Nuance Announces Adopting Provision for Shareholders
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BURLINGTON, Mass., 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.”
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