NASHVILLE, Tenn., Feb. 25, 2020 /PRNewswire/ -- Tivity
Health® (Nasdaq: TVTY), a leading provider of nutrition,
fitness and social engagement solutions, today announced that its
Board of Directors will appoint two new independent directors under
an agreement with HG Vora Capital Management, LLC, a Tivity Health
shareholder that owns approximately 9.9% of the Company's
outstanding shares. It is expected that HG Vora will name the new
directors and they will join the Board in the next several weeks.
They will be nominated for election at the Company's 2020 Annual
Meeting of Shareholders, replacing two current Board members who
will not stand for reelection.
Chairman Kevin Wills said, "The
Board is focused on delivering long-term, sustainable shareholder
value. As part of this commitment, we maintain an active dialogue
with shareholders and welcome all constructive input. We are also
committed to maintaining a strong, highly qualified and experienced
Board that serves the best interests of our shareholders,
customers, partners and employees. We will maintain that strong
commitment with two new directors through this agreement with HG
Vora."
Parag Vora, Founder of HG Vora,
said, "We are pleased to have reached this agreement with Tivity
Health to add two new highly experienced directors to its Board. We
look forward to continuing our collaborative engagement with the
Board and Management team, in support of their efforts to drive
long-term value creation for all stakeholders."
About Tivity Health, Inc.
Tivity Health® (Nasdaq: TVTY) is a leading provider
of healthy life-changing solutions, including
SilverSneakers®, Nutrisystem®,
Prime® Fitness, Wisely Well™, South Beach
Diet® and WholeHealth Living®. We are
actively addressing the social determinants of health, defined as
the conditions in which we work, live and play. From improving
health outcomes to reversing the narrative on inactivity, food
insecurity, social isolation and loneliness, we are making a
difference and are transforming the way we do health. Learn more at
TivityHealth.com
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SOURCE Tivity Health, Inc.