nCino Appoints New Board Member
nCino (NASDAQ: NCNO) has appointed Justin Nyweide to its Board of Directors, expanding the board to ten members. Nyweide, who will serve on the Board's Audit Committee, brings over two decades of experience in investing and partnering with growth companies across technology, software, internet, and financial services sectors.
As a Founding Partner and Chief Investment Officer of HMI Capital, a significant nCino shareholder, Nyweide's appointment comes alongside a Cooperation Agreement between nCino and HMI Capital. The agreement includes customary standstill, voting, and other provisions, which will be detailed in nCino's Current Report on Form 8-K filing with the SEC.
nCino (NASDAQ: NCNO) ha nominato Justin Nyweide nel suo Consiglio di Amministrazione, espandendo il consiglio a dieci membri. Nyweide, che farà parte del Comitato di Controllo del Consiglio, porta con sé oltre vent'anni di esperienza nell'investimento e nella collaborazione con aziende in crescita nei settori della tecnologia, del software, di internet e dei servizi finanziari.
In qualità di Socio Fondatore e Chief Investment Officer di HMI Capital, un importante azionista di nCino, la nomina di Nyweide avviene insieme a un Accordo di Cooperazione tra nCino e HMI Capital. L'accordo include clausole consuete di stallo, di voto e altre disposizioni, che saranno dettagliate nel Rapporto Corrente di nCino sul modulo 8-K presentato alla SEC.
nCino (NASDAQ: NCNO) ha nombrado a Justin Nyweide en su Junta Directiva, ampliando la junta a diez miembros. Nyweide, quien formará parte del Comité de Auditoría de la Junta, aporta más de dos décadas de experiencia en inversiones y asociaciones con empresas en crecimiento en los sectores de tecnología, software, internet y servicios financieros.
Como Socio Fundador y Director de Inversiones de HMI Capital, un importante accionista de nCino, el nombramiento de Nyweide llega junto a un Acuerdo de Cooperación entre nCino y HMI Capital. El acuerdo incluye disposiciones habituales de permanencia, votación y otras, que se detallarán en el Informe Actual de nCino en el formulario 8-K presentado ante la SEC.
nCino (NASDAQ: NCNO)는 Justin Nyweide를 이사회에 새로 선임하여 이사회의 구성원을 10명으로 확장했습니다. Nyweide는 이사회의 감사 위원회에서 활동하며, 기술, 소프트웨어, 인터넷 및 금융 서비스 분야의 성장 기업에 대한 투자와 파트너십에 20년 이상의 경력을 가지고 있습니다.
HMI Capital의 창립 파트너이자 최고 투자 책임자인 Nyweide의 임명은 nCino와 HMI Capital 간의 협력 계약과 함께 이루어집니다. 이 계약에는 일반적인 스탠드스틸, 투표 및 기타 조항이 포함되어 있으며, 이는 SEC에 제출된 nCino의 현재 보고서 8-K 양식에 자세히 설명될 것입니다.
nCino (NASDAQ: NCNO) a nommé Justin Nyweide au sein de son Conseil d'Administration, élargissant celui-ci à dix membres. Nyweide, qui siégera au Comité d'Audit du Conseil, apporte plus de vingt ans d'expérience dans l'investissement et le partenariat avec des entreprises en croissance dans les secteurs de la technologie, des logiciels, d'internet et des services financiers.
En tant que Partenaire Fondateur et Directeur des Investissements de HMI Capital, un actionnaire important de nCino, la nomination de Nyweide s'accompagne d'un Accord de Coopération entre nCino et HMI Capital. L'accord inclut des dispositions habituelles de suspension, de vote et autres, qui seront détaillées dans le Rapport Actuel de nCino sur le formulaire 8-K déposé auprès de la SEC.
nCino (NASDAQ: NCNO) hat Justin Nyweide in seinen Vorstand berufen, was die Anzahl der Vorstandsmitglieder auf zehn erhöht. Nyweide, der im Prüfungsausschuss des Vorstands tätig sein wird, bringt über zwei Jahrzehnte Erfahrung in der Investition und Partnerschaft mit wachsenden Unternehmen in den Bereichen Technologie, Software, Internet und Finanzdienstleistungen mit.
Als Gründungspartner und Chief Investment Officer von HMI Capital, einem bedeutenden Aktionär von nCino, erfolgt Nyweides Ernennung parallel zu einer Kooperationsvereinbarung zwischen nCino und HMI Capital. Die Vereinbarung umfasst übliche Stillschweige-, Abstimmungs- und andere Bestimmungen, die im aktuellen Bericht von nCino auf dem Formular 8-K eingereicht bei der SEC ausführlich erläutert werden.
- Addition of board member with extensive investment and capital markets expertise
- Strengthened relationship with major shareholder HMI Capital through board representation
- Enhanced board oversight capabilities in financial and investment matters
- None.
WILMINGTON, N.C., Feb. 10, 2025 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), the leading provider of intelligent, best-in-class banking solutions, today announced that it has appointed Justin Nyweide to its Board of Directors, effective immediately. Mr. Nyweide will serve on the Board's Audit Committee.
Justin has over two decades of experience investing in and partnering with growth companies globally in the technology, software, internet, and financial services industries. He is a Founding Partner and the Chief Investment Officer of HMI Capital, an investment firm based in San Francisco. HMI Capital is a large shareholder of nCino and has a longstanding relationship with the Company and its management.
Mr. Nyweide commented, "nCino is a best-in-class vertical market software company that is a clear leader in serving the needs of its financial services customers. The opportunities for nCino are real and significant, and I'm excited to partner with the Board and management to drive durable and profitable growth."
“We are pleased to welcome Justin to nCino’s Board,” commented Pierre Naudé, Executive Chairman of the Board of nCino, and Sean Desmond, CEO of nCino, in a joint statement. “His extensive expertise in investment and capital markets will enhance the Board’s capabilities and play an important role in advancing nCino’s growth objectives.”
In conjunction with this appointment, nCino has entered into a Cooperation Agreement (the “Agreement”) with HMI Capital Management, L.P. (together with its affiliates, "HMI Capital"). Pursuant to this Agreement, HMI Capital has agreed to customary standstill, voting and other provisions. The Agreement will be included as an exhibit to nCino’s Current Report on Form 8-K, which will be filed with the U.S. Securities and Exchange Commission (the “SEC”) and will be available on the Investor Relations section of the Company's website. Through this appointment, nCino’s Board will comprise of ten directors.
About nCino
nCino (NASDAQ: NCNO) is powering a new era in financial services. The Company was founded to help financial institutions digitize and reengineer business processes to boost efficiencies and create better banking experiences. With over 1,800 customers worldwide - including community banks, credit unions, independent mortgage banks, and the largest financial entities globally - nCino has developed a trusted platform of best-in-class, intelligent solutions. By integrating artificial intelligence and actionable insights into its platform, nCino is helping financial institutions consolidate legacy systems to enhance strategic decision-making, improve risk management, and elevate customer satisfaction by cohesively bringing together people, AI and data. For more information, visit www.ncino.com.
Media Contacts
Natalia Moose press@ncino.com
About HMI Capital Management, L.P.
HMI Capital is a San Francisco-based investment management firm with a long-term perspective seeking to invest in the highest quality businesses globally in three primary sectors: software and technology; consumer and business services; and financial services. The firm invests across the capital structure, is market cap agnostic, and holds a concentrated portfolio. HMI Capital layers decades of fine-tuning its business-quality framework and deep sector expertise with a constructivist approach, collaborating with management to effect positive change whenever possible. Through this approach, HMI Capital strives to deliver high risk-adjusted real returns over long time frames with low probability of permanent loss of capital.
Safe Harbor Statement
This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally include actions, events, results, strategies and expectations and are often identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” “will,” “could,” “might,” or “continues” or similar expressions. Any forward-looking statements contained in this press release are based upon nCino’s historical performance and its current plans, estimates, and expectations, and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent nCino’s expectations as of the date of this press release. Subsequent events may cause these expectations to change and, except as may be required by law, nCino does not undertake any obligation to update or revise these forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially including, among others, risks and uncertainties relating to the market adoption of our solution and privacy and data security matters. Additional risks and uncertainties that could affect nCino’s business and financial results are included in reports filed by nCino with the U.S. Securities and Exchange Commission (available on our web site at www.ncino.com or the SEC's web site at www.sec.gov). Further information on potential risks that could affect actual results will be included in other filings nCino makes with the SEC from time to time.
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