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LivePerson Inc. (NASDAQ:LPSN), a provider of cloud-based chat and messaging solutions currently valued at $76.89 million, has announced the scheduling of its 2025 annual meeting of stockholders. According to InvestingPro data, the company faces significant challenges with a 22% revenue decline and substantial debt burden of $527.23 million. According to a recent 8-K filing with the U.S. Securities and Exchange Commission (SEC), the meeting is set to take place on June 25, 2025, and will be conducted via live audio webcast.
The board of directors has established May 1, 2025, as the record date for determining the stockholders entitled to notice and voting rights at the annual meeting or any subsequent adjournments or postponements. This announcement comes as the company shifts the date of its annual meeting by more than 30 days from the previous year’s meeting, which concluded on December 31, 2024. With the stock trading at $0.85, InvestingPro analysis suggests the company is currently undervalued despite its operational challenges.
Consequently, LivePerson has set a new deadline for stockholder proposals for inclusion in the proxy materials for the upcoming meeting. Proposals must be received by the company by May 5, 2025. Any submissions after this date will not be considered and will be omitted from the proxy materials. The company emphasizes that proposals must adhere to SEC rules to be eligible for inclusion.
Additionally, any stockholder proposals not submitted under Rule 14a-8, including director nominations, must also be received by the May 5, 2025 deadline. This date is critical for determining the timeliness of proposals in relation to discretionary voting authority with proxies under Rule 14a-4(c)(1) of the Exchange Act.
All director nominations and stockholder proposals must comply with Delaware law, SEC regulations, and the company’s third amended and restated bylaws. To align with the universal proxy rules, stockholders intending to solicit proxies for director nominees other than the company’s nominees must provide notice by May 5, 2025, containing the information required by Rule 14a-19 under the Exchange Act.
This announcement is based on a press release statement and provides stockholders with the necessary information to participate in the governance of LivePerson Inc. For investors seeking deeper insights, InvestingPro offers comprehensive analysis through its Pro Research Report, including detailed financial health metrics, 13 additional ProTips, and expert analysis of LivePerson’s market position and future prospects.
In other recent news, LivePerson Inc. reported its fourth-quarter 2024 earnings, revealing a significant miss on earnings per share (EPS) expectations, with an EPS of -$1.27 compared to the forecasted -$0.05. Despite this, the company exceeded revenue expectations, posting $73.2 million against a forecast of $68.32 million. The company also reported a full-year 2024 revenue of $312.5 million. LivePerson’s adjusted EBITDA for the fourth quarter was $8.1 million, surpassing the high end of their guidance. The company projects a revenue decline through most of 2025, with expectations of revenue between $240 million and $255 million and adjusted EBITDA ranging from -$14 million to breakeven. In terms of market strategy, LivePerson has launched several AI innovations and increased its customer base using generative AI. Analyst feedback from firms like Craig Hallum Capital Group and Northland Capital Markets highlighted ongoing challenges and strategic changes within the company. These developments underscore LivePerson’s efforts to align financial performance with its strategic innovations in AI.
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