Cognyte Releases Investor Presentation Highlighting Business Momentum in Advance of Annual Meeting
Cognyte Software (NASDAQ: CGNT), a global leader in investigative analytics software, has released an investor presentation ahead of its Annual Meeting on September 4, 2024. The presentation highlights the company's business momentum, strategic initiatives, and improved financial performance. Cognyte urges shareholders to vote 'FOR' the re-election of Chairman Earl Shanks and CEO Elad Sharon to the Board of Directors, 'AGAINST' the election of Value Base Fund's nominee Tal Yaacobi, and 'FOR' the proposed amendments to the CEO's compensation plan.
The company argues that electing Yaacobi would weaken the Board and emphasizes that the compensation plan aligns with performance and industry standards. Cognyte has also highlighted its refreshed Board composition, performance-based compensation structure, and commitment to enhancing corporate governance and financial disclosure.
Cognyte Software (NASDAQ: CGNT), un leader globale nel software di analisi investigativa, ha rilasciato una presentazione agli investitori in vista della sua Assemblea Annuale del 4 settembre 2024. La presentazione mette in evidenza il slancio aziendale, le iniziative strategiche e il miglioramento delle performance finanziarie. Cognyte esorta gli azionisti a votare 'A FAVORE' della rielezione del Presidente Earl Shanks e del CEO Elad Sharon nel Consiglio di Amministrazione, 'CONTRO' l'elezione del candidato del Value Base Fund, Tal Yaacobi, e 'A FAVORE' delle modifiche proposte al piano di compenso del CEO.
L'azienda sostiene che l'elezione di Yaacobi indebolirebbe il Consiglio e sottolinea che il piano di compenso è allineato con le performance e gli standard di settore. Cognyte ha inoltre evidenziato la sua nuova composizione del Consiglio, la struttura di compenso basata sulle performance e l'impegno a migliorare la governance aziendale e la divulgazione finanziaria.
Cognyte Software (NASDAQ: CGNT), un líder global en software de análisis investigativo, ha publicado una presentación para inversores antes de su Junta Anual el 4 de septiembre de 2024. La presentación destaca el ímpetu empresarial, las iniciativas estratégicas y la mejora en el rendimiento financiero. Cognyte insta a los accionistas a votar 'A FAVOR' de la reelección del Presidente Earl Shanks y del CEO Elad Sharon en la Junta Directiva, 'EN CONTRA' de la elección del nominado del Value Base Fund, Tal Yaacobi, y 'A FAVOR' de las enmiendas propuestas al plan de compensación del CEO.
La compañía argumenta que elegir a Yaacobi debilitaría la Junta y enfatiza que el plan de compensación está alineado con el rendimiento y los estándares de la industria. Cognyte también ha resaltado su refrescada composición de la Junta, la estructura de compensación basada en el rendimiento y el compromiso de mejorar la gobernanza corporativa y la divulgación financiera.
Cognyte Software (NASDAQ: CGNT), 전 세계 범죄 분석 소프트웨어의 선두주자인 Cognyte는 2024년 9월 4일 연례 회의를 앞두고 투자자 발표를 공개했습니다. 이 발표는 회사의 사업 모멘텀, 전략적 이니셔티브 및 향상된 재무 성과를 강조합니다. Cognyte는 주주들에게 이사회의 의장인 Earl Shanks와 CEO인 Elad Sharon의 재선에 '찬성', Value Base Fund의 후보인 Tal Yaacobi의 선출에 '반대', CEO 보상 계획 변경안에 '찬성' 투표를 촉구합니다.
회사는 Yaacobi의 선출이 이사회를 약화시킬 것이라고 주장하며 보상 계획이 성과 및 업계 표준과 일치한다고 강조하고 있습니다. Cognyte는 또한 새로워진 이사회 구성, 성과 기반 보상 구조 및 기업 거버넌스 및 재무 공시 향상을 위한 노력을 강조했습니다.
Cognyte Software (NASDAQ: CGNT), un leader mondial dans le logiciel d'analyse d'investigation, a publié une présentation aux investisseurs avant son Assemblée Générale Annuelle prévue le 4 septembre 2024. La présentation met en avant le dynamisme commercial, les initiatives stratégiques et l'amélioration de la performance financière de l'entreprise. Cognyte encourage les actionnaires à voter 'POUR' la réélection du Président Earl Shanks et du CEO Elad Sharon au Conseil d'Administration, 'CONTRE' l'élection du candidat du Value Base Fund, Tal Yaacobi, et 'POUR' les modifications proposées au plan de compensation du CEO.
L'entreprise soutient que l'élection de Yaacobi affaiblirait le Conseil et souligne que le plan de compensation est aligné sur les performances et les normes du secteur. Cognyte a également souligné sa nouvelle composition du Conseil, sa structure de compensation basée sur la performance et son engagement à améliorer la gouvernance d'entreprise et la divulgation financière.
Cognyte Software (NASDAQ: CGNT), ein global führendes Unternehmen für investigative Analysesoftware, hat eine Präsentation für Anleger vor der jährlichen Hauptversammlung am 4. September 2024 veröffentlicht. Die Präsentation hebt den Geschäftsdynamik, strategische Initiativen und verbesserte finanzielle Leistung des Unternehmens hervor. Cognyte fordert die Aktionäre auf, für die Wiederwahl des Vorsitzenden Earl Shanks und des CEO Elad Sharon in den Vorstand zu stimmen, gegen die Wahl des Nominierten des Value Base Fund, Tal Yaacobi, und für die vorgeschlagenen Änderungen am Vergütungsplan des CEO zu stimmen.
Das Unternehmen argumentiert, dass die Wahl von Yaacobi den Vorstand schwächen würde und betont, dass der Vergütungsplan an Leistung und Branchenstandards ausgerichtet ist. Cognyte hat auch seine erneuerte Zusammensetzung des Vorstands, die leistungsabhängige Vergütungsstruktur und das Engagement zur Verbesserung der Unternehmensführung und finanziellen Offenlegung hervorgehoben.
- Improved financial performance reported
- Strategic initiatives implemented to drive long-term shareholder value
- Refreshed Board composition
- Enhanced corporate governance and financial disclosure practices
- Potential board disruption if Value Base Fund's nominee is elected
- Ongoing proxy contest may distract management from core business operations
Details Decisive Actions Taken by Board and Management to Drive Improved Results and Deliver Long-Term Shareholder Value
Explains Why the Election of Value Base Fund’s Proposed Director Candidate Tal Yaacobi Would Weaken the Cognyte Board
Encourages Shareholders to Vote “FOR” Cognyte’s Independent Chairman Earl Shanks, “FOR” Chief Executive Officer Elad Sharon, “AGAINST” Tal Yaacobi, and “FOR” the Proposal to Approve the Amendments to Cognyte’s CEO Compensation Plan
HERZLIYA,
The presentation is available here. The presentation and other important information relating to the Annual Meeting can also be found at https://www.cognyte.com/investors/.
In the presentation, Cognyte highlights its business momentum, recent strategic initiatives, improved financial performance, refreshed Board composition, performance-based compensation structure, and commitment to ongoing enhancement of corporate governance and financial disclosure. The Company also provides information and analysis that demonstrates that electing Tal Yaacobi, a director candidate nominated by Value Base Fund, would weaken the Board. Finally, the Company demonstrates that the compensation plan aligns the Company’s pay with performance and is in-line with compensation at peer companies.
To help ensure Cognyte’s strong momentum and progress continues, the Board urges shareholders to support the current strategy and Board. Please vote “FOR” Earl Shanks and Elad Sharon and “AGAINST” the election of Tal Yaacobi, and “FOR” the proposal to approve the amendments to Cognyte’s CEO compensation plan.
Shareholders who have any questions or need assistance voting their shares should contact the Company’s proxy solicitor, Saratoga Proxy Consulting, at +1 (888) 368-0379 or +1 (212) 257-1311 or by email at info@saratogaproxy.com.
Advisors
Spotlight Advisors is serving as financial advisor, Paul Hastings LLP and Meitar are serving as legal advisors, Saratoga Proxy Consulting, LLC is serving as proxy advisor and FNK IR is serving as communications advisor to Cognyte Software.
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.
Cautionary Statement Regarding Forward-Looking Statements
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are identified by use of the words “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “should,” “views,” and similar expressions.
Any forward-looking statements contained herein are based on current expectations, but are subject to risks and uncertainties that could cause actual results to differ materially from those indicated, including, but not limited to, the impact and contributions of the slate of director nominees Cognyte has nominated, the projected growth of Cognyte’s business, and Cognyte’s ability to achieve its financial and business plans, goals and objectives and drive shareholder value, including with respect to its ability to successfully implement its strategy, and other risk factors discussed from time to time in Cognyte’s filings with the SEC, including those factors discussed under the caption “Risk Factors” in its most recent annual report on Form 20-F, filed with the Securities and Exchange Commission (“SEC”) on April 9, 2024, as amended on April 19, 2024 and in subsequent reports filed with or furnished to the SEC. Cognyte assumes no obligation and does not intend to update these forward-looking statements, except as required by law, to reflect events or circumstances occurring after today’s date.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240820416861/en/
Investor Relations:
Rob Fink
FNK IR on behalf of Cognyte Software
cgnt@fnkir.com
Source: Cognyte Software Ltd.
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