Logility’s Response to 2717 Partners

Rhea-AI Summary

Logility Supply Chain Solutions (NASDAQ: LGTY) issued a statement in response to a letter from 2717 Partners, LP dated December 9, 2024. The Company emphasized its commitment to executing its business strategy and delivering industry-leading supply chain planning services. Logility's Board of Directors and management routinely review business and strategic directions to ensure they are on the best path to enhance shareholder value.

Positive

• Logility is committed to executing its business strategy.
• The Company emphasizes delivering industry-leading supply chain planning services.
• Regular review of business and strategy by the Board of Directors and management.

Negative

• None.

Insights

Financial Analyst

This communication from Logility in response to 2717 Partners' letter appears to be a standard corporate acknowledgment without any substantive information or actionable details. While activist investor involvement can be significant, this particular response provides no insight into potential strategic changes, financial implications, or specific concerns raised by 2717 Partners. Without knowing the content of the original letter or any proposed actions, the market impact remains unclear. The vague nature of this response suggests the company is taking a measured approach but offers nothing material for investors to evaluate.

ATLANTA--(BUSINESS WIRE)-- Logility Supply Chain Solutions, Inc. (NASDAQ: LGTY) (“Logility” or the “Company”) issued the following statement in response to a letter to the Company’s Board of Directors sent by 2717 Partners, LP on December 9, 2024:

Logility acknowledges and values the perspectives of its shareholders and is focused on executing its business strategy and providing industry leading service in supply chain planning. Our Board of Directors and management regularly analyze the business and strategy to ensure the Company pursues the best path forward to enhance shareholder value.

About Logility

Logility is a market-leading provider of AI-first supply chain management solutions engineered to help organizations build sustainable digital supply chains that improve people’s lives and the world we live in. The Company’s approach is designed to reimagine supply chain planning by shifting away from traditional “what happened” processes to an AI-driven strategy that combines the power of humans and machines to predict and be ready for what’s coming. Logility’s fully integrated, end-to-end platform helps clients know faster, turn uncertainty into opportunity, and transform supply chain from a cost center to an engine for growth. With over 550 clients in 80 countries, the Company is headquartered in Atlanta, GA. Learn more at www.logility.com.

Forward Looking Statements

This press release contains forward-looking statements that are subject to substantial risks and uncertainties. There are a number of factors that could cause actual results or performance to differ materially from what is anticipated by statements made herein. These factors include, but are not limited to, continuing U.S. and global economic uncertainty and the timing and degree of business recovery; the irregular pattern of the Company’s revenues; dependence on particular market segments or customers; competitive pressures; market acceptance of the Company’s products and services; technological complexity; undetected software errors; potential product liability or warranty claims; risks associated with new product development; the challenges and risks associated with integration of acquired product lines, companies and services; uncertainty about the viability and effectiveness of strategic alliances; the Company’s ability to satisfy in a timely manner all Securities and Exchange Commission (SEC) required filings and the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 and the rules and regulations adopted under that Section; as well as a number of other risk factors that could affect the Company’s future performance. For further information about risks the Company could experience as well as other information, please refer to the Company’s current Form 10-K and other reports and documents subsequently filed with the SEC.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241210611264/en/

Investor Contact:

Kevin Liu

kliu@amsoftware.com

(626) 424-1535

Source: Logility Supply Chain Solutions, Inc.

FAQ

What was Logility's response to 2717 Partners' letter?

Logility emphasized its commitment to executing its business strategy and delivering industry-leading supply chain planning services.

When did Logility receive the letter from 2717 Partners?

Logility received the letter from 2717 Partners on December 9, 2024.

How does Logility ensure it is on the best path to enhance shareholder value?

Logility's Board of Directors and management regularly review the business and strategic directions.

What is Logility's stock symbol?

Logility's stock symbol is NASDAQ: LGTY.