Engaged Capital Reaches Additional Agreement with Quotient Technology to Refresh Board

Olshan client Engaged Capital entered into a second cooperation agreement with Quotient Technology pursuant to which two new directors will join the company’s board of directors and five incumbent directors will depart the board at the upcoming 2023 annual meeting. Last year Engaged Capital reached an agreement with Quotient that provided for the addition of two new directors, the ousting of the company’s CEO and the declassification of the board. Following the 2023 annual meeting, four of the seven directors on the board will have been added in connection with settlement agreements between the parties. Ryan Nebel and Ian Engoron represent Engaged Capital in connection with its investment in Quotient Technology.