LivePerson, Inc. (NASDAQ:LPSN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

ME Staff 8-k

8 years ago

LivePerson, Inc. (NASDAQ:LPSN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Item 5.02.

Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.

On November 21, 2016, the Board of Directors (the Board) of
LivePerson, Inc. (the Company), following the recommendation of
the Companys Nominating and Corporate Governance Committee,
appointed Jill Layfield as a new member of the Board. Ms.
Layfield was appointed as a Class I Director and will stand for
re-election at the Companys 2019 Annual Meeting of Stockholders.

Ms. Layfield brings deep experience in the retail sector. She
currently serves as co-founder and CEO of Tamara Mellon, a luxury
footwear company. Prior to joining Tamara Mellon, Ms. Layfield
served in various roles over eleven years at Backcountry.com,
including as President and CEO from January 2011 to December
2015. Ms. Layfield currently sits on the boards of directors of
SmartPak Equine and Camber Outdoors.

Ms. Layfield will receive standard director fees and benefits,
including an initial grant of stock options under the Companys
2009 Stock Incentive Plan to purchase 35,000 shares of the
Companys Common Stock. The Companys non-employee director
compensation is described in more detail in the Companys
Definitive Proxy Statement for its 2016 Annual Meeting of
Stockholders filed with the U.S. Securities and Exchange
Commission on April 29, 2016. The Company intends to enter into
its standard form of indemnification agreement with Ms. Layfield.

There is no arrangement or understanding between Ms. Layfield and
any other person to which Ms. Layfield was selected as a
director.

Ms. Layfield is not a party to any transaction, or series of
transactions, required to be disclosed to Item 404(a) of
Regulation S-K.

On November 22, 2016, the Company issued a press release
announcing Ms. Layfields appointment as a new member of the
Board. A copy of this press release is attached hereto as Exhibit
99.1 and is incorporated herein by reference.



Item 8.01.		Other Events

On November 21, 2016, the Board of Directors of the Company also
authorized an extension of a previously-announced stock
repurchase program under which the Company has the ability to
repurchase shares of its common stock at times and prices
considered appropriate by the Board or a committee appointed by
the Board. The Board authorized the extension of the program
through December 31, 2017 as well as additional funding in the
amount of $10 million. The $10 million additional funding
authorized on November 21, 2016 is in addition to $64 million
previously authorized since December 2012, when the repurchase
program was originally adopted. The Board of Directors extended
the repurchase program to expire on December 31, 2017.

The Company may effectuate the stock repurchase program through
purchases in the open market or privately negotiated
transactions, depending upon prevailing market conditions and
other corporate considerations. The stock repurchase program is
subject to business and market conditions, and may be suspended
or discontinued at any time by the Board. The stock repurchase
program will be funded using the Companys available cash.

On November 22, 2016, the Company issued a press release
announcing the extension of its stock repurchase program. A copy
of this press release is attached hereto as Exhibit 99.1 and is
incorporated herein by reference.



Item 9.01.		Financial Statements and Exhibits.



(d) Exhibits. The following documents are included as exhibits to this report:

99.1		Press release issued by LivePerson, Inc. on November 22, 2016.

About LivePerson, Inc. (NASDAQ:LPSN)
LivePerson, Inc. (Liveperson) is a provider of mobile and online messaging technologies that power digital communication between brands and consumers. The Company’s segments include Business and Consumer. The Business segment enables brands to leverage its cloud-based LiveEngage’s intelligence engine. The Consumer segment facilitates online transactions between independent service providers (Experts) and individual consumers (Users) seeking information and knowledge for a fee through mobile and online messaging. The Company’s platform, LiveEngage, enables businesses to create a meaningful connection with consumers by offering messaging as a preferred channel of communication. Its technology platform offers an intelligence engine, as well as a suite of text and mobile messaging, real-time chat messaging, content delivery and cobrowsing offerings to proactively engage with consumers through m-dot sites, mobile applications, Websites and social media. LivePerson, Inc. (NASDAQ:LPSN) Recent Trading Information
LivePerson, Inc. (NASDAQ:LPSN) closed its last trading session up +0.05 at 8.55 with 223,561 shares trading hands.