Engine Capital and 2717 Partners Reach Agreement with Weave Communications for Strategic Board Refresh, Adding Three New Directors

Yahoo! Finance, Stock Titan, Investing.com and TipRanks reported on the cooperation agreement between Olshan clients Engine Capital and 2717 Partners and Weave Communications, Inc. (NYSE: WEAV), a leading vertical SaaS platform that delivers AI-powered patient engagement and payment solutions for small and medium-sized healthcare practices, pursuant to which the company will appoint two new independent directors, Ryan Dubin and Edward Robson, to its board of directors effective immediately. The board will form a new Finance Committee, which will include Mr. Dubin and Mr. Robson, to support long-term shareholder value. Mr. Dubin will serve on the Audit and Finance Committees, and Mr. Robson will serve on the Nominating and Governance and Finance Committees. In accordance with the cooperation agreement, the board will promptly begin a search for a third independent director with executive-level software operating experience, who will be appointed as a Class II director once identified. Olshan Co-Managing Partner and Chair of the firm’s Shareholder Activism Practice Andrew Freedman and Shareholder Activism associate Nikoleta Holevas represented Engine Capital and 2717 Partners in connection with their investment in Weave Communications.