Activist Client Lone Star Value Obtains Board Representation at Ciber
The Wall Street Journal and other media sources reported on the settlement reached between Olshan activist client, Lone Star Value Management, and Ciber, a leading global information technology company. Lone Star Value will gain Board representation at Ciber with its director nominee being immediately appointed to the Board and to the Nominating and Corporate Governance Committee of the Board. Ciber also agreed to increase the size of its Board from nine to ten directors and committed to fill the newly created directorship with an independent candidate by September 30, 2014 at the latest. Steve Wolosky and Ryan Nebel represented Lone Star Value Management in connection with its activist campaign and settlement negotiations with Ciber.