic direction.
The board refresh is expected to improve corporate governance and strategic direction, as it brings in new perspectives and expertise. Engaged Capital's involvement may also signal a commitment to enhancing shareholder value. This could have a positive short-term impact on Quotient's stock price.
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