Engaged Capital’s Agreement with Quotient Technology

Olshan Frome Wolosky represented Engaged Capital, while Sidley Austin represented Quotient Technology.

Quotient Technology Inc. (NYSE: QUOT), the leading digital media and promotions technology company, has entered into a cooperation agreement with Engaged Capital, LLC.

As part of the cooperation agreement, the Company appointed Matthew O’Grady as a Class II director and Joseph Reece as a Class III director to its Board of Directors. Mr. O’Grady was also named Lead Independent Director upon his appointment to the Board. The recently formed Strategic Board Committee has been reconstituted to comprise Mr. Reece, Mr. O’Grady and incumbent independent directors Alison Hawkins and Jody Gessow.

Additionally, the Quotient Board has determined to seek shareholder approval at its upcoming 2022 Annual Meeting for the declassification of the Board. If the approval is obtained, the Board will begin the de-staggering process at this year’s annual meeting and would be de-staggered fully in 2024.

Quotient’s omnichannel platform is powered by exclusive consumer spending data, location intelligence and purchase intent data to reach millions of shoppers daily and deliver measurable, incremental sales.

Engaged Capital, LLC (“Engaged Capital”) is an investment advisor with a private equity-like investing style in the U.S. public equity markets. Engaged Capital seeks to help build sustainable businesses that create long-term stockholder value by engaging with and bringing an owner’s perspective to the managements and boards of undervalued public companies and working with them to unlock the embedded value within their businesses.

The Olshan team included Steve Wolosky (Picture), Ryan Nebel, Ian Engoron and Nikoleta Jaupi.

Involved fees earner: Ian Engoron – Olshan Frome Wolosky; Nikoleta Jaupi – Olshan Frome Wolosky; Ryan Nebel – Olshan Frome Wolosky; Steve Wolosky – Olshan Frome Wolosky;

Law Firms: Olshan Frome Wolosky;

Clients: Quotient Technology;