Comscore plans to nominate CEO Jon Carpenter to join the Board
RESTON,
Va., Dec. 29, 2023 /PRNewswire/ -- Comscore,
Inc. (Nasdaq: SCOR) ("Comscore" or the "Company") announced today
that its Lead Director, Brent
Rosenthal, who stepped down as non-executive Chairman of the
Board in 2022, will retire from the Board and not stand for
re-election at the Company's 2024 annual meeting of stockholders.
The Company plans to nominate Chief Executive Officer Jon Carpenter to join the Board in 2024.
Mr. Rosenthal has served Comscore and its affiliated companies
for more than 15 years. He served as a member of the Rentrak
Board of Directors from 2008 to 2016, including as non-executive
Chairman of the Board from 2011 to 2016, and oversaw building
Rentrak into a $1 billion market
capitalization following investments from Mark Cuban, DISH and WPP. Following the merger
of Comscore and Rentrak in 2016, he joined Comscore's Board of
Directors, later serving as non-executive Chairman of the Board
from 2018 to 2022. During his tenure with Rentrak and
Comscore, Mr. Rosenthal led critical management and board
rebuilding, business transformation and financing efforts,
culminating in investments from partners Charter Communications,
Liberty Broadband and Cerberus Capital Management.
"On behalf of the Board, I thank Brent for his many
contributions to Comscore. As Chairman and now Lead Director, Brent
has been a strong independent voice and pushed strategically and
operationally to capitalize on the enormous cross-platform video
consumption opportunity," said Board Chairman
Nana Banerjee.
David Kline, who was designated
to the Board by Charter, commented, "We have partnered with Brent
since the early days of Rentrak and have long admired his vision
regarding the changing media dynamics and landscape."
"We respect Brent's vision and deep knowledge of the industry
including his years of involvement in Comscore and Rentrak. We wish
him well on his future endeavors," concluded Brian Wendling,
who was designated to the Board by Liberty Broadband.
About Comscore
Comscore (NASDAQ: SCOR) is a global, trusted partner for
planning, transacting and evaluating media across platforms. With a
data footprint that combines digital, linear TV, over-the-top and
theatrical viewership intelligence with advanced audience
insights, Comscore empowers media buyers and sellers to quantify
their multi-screen behavior and make meaningful business decisions
with confidence. A proven leader in measuring digital and TV
audiences and advertising at scale, Comscore is the industry's
emerging, third-party source for reliable and comprehensive
cross-platform measurement.
Important Additional Information
Comscore intends to file a proxy statement and BLUE proxy
card with the U.S. Securities and Exchange Commission (the "SEC")
in connection with the 2024 annual meeting of stockholders and, in
connection therewith, the Company, its directors and certain of its
executive officers will be participants in the solicitation of
proxies from the Company's stockholders in connection with such
meeting. STOCKHOLDERS OF THE COMPANY ARE STRONGLY ENCOURAGED TO
READ SUCH PROXY STATEMENT, ACCOMPANYING BLUE PROXY CARD AND ALL
OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY
WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT
INFORMATION. The Company's definitive proxy statement for the
special meeting of stockholders held on December 12, 2023, filed with the SEC on
October 31, 2023, contains
information regarding the direct and indirect interests, by
security holdings or otherwise, of the Company's directors and
executive officers in the Company's securities. Information
regarding subsequent changes to their holdings of the Company's
securities can be found in SEC filings on Forms 3, 4, and 5, which
are available on the Company's website at
https://ir.comscore.com/financial-information/sec-filings or on the
SEC's website at www.sec.gov. Information can also be found in the
Company's Annual Report on Form 10-K, filed with the SEC on
March 2, 2023. Updated information
regarding the identity of potential participants, and their direct
or indirect interests, by security holdings or otherwise, will be
set forth in the definitive proxy statement and other materials to
be filed with the SEC in connection with the 2024 annual meeting of
stockholders. Stockholders will be able to obtain the definitive
proxy statement, any amendments or supplements to the proxy
statement and other documents filed by the Company with the SEC at
no charge on the SEC's website at www.sec.gov. Copies will
also be available at no charge on the Company's website at
https://ir.comscore.com/financial-information/sec-filings.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of federal and state securities laws, including,
without limitation, our expectations, plans and opinions regarding
director nominations and the 2024 annual meeting of stockholders.
These statements involve risks and uncertainties that could cause
actual events to differ materially from expectations, including,
but not limited to, changes in our plans with respect to director
nominations and the 2024 annual meeting of stockholders, changes in
individual intentions with respect to the same, and our ability to
achieve our expected strategic, financial and operational plans.
For additional discussion of risk factors, please refer to our
Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and
other filings that we make from time to time with the U.S.
Securities and Exchange Commission (the "SEC"), which are available
on the SEC's website (www.sec.gov).
Investors are cautioned not to place undue reliance on our
forward-looking statements, which speak only as of the date such
statements are made. We do not intend or undertake, and expressly
disclaim, any duty or obligation to publicly update any
forward-looking statements to reflect events, circumstances or new
information after the date of this press release, or to reflect the
occurrence of unanticipated events.
Media:
Kai Heslop
KCSA Strategic Communications for Comscore, Inc.
comscore@kcsa.com
Investors:
John Tinker
Comscore, Inc.
(212) 203-2129
jtinker@comscore.com
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SOURCE Comscore, Inc.