Weave Communications adds two directors in cooperation deal
Weave Communications Inc. (NYSE: WEAV) appointed Edward Robson and Ryan Dubin as independent directors to its board, effective immediately, as part of a cooperation agreement with Engine Capital L.P. and 2717 Partners LP.
The healthcare software company will establish a Finance Committee to support shareholder value creation, chaired by David Silverman and including Tyler Newton along with the two new directors. Dubin will serve on the Audit and Finance Committees, while Robson will join the Nominating and Governance and Finance Committees.
Under the cooperation agreement, the board will search for a third independent director with executive-level software operating experience. The agreement includes standstill provisions, voting rights, and committee appointment arrangements that will be filed with the Securities and Exchange Commission.
Robson serves as Founder and Chief Investment Officer of 2717 Partners, an investment firm focused on public market value creation. He previously held senior investment roles at Siris Capital Group and The Riverside Company. Dubin works as a Director at Engine Capital, specializing in value-oriented investments, and previously worked in investment banking at Perella Weinberg Partners and Deutsche Bank.
"We appreciate the constructive and productive dialogue we have had with Engine Capital and 2717 Partners," said Brett White, Weave's Chief Executive Officer. "Our recent performance underscores the strength of our business model, reflected in consistent top-line growth, expanding margins, and disciplined cash generation."
Weave operates an AI-powered patient communications platform for small and medium-sized healthcare practices, serving nearly 40,000 customer locations. The company provides scheduling, insurance verification, and payment collection services integrated with practice management systems.
