Brightcove Appoints Chet Kapoor to Board of Directors
Kapoor said, "I am excited to join Brightcove's Board, and look forward
to working with management and the Board to drive meaningful value
creation for all shareholders.
Kapoor was appointed to the Board in connection with an agreement with
Tenzing Global, pursuant to which Tenzing Global has agreed to vote its
shares in accordance with the Board of Directors' recommendations at the
Company's 2015 and 2016 Annual Meetings. In addition, Tenzing Global is
subject to certain customary standstill provisions which terminate 45
days prior to the deadline for the submission of stockholder nominations
for the 2017 Annual Meeting. The full agreement has been filed in a Form
8-K with the
Kapoor will serve as a member of the Board's Compensation Committee.
The date of Brightcove's 2015 Annual Meeting of Shareholders is
Kapoor co-founded Tenzing Global in 2011. The firm focuses on value
investments in technology, media, telecommunications and consumer
companies. Prior to Tenzing Global, Kapoor was a Managing Partner and
Head of Equities at
About
Forward-Looking Statements
This press release may include forward-looking statements regarding anticipated objectives, growth and/or expected product and service developments or enhancements. Such forward-looking statements may be identified by the use of the following words (among others): "believes," "expects," "may," "will," "plan," "should" or "anticipates," or comparable words and their negatives. These forward-looking statements are not guarantees but are subject to risks and uncertainties that could cause actual results to differ materially from the expectations contained in these statements. For a discussion of such risks and uncertainties, see "Risk Factors" in the Company's filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K. Brightcove assumes no obligation to update any forward-looking statements contained in this press release in the event of changing circumstances or otherwise, and such statements are current only as of the date they are made.
Investor Contact:
ICR for
brian.denyeau@icrinc.com
or
Media
Contact:
kleighton@brightcove.com
Source:
News Provided by Acquire Media