Ciber Agrees to Board Changes after pressure from Olshan Client Lone Star Value
After appointing three new directors earlier this month, Ciber Inc. made further changes to its Board composition by adding a fourth new, independent director and including Lone Star Value’s representative, Rick Coleman, on its director slate. Rick Coleman first joined the Board last year pursuant to an agreement between Lone Star Value and Ciber. In connection with the announced Board changes, Lone Star Value and Ciber issued a joint statement and Lone Star Value terminated its campaign to seek further Board changes. Steve Wolosky and Ryan Nebel represent Lone Star Value in connection with its investment in Ciber.