An announcement from Zuora (ZUO) is now available.
Zuora, Inc. has struck a Cooperation Agreement with Scalar Gauge Fund and affiliated entities, resulting in the appointment of experienced executive John D. Harkey, Jr. to its Board of Directors. Harkey, with a wealth of leadership across various sectors, joins the Board and key committees, bringing strategic insight to the company. The agreement also sets guidelines for Scalar Gauge’s stake and actions in the company, including a standstill period with voting provisions aligned with the Board’s recommendations, and outlines conditions for early termination. This alliance aims to enhance governance and drive value for shareholders, signaling a forward-looking step for Zuora’s market positioning.
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