Cadian Capital Management Sends Letter to Comverse Technology (CMVT) Shareholders to Vote Against Three Directors at Annual Meeting
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Cadian Capital Management, LLC issued the following letter today to the shareholders of Comverse Technology, Inc. (NASDAQ: CMVT) urging shareholders to join with Cadian in voting "AGAINST" directors Raz Alon, Joseph O'Donnell and Theodore H. Schell at Comverse's annual meeting of shareholders scheduled to be held on November 16, 2011:
PLEASE DO NOT RETURN ANY PROXY MATERIALS TO COMVERSE TECHNOLOGY, INC. UNTIL YOU READ THIS LETTER.
YOUR VOTE IS MORE IMPORTANT THIS YEAR THAN EVER BEFORE.
CADIAN CAPITAL MANAGEMENT, LLC PLANS TO VOTE "AGAINST" THREE OF THE EIGHT DIRECTORS UP FOR RE-ELECTION THIS YEAR (MESSRS. ALON, O'DONNELL AND SCHELL).
PLEASE JOIN US BY ALSO VOTING "AGAINST" ON YOUR PROXY.
October 17, 2011
Dear Fellow Shareholders of Comverse Technology, Inc.:
The Annual Meeting of Shareholders of Comverse Technology, Inc. (the "Company") is scheduled for November 16, 2011. You may have already received, or will soon receive, proxy materials directly from the Company. Eight incumbent directors are up for re-election at the Annual Meeting.
Cadian Capital Management, LLC, together with the other members of the Cadian Capital Group listed below, collectively beneficially own approximately 4.18% of the Company's outstanding shares of common stock. THE CADIAN CAPITAL GROUP PLANS TO VOTE "AGAINST" DIRECTORS RAZ ALON, JOSEPH O'DONNELL AND THEODORE H. SCHELL, IN PART FOR THE REASONS OUTLINED BELOW, AND URGES SHAREHOLDERS TO JOIN WITH US IN THIS EFFORT.
PLEASE DO NOT RETURN ANY PROXY MATERIALS TO COMVERSE TECHNOLOGY, INC. UNTIL YOU READ THIS LETTER.
YOUR VOTE IS MORE IMPORTANT THIS YEAR THAN EVER BEFORE.
CADIAN CAPITAL MANAGEMENT, LLC PLANS TO VOTE "AGAINST" THREE OF THE EIGHT DIRECTORS UP FOR RE-ELECTION THIS YEAR (MESSRS. ALON, O'DONNELL AND SCHELL).
PLEASE JOIN US BY ALSO VOTING "AGAINST" ON YOUR PROXY.
October 17, 2011
Dear Fellow Shareholders of Comverse Technology, Inc.:
The Annual Meeting of Shareholders of Comverse Technology, Inc. (the "Company") is scheduled for November 16, 2011. You may have already received, or will soon receive, proxy materials directly from the Company. Eight incumbent directors are up for re-election at the Annual Meeting.
Cadian Capital Management, LLC, together with the other members of the Cadian Capital Group listed below, collectively beneficially own approximately 4.18% of the Company's outstanding shares of common stock. THE CADIAN CAPITAL GROUP PLANS TO VOTE "AGAINST" DIRECTORS RAZ ALON, JOSEPH O'DONNELL AND THEODORE H. SCHELL, IN PART FOR THE REASONS OUTLINED BELOW, AND URGES SHAREHOLDERS TO JOIN WITH US IN THIS EFFORT.
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