DHI Group (DHX) Hires Evercore for Review of Strategic Alternatives

November 22, 2016 4:06 PM EST

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DHI Group, Inc. (NYSE: DHX) announced that the Company, with support of the Board of Directors, has retained Evercore as its financial advisor to explore strategic alternatives to ensure the Company's ownership structure optimizes the Company's ability to achieve its growth initiatives through its strategic plan and to maximize shareholder value. DHI previously announced its intention to explore strategic alternatives on November 1, 2016 in conjunction with the Company's third quarter financial results.

"We have worked with Jonathan Knee and the team at Evercore for over a decade and are pleased to continue that association," said Michael Durney, President and Chief Executive Officer of DHI Group, Inc. "Importantly, we remain enthusiastic about the Company's prospects and ability to enhance shareholder value under our new tech-focused strategy, regardless of the outcome of a strategic alternatives process."

Retaining an advisor is an important step in the strategic alternatives process, but there can be no assurance it will result in a transaction.

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