other material
confidence high
sentiment neutral
materiality 0.60
Harte Hanks enters cooperation agreement with 28.7% holder Rosenbach; standstill and voting pact
HARTE HANKS INC
- Gary and Susan Rosenbach beneficially own 2,118,635 shares (~28.7% of Harte Hanks common stock).
- Rosenbach agrees to standstill: no proxy solicitation, share acquisitions, or group formation without Company consent.
- Rosenbach must vote shares in line with Board recommendations through 2026 annual meeting (except on Extraordinary Transactions).
- Mutual non-disparagement provisions apply during the standstill period.
- Agreement terminates when Rosenbach ownership falls below 10% or upon material uncured breach.