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OneSpan Reaches Agreement with Legion Partners

OneSpan Reaches Agreement with Legion Partners
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OneSpan Inc. (NASDAQ: OSPN), the global leader in securing remote banking transactions, today announced that it has entered into an agreement with Legion Partners Holdings, LLC (together with its
affiliates,
“Legion”), which owns approximately 6.9% of the outstanding stock of OneSpan, pursuant to which two of Legion’s independent director nominees, Sarika Garg and Michael McConnell,
will be appointed to the OneSpan Board of Directors following the 2021 Annual Meeting of Stockholders (the “Annual Meeting”), scheduled to be held on June 9, 2021.
Over the past several years, we have made tremendous progress in transforming OneSpan and evolving our Board to ensure we have the right skills to support those efforts,” said John N. Fox, Jr., ....

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OneSpan Outlines Strength of Highly Qualified Board of Directors in Letter to Stockholders – Consumer Electronics Net

OneSpan Outlines Strength of Highly Qualified Board of Directors in Letter to Stockholders – Consumer Electronics Net
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Seattle teens line up for COVID-19 vaccines after eligibility expands

More teens are getting their shots after Washington state opened up COVID-19 vaccine eligibility to people 12 to 15 years old. ....

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Legion Partners Nominates Four Highly-Qualified Independent Candidates for Election to the OneSpan Board

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Legion Partners Asset Management, LLC, which, together with its affiliates (collectively, “Legion Partners”), beneficially owns 2,773,946 shares of common stock of OneSpan Inc. (“OneSpan” or the “Company”) (Nasdaq: OSPN), representing approximately 6.8% of the outstanding stock, today issued an open letter to stockholders. In the letter, Legion Partners announced it has nominated four highly-qualified independent directors for election to the Company’s Board of Directors (the “Board”) at the Company’s 2021 annual meeting of stockholders: Sarika Garg, Sagar Gupta, Michael J. McConnell and Rinki Sethi. Legion Partners also outlined its concerns with the Company’s persistent and significant valuation discount to its peers, poor corporate governance, and misguided capital allocation, and detailed its belief that the Company should undergo a comprehensive strategic review that coul ....

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