other material
confidence high
sentiment neutral
materiality 0.55
Rapid7 agrees with JANA Partners to nominate Kevin Galligan to board, caps JANA ownership at 19.9%
Rapid7, Inc.
- Kevin Galligan added to Rapid7 board slate for 2026 annual meeting; company will support his election.
- JANA Partners agrees to vote for all 11 board nominees including Galligan, Corey Thomas, Marc Brown, Judy Bruner, Mike Burns, Ben Holzman, Wael Mohamed, Ben Nye, Tom Schodorf, Reeny Sondhi.
- JANA ownership capped at 19.9% of outstanding common stock without prior board consent; acquisition up to that threshold approved under DGCL Section 203.
- Agreement effective through early January 2027 or 30 days before 2027 annual meeting advance notice period.