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  "documentTitle": "Starboard Value Liveperson Letter to Sharedholder May 2023",
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  "presentationDate": "2023-05-01 00:00:00",
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  "notes": "This is a formal letter/closing statement from an activist investor.",
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      "text": "Peter Feld\nManaging Member\nStarboard Value LP",
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      "text": "Over the coming weeks and months, we will be disclosing more details regarding our nomination and our vision for LivePerson. We look forward to engaging with our fellow stockholders moving forward, and we are hopeful we can reach a reasonable resolution without the need for another election contest.",
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      "text": "It is now unfortunately clear that stockholders must take action to ensure that real change is made in order to safeguard ourselves against further value destruction. It is clear to us that the newly appointed directors need more help, and that the majority incumbency of the Board still inexplicably supports a management team that has consistently failed us.",
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      "text": "Sincerely,",
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      "text": "It is our continuing hope that another election contest will not be necessary. We believe the overwhelming preponderance of evidence would lead any reasonable and rational group of fiduciaries to conclude that the Company needs a change in leadership. We are open to engaging constructively to ensure additional highly qualified independent directors are placed on the Board in order to oversee an expeditious leadership transition to a new CEO who can oversee a well-formulated turnaround of the business and explore any and all opportunities to maximize value for stockholders.",
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