Exclusive: Yelp averts board challenge as SQN endorses changes

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Go back to Exclusive: Yelp averts board challenge as SQN endorses changes

Yelp (YELP) Board Receives Public Letter from 4% Shareholder, SQN Investors LP; 'We Are Prepared to Support Newly Refreshed Board'

March 7, 2019 9:05 AM EST

SQN Investors LP, a technology-focused investment firm with over $1.1 billion under management and the beneficial owner of more than 4% of the outstanding common stock of Yelp, Inc. (NYSE: YELP), today issued a public letter to the Yelp Board of Directors (the Board).

March 7, 2019

The Board of Directors
Yelp Inc.
140 New Montgomery Street
San Francisco, California 94105
Attn: Chairperson Diane M. Irvine

Dear Members of the Board,

We are pleased that the announcements Yelp Inc. (Yelp or the Company) made on its earnings call on February 13, 2019, along with the other materials... More