---
schema_version: "secwatch.filing_event.v1"
accession: "0001102993-24-000019"
form_type: "8-K"
ticker: "LPSN"
cik: "0001102993"
company_name: "LIVEPERSON INC"
filed_at: "2024-01-22T23:59:59+00:00"
generated_at: "2026-06-06T20:28:40.870632+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# LivePerson adopts poison pill to protect $400M+ NOLs after stockholder accumulates >10% stake

## Summary
- Cumulative NOLs exceed $400M as of Dec 31, 2023; plan aims to preserve these tax assets.
- Plan triggered by a stockholder accumulating >10% of common stock, increasing risk of Section 382 ownership change.
- One right dividend per share; restricts beneficial ownership to <4.9% without board approval.
- Rights expire Jan 21, 2027, or earlier if not ratified at 2024 annual meeting (then Jan 21, 2025).
- Existing holders >4.9% grandfathered but cannot acquire additional shares without board approval.

## SEC filing metadata
- accession: 0001102993-24-000019
- form_type: 8-K
- ticker: LPSN
- cik: 0001102993
- company_name: LIVEPERSON INC
- filed_at: 2024-01-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1102993/000110299324000019/0001102993-24-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1102993/000110299324000019/lpsn-20240122.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001102993-24-000019
- JSON: https://secwatch.observer/filing/0001102993-24-000019.json
- Plain text: https://secwatch.observer/filing/0001102993-24-000019.txt

## Key facts
- Governance Changes
  LIVEPERSON INC: Filed Certificate of Designations for Series A Junior Participating Preferred Stock in connection with Tax Benefits Preservation Plan (effective 2024-01-22).
  - Change: charter amendment
  - Effective: 2024-01-22
  source text: In connection with the adoption of the Tax Benefits Preservation Plan described in Item 3.03 of this Current Report, the Board approved a Certificate of Designations of Series A Junior Participating Preferred Stock, which designates the rights, preferences and privileges of 200,000 shares of a series of the Company's preferred stock, par value $0.001 per share, designated as Series A Junior Participating Preferred Stock.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1102993/000110299324000019/0001102993-24-000019-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.