On March 24, 2017, the Board of Directors (the “Board”) of Verint Systems Inc., a Delaware corporation (“Verint” or the “Company”), upon the recommendation of the Corporate Governance and Nominating Committee of the Company, appointed Ms. Penelope Herscher to the Board effective April 1, 2017, filling an existing vacancy on the Board. She will serve for an initial term ending at the Company’s 2017 Annual Meeting of Stockholders.

Ms. Herscher has over 15 years of experience as a high-tech CEO and over 10 years serving on public company boards. She currently sits on the boards of Lumentum Operations LLC, a leader in the optical communications space, and Rambus Corporation, an intellectual property licensing company whose products span from memory and interfaces to security, smart sensors and lighting. In addition, Ms. Herscher is executive chairman at FirstRain, a privately held company in the unstructured data analytics space, where she was President and CEO until 2015. Earlier in her career, Ms. Herscher held senior executive positions at a number of software and technology companies.

The Board has affirmatively determined that Ms. Herscher meets the qualifications of an independent director under NASDAQ Rule 5605(a)(2) and the Company’s Corporate Governance Guidelines.

Verint is not aware of any transactions with Ms. Herscher that would require disclosure under Item 404(a) of Regulation S-K. As a non-employee director, Ms. Herscher will participate in Verint’s compensation program for non-employee directors as described under the caption “Director Compensation” in Verint’s Proxy Statement filed with the Securities and Exchange Commission on May 11, 2016.

Ms. Herscher is expected to become a party to an Indemnification Agreement with Verint on the same basis as Verint’s other directors, the terms of which are described in Verint’s Annual Report on Form 10-K for the year ended January 31, 2017.

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About Verint Systems Inc. (NASDAQ:VRNT)

Verint Systems Inc. offers Actionable Intelligence solutions. The Company’s Actionable Intelligence solutions address Customer Engagement Optimization, Security Intelligence, and Fraud, Risk and Compliance. It offers services, such as strategic consulting, implementation services, training, maintenance and round the clock support, as well as a range of deployment models. It has three segments: Enterprise Intelligence Solutions, which includes solutions for customer analytics, engagement management and workforce optimization; Cyber Intelligence Solutions, which provides cyber intelligence solutions, including Cyber Security, Network Intelligence, Off-Air Intelligence, Web Intelligence, Fusion Intelligence and Lawful Interception Compliance, and Video and Situation Intelligence Solutions, which offers video and situation intelligence solutions, including Situational Awareness Platform, Enterprise Video Management Software, Video Analytics, EdgeVMS and Public Safety Media Recorder.

Verint Systems Inc. (NASDAQ:VRNT) Recent Trading Information

Verint Systems Inc. (NASDAQ:VRNT) closed its last trading session 00.00 at 43.50 with 2,275,218 shares trading hands.