Value Base’s proposals receive support of Neuberger Berman, a leading global investment manager and a top shareholder of Cognyte, which intends to vote at the Cognyte Software AGM:
Value Base Ltd. and its affiliates (collectively, “VB Group” or “we”), owner of approximately 9.33% of the ordinary shares of Cognyte Software Ltd. (Nasdaq: CGNT, the “Company”) and the Company’s largest shareholder, announced that its proposals at the Company’s September 4, 2024 annual shareholders meeting have received the support of leading global investment manager, Neuberger Berman, which announced its voting intentions through www.nb.com/en/global/esg/nb-votes. Neuberger Berman owns approximately 7.16% of the Company’s ordinary shares and is the fourth largest shareholder, according to the Company’s proxy statement.
EMDA, a leading Israeli Proxy Advisor, backs Value Base at the Cognyte Software Limited (“Cognyte”) Shareholder Meeting
EMDA Research, an Israeli based proxy advisor has advised their institutional clients, to vote FOR Tal Yaacobi’s election and AGAINST Chairman Earl Shanks’ re-election to the Board at the Cognyte Software Ltd.’s (Nasdaq: CGNT) 2024 Annual Meeting of Shareholders (the “Annual Meeting”), which is scheduled to be held on September 4, 2024. EMDA has further recommended shareholders vote AGAINST the Compensation Plan for the CEO.
Value Base Urges Cognyte Shareholders to Vote for its Highly Qualified Director Candidate and Against Certain Company Proposals
Value Base Ltd. and its affiliates (collectively, “VB Group” or “we”), owner of approximately 9.33% of the ordinary shares of Cognyte Software Ltd. (Nasdaq: CGNT) (the “Company”) and the Company’s largest shareholder is formally responding to the letter issued by the Company’s Board of Directors (the “Board”) on August 12, 2024 (the “Letter”). The Letter mischaracterized several important aspects and demonstrated the continued misalignment between the Board led by Mr. Earl Shanks and the shareholders’ interests.
