Legion Partners Reaches Agreement with Momentive Global for Board Representation and Governance Improvements

Olshan client Legion Partners reached an agreement with Momentive Global, Inc., maker of SurveyMonkey. Pursuant to the agreement, Sagar Gupta was appointed to the Momentive Board of Directors, and he will serve as a member of the Board’s Strategic Committee, which will continue to oversee and direct the Company’s strategic review. In addition, the Company has agreed to present proposals at its 2022 annual meeting to declassify the Board and adopt a majority voting standard and director resignation policy in uncontested director elections. Ian Engoron represented Legion Partners in connection with its investment in Momentive.