Verint Files Investor Presentation
May 31 2019 - 1:40PM
Business Wire
Details Verint’s Strong Performance Driven by
Board-Led Strategy
Highlights Verint’s Highly Engaged and
Experienced Board and Company’s Extensive Interaction with
Neuberger Berman to Avoid Costly Proxy Fight
Urges Verint Stockholders to Vote “FOR” all of
the Company’s Actively Engaged, Independent Director Nominees on
the WHITE Proxy Card
Verint® Systems Inc. (Nasdaq: VRNT) today announced that it has
filed a presentation to be used in its discussions with investors
in connection with its upcoming Annual Meeting of Stockholders to
be held on June 20, 2019, at 8:30am ET.
The presentation highlights:
- Verint’s strong performance, driven
by the board-led strategy is delivering significant value to
stockholders
- Strategy is delivering strong returns
to stockholders, including 56% TSR for the year period ending April
8, 2019, the day prior to Neuberger Berman’s public nominations,
and outperformance of relevant benchmarks over the past one-, two-,
and three-year periods
- Strong operating trends and financial
performance are the outcome of the Board-led strategy focused on
automation and cloud innovation
- Verint engaged extensively with
Neuberger Berman to find common ground
- Board worked extensively to avoid a
proxy contest, engaging regularly with Neuberger Berman since
2017
- Neuberger Berman has never been
consistent in its priorities or actions
- Neuberger Berman’s shifting “asks” have
made resolution to this proxy fight impossible
- Verint’s Board is strong and has a
proven governance track record
- Board has deep sector expertise, and
the right mix of skills and experience to guide our long-term
success, and the independence to hold management accountable
- Verint has added three new directors
(including one proposed by Neuberger Berman) in the last three
years
- Board has commitment to adding a new
director within the next year
- None of Neuberger Berman’s nominees
are qualified and additive
- In 2019 alone, Neuberger Berman has
submitted seven different director candidates, including one we had
previously rejected
- Of their remaining nominees, not one
meets our director screening criteria or adds value we don’t
already have
The company asks stockholders to protect the value of their
investment by promptly voting FOR all of the company’s highly
qualified directors on the WHITE proxy
card. Stockholders with questions about how to vote their shares
may call Verint’s proxy solicitor, Innisfree M&A Incorporated,
toll-free at 1 (877) 750-9496 (from the U.S. and Canada), or +1
(412) 232-3651 (from other locations).
The presentation, along with other materials related to the
company’s 2019 Annual
Meeting, will be available at www.VoteVerint.com and at
www.sec.gov. The website will be updated as additional information
becomes available.
About Verint Systems Inc.
Verint® (Nasdaq: VRNT) is a global leader in Actionable
Intelligence® solutions with a focus on customer engagement
optimization and cyber intelligence. Today, over 10,000
organizations in more than 180 countries—including over
85 percent of the Fortune 100—count on intelligence from
Verint solutions to make more informed, effective and timely
decisions. Learn more about how we’re creating A Smarter World with
Actionable Intelligence® at www.verint.com.
Important Additional Information and Where to Find It
Verint has filed a definitive proxy statement on Schedule 14A
and form of associated WHITE Proxy Card with the Securities and
Exchange Commission (“SEC”) in connection with the solicitation of
proxies for its 2019 Annual Meeting (the “Definitive Proxy
Statement”). Details concerning the nominees of Verint’s Board of
Directors for election at the 2019 Annual Meeting are included in
the Definitive Proxy Statement. Verint has mailed solicitation
materials, including a WHITE proxy card, to stockholders of record
entitled to vote at the 2019 Annual Meeting. BEFORE MAKING ANY
VOTING DECISION, INVESTORS AND STOCKHOLDERS OF THE COMPANY ARE
URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH OR FURNISHED TO THE
SEC, INCLUDING VERINT’S DEFINITIVE PROXY STATEMENT AND ANY
SUPPLEMENTS THERETO AND ACCOMPANYING WHITE PROXY CARD, BECAUSE THEY
WILL CONTAIN IMPORTANT INFORMATION. Stockholders will be able to
obtain a free copy of the Definitive Proxy Statement and of these
other documents through the website maintained by the SEC at
http://www.sec.gov and through the website maintained by Verint at
http://www.verint.com/investor-relations as soon as reasonably
practicable after such materials are electronically filed with, or
furnished to, the SEC.
Certain Information Regarding Participants
Verint, its directors and certain of its officers and other
employees will be deemed to be participants in the solicitation of
Verint’s stockholders in connection with Verint’s 2019 Annual
Meeting. Information regarding the names, affiliations and direct
and indirect interests (by security holdings or otherwise) of these
persons is set forth in the Definitive Proxy Statement filed with
the SEC in connection with Verint’s 2019 Annual Meeting. Additional
information regarding the interests of participants of Verint in
the solicitation of proxies in respect of Verint’s 2019 Annual
Meeting will be filed with the SEC when they become available.
Stockholders will be able to obtain a free copy of the Definitive
Proxy Statement and other documents filed by Verint with the SEC
from the sources listed above.
This press release contains “forward-looking statements,”
including statements regarding expectations, predictions, views,
opportunities, plans, strategies, beliefs, and statements of
similar effect relating to Verint Systems Inc. These
forward-looking statements are not guarantees of future performance
and they are based on management’s expectations that involve a
number of risks, uncertainties and assumptions, any of which could
cause actual results to differ materially from those expressed in
or implied by the forward-looking statements. For a detailed
discussion of these risk factors, see our Annual Report on Form
10-K for the fiscal year ended January 31, 2019, and other filings
we make with the SEC. The forward-looking statements contained in
this press release are made as of the date of this press release
and, except as required by law, Verint assumes no obligation to
update or revise them or to provide reasons why actual results may
differ.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190531005495/en/
InvestorAlan RodenVerint Systems
Inc.alan.roden@verint.com
MediaJim Barron/David MillarSard Verbinnen & Co.212
687 8080
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