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LivePerson , Inc. (NASDAQ:LPSN) announced that shareholders approved several proposals at the company’s annual meeting held virtually on June 25. The information is based on a statement from the company’s recent SEC filing.
Shareholders voted in favor of amending the Amended and Restated 2019 Stock Incentive Plan. The amendment authorizes an increase of 5,340,000 shares of common stock available for issuance under the plan. The amendment also clarifies that dividends or dividend equivalent rights related to awards under the plan must be accrued and paid only if the underlying award vests, rather than being paid currently. This comes as InvestingPro data shows the company does not currently pay dividends to shareholders and faces challenges with a negative free cash flow yield.
The company reported that all executive officers are eligible to participate in the plan. The board of directors had previously adopted the amendment, subject to shareholder approval.
At the meeting, shareholders elected Vanessa Pegueros and William G. Wesemann as Class I directors to serve until the 2028 annual meeting. Pegueros received 22,627,510 votes in favor and 628,394 votes withheld, while Wesemann received 22,605,895 votes in favor and 650,009 votes withheld. There were 24,869,257 broker non-votes for each director nominee.
Shareholders also ratified the appointment of BDO USA, P.C. as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025. The ratification received 46,869,146 votes in favor, 1,128,047 votes against, and 127,968 abstentions.
Additionally, shareholders approved, on a non-binding advisory basis, the compensation of the company’s named executive officers, with 22,090,218 votes in favor, 1,043,191 votes against, and 122,495 abstentions.
A total of 48,125,161 shares were represented in person or by proxy at the meeting, constituting a quorum out of 93,849,817 shares outstanding as of the record date.
These results and actions were disclosed in a press release statement filed with the Securities and Exchange Commission. The company’s financial metrics reveal significant challenges ahead, with analysts forecasting a 23% revenue decline for the current year and negative earnings per share of -$0.59. For comprehensive analysis and detailed insights about LivePerson’s financial health and future prospects, investors can access the full Pro Research Report available on InvestingPro, which covers over 1,400 US stocks with deep-dive analysis and actionable intelligence.
In other recent news, LivePerson Inc. reported its first-quarter 2025 earnings, revealing a notable shortfall in earnings per share (EPS) compared to forecasts. The company announced an EPS of -$0.24, which was significantly below the expected -$0.06, although revenue slightly exceeded guidance at $64.7 million. Despite the earnings miss, LivePerson’s adjusted EBITDA surpassed expectations at $200,000. The company has also provided a full-year revenue guidance of $240-$255 million, anticipating sequential revenue declines through most of 2025. Analysts have not provided any recent upgrades or downgrades for LivePerson. The company continues to see strong demand in regulated industries, contributing significantly to its bookings. LivePerson is also experiencing extended enterprise buying cycles due to increased demand for AI, which has added new approval gates for risk and compliance.
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