Liveperson Inc Stock Price, News & Analysis

LivePerson, Inc. (Nasdaq: LPSN) reported recent equity-based incentive awards under its 2018 Inducement Plan. As of July 29, 2022, the company granted Restricted Stock Units (RSUs) to 6 employees totaling 50,149 shares and stock options to 2 employees totaling 29,453 shares. These grants vest 25% per year over four years, contingent on continued employment. This initiative aims to attract new talent in line with Nasdaq Listing Rule 5635(c)(4).

LivePerson, Inc. (Nasdaq: LPSN) is set to announce its second quarter financial results on August 8, 2022, after market close. The announcement will be followed by a conference call hosted by CEO Robert LoCascio and CFO John Collins at 5:00 p.m. Eastern Time. Investors can access the call through the company’s Investor Relations website. The teleconference will also be available for replay until August 22, 2022.

LivePerson (NASDAQ: LPSN) has entered into a significant agreement with Starboard Value LP to enhance its Board of Directors. This agreement includes appointing new independent directors through a cooperative selection process, with one nominee from Starboard and another from LivePerson. Following the 2022 Annual Meeting scheduled for August 4, the Board will consist of nine members, with eight being independent. Additionally, Jill Layfield has been appointed as Lead Independent Director. The agreement aims to bolster strategic insights and shareholder value amid evolving market dynamics.

LivePerson (NASDAQ: LPSN) has launched Contact Center Conversation Mining, a solution designed to optimize customer experiences by leveraging conversational analytics across voice and messaging platforms. This innovation streamlines customer journey mapping, enabling brands to proactively address service inefficiencies and enhance customer satisfaction. With this new approach, brands can systematically analyze customer interactions, identify behavioral patterns, and automate workflows to improve service delivery. LivePerson's solutions have reportedly cut customer care costs by up to 50% and increased sales significantly.

On June 29, 2022, LivePerson (NASDAQ: LPSN) announced recent grants of equity-based incentive awards under its 2018 Inducement Plan, complying with Nasdaq Listing Rule 5635(c)(4). The company granted a total of 123,729 Restricted Stock Units (RSUs) to 11 employees and stock options totaling 94,451 shares to 5 employees. These awards vest 25% per year over four years contingent on continued employment. LivePerson specializes in AI-powered customer engagement solutions, serving brands like HSBC and GM Financial.

LivePerson (NASDAQ: LPSN) announced the return of its in-person Executive Community events, with the first scheduled for June 16 in London. Following a successful event in New York City, where nearly 100 executives from top consumer brands gathered, the London event aims to connect leaders from various sectors to explore the impact of Conversational AI. Attendees will benefit from exclusive presentations and networking opportunities. CEO Rob LoCascio emphasized the high demand for insights on Conversational AI, stating these events are crucial for driving meaningful business deals.

LivePerson (NASDAQ: LPSN) addressed concerns raised by Starboard Value LP regarding board nominations and shareholder engagement. The Company emphasized ongoing constructive dialogue with Starboard since February 2022, aiming to represent shareholders' best interests. LivePerson highlighted its innovation accolades and commitment to board diversity, including the appointment of Ernest Cu. However, they noted Starboard's last-minute nominations and refusal to allow interviews with proposed board candidates hindered progress. The Board's director recommendations will be disclosed in the upcoming 2022 Annual Meeting proxy statement.

LivePerson, Inc. (Nasdaq: LPSN) announced grants of equity-based incentive awards under its 2018 Inducement Plan, fulfilling Nasdaq Listing Rule 5635(c)(4). Recent hires as of May 17, 2022, received a total of 158,799 RSUs and 86,220 stock options. These grants will vest at a rate of 25% annually over four years, contingent on continued employment. LivePerson is known for its Conversational AI technology, facilitating nearly a billion interactions monthly for clients including HSBC and GM Financial. The company has been recognized as the #1 Most Innovative AI Company globally.

Starboard Value LP, owning approximately 9.4% of LivePerson (LPSN), has issued an open letter criticizing the company's governance and board composition. It accuses the board of poor oversight and of delaying the annual meeting to maintain control. Starboard advocates for a restructured board featuring its qualified nominees to enhance expertise and diversity. The firm is open to constructive discussions regarding board changes and highlights the importance of board competence in driving shareholder value.