Cognyte Confirms Receipt of Director Nomination from Value Base
Cognyte Software (NASDAQ: CGNT) has confirmed receipt of a director nomination from Value Base for the 2024 Annual Meeting of Shareholders. The company's Board of Directors is focused on maximizing shareholder value through initiatives like expanding in North America and investing in AI research. Cognyte's Board has undergone significant changes in the past 15 months, including the addition of three new members and the establishment of a strategy committee. The company believes it is well-positioned for sustainable and profitable growth. The Board will evaluate Value Base's nominee, and recommendations will be included in a supplement to the proxy statement. No shareholder action is required at this time.
Cognyte Software (NASDAQ: CGNT) ha confermato di aver ricevuto una nomina per il consiglio di amministrazione da Value Base in vista dell'Assemblea Annuale degli Azionisti del 2024. Il Consiglio di Amministrazione dell'azienda è concentrato sul massimizzare il valore per gli azionisti attraverso iniziative come l'espansione in Nord America e investimenti nella ricerca sull'intelligenza artificiale. Negli ultimi 15 mesi, il Consiglio di Cognyte ha subito cambiamenti significativi, inclusa l'aggiunta di tre nuovi membri e l'istituzione di un comitato strategico. L'azienda crede di essere ben posizionata per una crescita sostenibile e redditizia. Il Consiglio valuterà il candidato proposto da Value Base, e le raccomandazioni saranno incluse in un supplemento alla dichiarazione di delega. Non è richiesta alcuna azione da parte degli azionisti in questo momento.
Cognyte Software (NASDAQ: CGNT) ha confirmado la recepción de una nominación para director por parte de Value Base para la Junta Anual de Accionistas de 2024. La Junta Directiva de la compañía se centra en maximizar el valor para los accionistas a través de iniciativas como la expansión en América del Norte y la inversión en investigación de IA. La Junta de Cognyte ha pasado por cambios significativos en los últimos 15 meses, incluida la adición de tres nuevos miembros y el establecimiento de un comité de estrategia. La empresa cree que está bien posicionada para un crecimiento sostenible y rentable. La Junta evaluará el nominado de Value Base, y las recomendaciones se incluirán en un suplemento a la declaración de poder. No se requiere acción de los accionistas en este momento.
Cognyte Software (NASDAQ: CGNT)는 2024년 주주 총회를 위한 Value Base의 이사 후보 추천을 접수했다고 확인했습니다. 회사의 이사회는 북미 확장 및 인공지능(AI) 연구 투자와 같은 이니셔티브를 통해 주주 가치를 극대화하는 데 집중하고 있습니다. Cognyte의 이사회는 지난 15개월 동안 세 명의 새로운 위원이 추가되고 전략 위원회가 설립되는 등 중요한 변화를 겪었습니다. 회사는 지속 가능하고 수익성 있는 성장에 잘 위치하고 있다고 믿습니다. 이사회는 Value Base의 후보자를 평가할 것이며, 추천 사항은 위임장 명세서에 포함된 보충 자료에 들어갈 것입니다. 현재 주주 행동은 필요하지 않습니다.
Cognyte Software (NASDAQ: CGNT) a confirmé avoir reçu une nomination de directeur de Value Base pour la réunion annuelle des actionnaires de 2024. Le conseil d'administration de l'entreprise se concentre sur la maximisation de la valeur pour les actionnaires à travers des initiatives telles que l'expansion en Amérique du Nord et l'investissement dans la recherche en IA. Le conseil de Cognyte a connu d'importants changements au cours des 15 derniers mois, y compris l'ajout de trois nouveaux membres et la création d'un comité de stratégie. L'entreprise estime qu'elle est bien positionnée pour une croissance durable et rentable. Le conseil évaluera le candidat proposé par Value Base, et des recommandations seront incluses dans un supplément à la déclaration de procuration. Aucune action des actionnaires n'est requise pour le moment.
Cognyte Software (NASDAQ: CGNT) hat den Eingang einer Direktoren-Nominierung von Value Base für die Hauptversammlung 2024 bestätigt. Der Vorstand des Unternehmens konzentriert sich auf die Maximierung des Aktionärswertes durch Initiativen wie die Expansion in Nordamerika und Investitionen in KI-Forschung. Der Vorstand von Cognyte hat in den letzten 15 Monaten erhebliche Veränderungen durchlaufen, darunter die Hinzufügung von drei neuen Mitgliedern und die Gründung eines Strategieausschusses. Das Unternehmen ist der Meinung, dass es gut positioniert ist für nachhaltiges und profitables Wachstum. Der Vorstand wird den Vorschlag von Value Base prüfen, und Empfehlungen werden in einem Ergänzungsdokument zur Hauptversammlung enthalten sein. Derzeit sind keine Maßnahmen von den Aktionären erforderlich.
- Board focus on maximizing shareholder value
- Expansion initiatives in North American market
- Continued investment in AI research and development
- Addition of three new board members with relevant experience
- Establishment of a strategy committee to accelerate growth
- None.
No Shareholder Action Required at This Time
HERZLIYA,
Cognyte engages in regular communication with its shareholders and welcomes constructive input to further the best interests of all shareholders. The Company’s Board of Directors and management team are focused on maximizing value for shareholders through several initiatives, including expanding the company’s presence in the North American market and continuing investment in research and development to bolster its technical capabilities, particularly in artificial intelligence (AI). The Board believes the market opportunity for Cognyte is significant, and the Board is confident that the company is well-positioned to deliver sustainable and profitable growth.
Cognyte notes the current Board is comprised of highly qualified, independent, experienced and engaged Directors. Over the past 15 months, significant changes to the Board have been made. These changes include the addition of three new members with highly relevant experience, establishing a strategy committee to focus on identifying opportunities to accelerate Cognyte’s growth, and the appointment of Earl Shanks as Board Chairman. The Cognyte Board and management team are aligned on strategy. Together, they believe the company is on the right track and is well-positioned to create long-term value for shareholders.
Over the past year, the company has taken meaningful steps to increase engagement with shareholders and bring more feedback and insights from them into the executive suite to aid decision-making and corporate planning. To that end, members of the Board and management team have held discussions with, among other shareholders, Value Base to better understand its views on the Company’s strategy.
The Board and the Nominating Committee will evaluate Value Base’s nominee. The Board’s recommendation with respect to the nominee proposed by Value Base will be included in a supplement to the proxy statement and a revised proxy card for the 2024 Annual Meeting that will be filed with the
About Cognyte Software Ltd.
Cognyte Software Ltd. is a global leader in investigative analytics software that empowers a variety of government and other organizations with Actionable Intelligence for a Safer World™. Our open interface software is designed to help customers accelerate and improve the effectiveness of investigations and decision-making. Hundreds of customers rely on our solutions to accelerate and conduct investigations and derive insights, with which they identify, neutralize and tackle threats to national security and address different forms of criminal and terror activities. Learn more at www.cognyte.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240807244669/en/
Investor Relations Contact:
Rob Fink
FNK IR on behalf of Cognyte Software
cgnt@fnkir.com
Source: Cognyte Software Ltd.
FAQ
What is the recent development regarding Cognyte's board of directors?
What strategic initiatives is Cognyte (CGNT) focusing on?
What changes has Cognyte's board undergone in the past 15 months?
Is any action required from Cognyte (CGNT) shareholders at this time?
