Wed, Apr 30, 9:09 PM (18 days ago)
**LivePerson, Inc. (LPSN) - 2024 Annual Report Amendment Summary** **Company Overview:** LivePerson, Inc. (LPSN) filed an amendment to its 2024 Annual Report on Form 10-K/A. The amendment includes information required by Items 10 through 14 of Part III of Form 10-K, which were omitted from the original filing. **Executive and Board Changes:** - **Board Members:** Jim Miller (Chair), Dan Fletcher, Jill Layfield, Vanessa Pegueros, Karin-Joyce Tjon, and William G. Wesemann. Notable additions include Dan Fletcher and Karin-Joyce Tjon. - **Executive Officers:** John Sabino (CEO), John D. Collins (CFO and COO), Monica L. Greenberg (EVP, Policy and General Counsel), and Jeffrey Ford (CAO and SVP of Finance). **Executive Compensation:** - **John Sabino (CEO):** Total compensation of $4,319,279, including a base salary of $535,545, stock awards of $3,421,936, and other compensation. - **John D. Collins (CFO and COO):** Total compensation of $2,127,859, including a base salary of $525,000, bonuses, and stock awards. - **Monica L. Greenberg (EVP, Policy and General Counsel):** Total compensation of $1,524,670, including a base salary of $450,000, bonuses, and stock awards. **Director Compensation:** - Directors received annual cash retainers and equity grants, with variations based on roles and committee memberships. **Risk Factors and Strategic Overview:** - The company faces risks related to market conditions, regulatory changes, and competitive pressures. - Strategic initiatives include board refreshment, executive compensation alignment, and corporate governance enhancements. **Financial Condition and Market Position:** - The company's financial condition and market position are influenced by its strategic initiatives and executive leadership changes. - The amendment does not provide detailed financial performance metrics but focuses on governance and executive changes. **Future Outlook:** - The company aims to enhance shareholder value through strategic board and executive appointments. - Continued focus on corporate governance and executive compensation alignment. **Risk Factors:** - Market volatility, regulatory changes, and competitive dynamics pose risks to the company's financial performance. - The company's strategic initiatives and governance practices are designed to mitigate these risks. **Changes and Impact:** - The amendment reflects changes in board composition, executive leadership, and corporate governance practices. - These changes are intended to strengthen the company's strategic direction and enhance shareholder value. **Conclusion:** LivePerson's 2024 Annual Report Amendment highlights significant changes in board and executive leadership, aimed at strengthening corporate governance and strategic direction. The company faces various risks but is taking steps to mitigate them through strategic initiatives and governance enhancements.