Concentrix receives demand letters over Webhelp proxy; amends deal structure with restricted shares

Concentrix Corp

Seven stockholder demand letters allege proxy omitted material info on transaction; company says demands are without merit.
Amendment to acquisition agreement adds vendor notes for OD Sellers and Jousset, and restricted shares in lieu of earnout shares for certain sellers.
Restricted shares subject to same $170/share price trigger and 7-year period as earnout shares; max 100,000 restricted shares issuable.
GBL Sellers, Jousset, and OD Sellers elect to keep earnout shares; other sellers may choose restricted shares.
Total consideration unchanged: €500M cash, €700M seller's note, 14.86M new shares, and vendor loans.

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