Nuance Announces Corporate Governance Enhancement by Adopting Provision for Shareholders to Call Special Meeting
Burlington, MA – November 9, 2018 – Nuance Communications, Inc. (NASDAQ: NUAN) today announced that its Board of Directors has adopted amendments to the Company’s Bylaws that allow shareholders holding at least 20 percent of shares of Nuance common stock outstanding to call a special meeting of shareholders. The threshold was informed by a recent shareholder outreach program conducted by the Company’s chairman of the Board and Compensation Committee chairman.
“In the past two months, we have had interactions with nearly 50% of our holders, all designed to better understand their views on our governance and compensation practices, in keeping with the Company’s commitment to improve its shareholder engagement,” said Lloyd Carney, chairman of the Board of Nuance. “We will continue this outreach, which has been a highly beneficial learning process for our Board, and we appreciate the candid feedback and input that these discussions provided, as they helped shape the provisions of this amendment.”
About Nuance Communications, Inc.
Nuance Communications, Inc. (NASDAQ: NUAN) is the pioneer and leader in conversational AI innovations that bring intelligence to everyday work and life. The Company delivers solutions that can understand, analyze and respond to human language to increase productivity and amplify human intelligence. With decades of domain and artificial intelligence expertise, Nuance works with thousands of organizations – in global industries that include healthcare, telecommunications, automotive, financial services, and retail – to create stronger relationships and better experiences for their customers and workforce. For more information, please visit www.nuance.com.
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Nuance Communications, Inc.