News & Resources

Olshan Client Potrero Capital Reaches Agreement with Datawatch Corporation for Board Seat

April 22, 2016

Reuters and Sonoran Weekly Review reported that Olshan client Potrero Capital Research LLC entered into an agreement with Datawatch Corporation, pursuant to which Datawatch agreed to appoint Charles M. Gillman to its Board of Directors, effective immediately. Mr. Gillman is the Executive Managing Director of the IDWR Multi-Family Investment Office and would look to bring a new perspective to the Board in order to expertly take advantage of opportunities to drive shareholder value. The settlement agreement comes on the heels of a resounding withhold vote from the election of Datawatch incumbent directors following a withhold campaign by Potrero Capital. Three directors targeted by Potrero Capital and a fourth additional incumbent received more than 40% withhold vote with respect to their reelection. Steve Wolosky, Aneliya S. Crawford and Ryan P. Nebel represent Potrero Capital in connection with its investment in Datawatch.