Benefitfocus Files Definitive Proxy Materials and Sets Date for 2021 Annual Meeting of Stockholders
May 17 2021 - 4:20PM
Benefitfocus, Inc. (NASDAQ: BNFT), an industry-leading benefits
technology platform that simplifies benefits administration for
employers, health plans and brokers, announces that it has filed
definitive proxy materials with the U.S. Securities and Exchange
Commission in connection with its upcoming 2021 annual meeting of
stockholders. Benefitfocus also commenced mailing the proxy
materials to stockholders today.
The Benefitfocus 2021 annual meeting of stockholders is
scheduled to take place on June 30, 2021 at 10:00 am EDT at the
company’s headquarters in Charleston, South Carolina. Stockholders
of record as of the close of business on May 10, 2021 will be
entitled to vote at the annual meeting.
“We believe Benefitfocus is a strong company, with the right
leadership, team and strategy for growth and value creation,” said
Doug Dennerline, incoming independent chairman of the Benefitfocus
board. “We have engaged with many Benefitfocus stockholders over
the past year and value the feedback we have received. Importantly,
we have taken steps to significantly enhance the company’s
governance profile, diversify the Board, and strengthen the
management team. We are confident that Benefitfocus is poised for
sustainable growth and success.”
Dennerline added, “We have spent considerable time engaging with
Indaba, a Benefitfocus debtholder and stockholder. We are pleased
that Indaba has withdrawn its director nominations, and we will
continue our efforts to constructively engage with Indaba and our
other shareholders.”
The Benefitfocus board of directors unanimously recommends that
Benefitfocus stockholders vote “FOR” the incumbent directors, and
“FOR” all proposals submitted at the annual meeting, including the
proposal to declassify the board and provide for the annual
election of directors.
Benefitfocus stockholders who need assistance in completing the
proxy card or voting instruction form or have questions regarding
the Benefitfocus annual meeting may contact the company’s proxy
solicitors:
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If you have any questions or need assistancevoting your white proxy
card, please contact: |
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Okapi Partners1212 Avenue of the Americas, 24th
FloorNew York, NY 10036 |
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Telephone for Banks, Brokers and International Shareholders: +1
212-297-0720Shareholders may call toll-free (from the U.S. and
Canada): 877-629-6355Email: info@okapipartners.com |
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Additional information about the annual meeting and the meeting
materials can be found on the investor relations section of the
company’s website.
About Benefitfocus Benefitfocus (NASDAQ:
BNFT) unifies the entire benefits industry through innovative
technology solutions that bring efficiency, cost savings and
simplicity to employee benefits administration. Our powerful
cloud-based software, data-driven insights and
thoughtfully designed services help employers, insurance
brokers, health plans and suppliers address the complexity of
benefits enrollment and engagement, while bringing easier access to
health, wealth and lifestyle products through a world-class
benefits experience. Our mission is simple: to improve lives
with benefits. Learn more
at www.benefitfocus.com, LinkedIn and Twitter.
DISCLAIMER REGARDING FORWARD LOOKING
STATEMENTSExcept for historical information, all of the
statements, expectations, and assumptions contained in this press
release are forward-looking statements. Actual results might differ
materially from those explicit or implicit in the forward-looking
statements. Important factors that could cause actual results to
differ materially include: our ability to maintain our culture and
recruit, integrate and retain qualified personnel, including on our
board of directors; our ability to compete effectively; the
need to innovate and provide useful products and services; risks
related to changing healthcare and other applicable regulations;
the immature and volatile nature of the market for our products and
services; privacy; security and other risks associated with our
business; management of growth; volatility and uncertainty in
the global economy and financial markets in light of the evolving
COVID-19 pandemic; and the other risk factors set forth from time
to time in our SEC filings, copies of which are available
free of charge within the Investor Relations section of
the Benefitfocus website
at http://investor.benefitfocus.com/sec-filings or upon
request from our Investor Relations
Department. Benefitfocus assumes no obligation and does
not intend to update these forward-looking statements, except as
required by law.
Important Additional Information and Where to Find
ItThe company has filed with the SEC a definitive proxy
statement (the “Proxy Statement”) and associated white proxy card
in connection with the solicitation of proxies from the company’s
stockholders for the company’s 2021 annual meeting of stockholders
(the “Annual Meeting”). Details concerning the nominees of the
Company’s board of directors for election at the Annual Meeting are
included in the Proxy Statement. BEFORE MAKING ANY VOTING DECISION,
INVESTORS AND STOCKHOLDERS OF THE COMPANY ARE URGED TO READ THE
PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO)
AND ANY OTHER RELEVANT DOCUMENTS THAT THE COMPANY FILES WITH THE
SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE
BECAUSE THEY CONTAIN IMPORTANT INFORMATION. Investors and
stockholders may obtain a copy of the Proxy Statement, an
accompanying white proxy card, any amendments or supplements to the
Proxy Statement and other documents filed by the company with the
SEC at no charge from the SEC’s website at www.sec.gov. Copies will
also be available at no charge in the Investor Relations section of
the Benefitfocus website at
http://investor.benefitfocus.com/sec-filings or by contacting the
company’s Investor Relations Department at ir@benefitfocus.com, as
soon as reasonably practicable after such materials are
electronically filed with, or furnished to, the SEC.
Benefitfocus, Inc.843-981-8898pr@benefitfocus.com Investor
Relations:Patti Leahy843-981-8899ir@benefitfocus.com
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