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Cognyte Software Ltd. Announces Strategic Board Changes in February 2025

$CGNT
Form 6-K
Filed on: 2025-02-18
Source
Cognyte Software Ltd. Announces Strategic Board Changes in February 2025

Here are the key insights and important information extracted from the financial report (Form 6-K) of Cognyte Software Ltd. for February 2025:

  1. Company and Filing Details:
  • Company Name: Cognyte Software Ltd.
  • Filing Type: Form 6-K
  • Filing Date: February 18, 2025
  • Commission File Number: 001-39829
  • Address: 33 Maskit, Herzliya Pituach, 4673333, Israel.
  1. Board Changes:
  • The company announced the appointment of two new board members:
    • Mr. Matthew O’Neill:
    • Effective from March 1, 2025.
    • Formerly served as the Deputy Special Agent in Charge of Cyber Operations at the United States Secret Service until December 2023.
    • His expertise includes global cyber investigative strategies and dismantling transnational criminal networks.
    • Co-Founder and Partner at 5OH Consulting LLC.
    • Ms. Nurit Benjamini:
    • Effective from March 31, 2025.
    • Current role as Partner and CFO at F2 Venture Capital.
    • Over 20 years of experience as a CFO in leading software companies, including CrazyLabs Ltd. and Wix.
    • Holds degrees in economics and business, and an MBA in finance.
  1. Departure from Board:
  • Mr. Richard Nottenburg will step down from the Board effective March 31, 2025.
  • His resignation aligns with personal goals and is not due to any disagreements regarding the company’s business or operations.
  1. Purpose of Changes:
  • The appointments aim to strengthen the board's expertise and drive growth within the company.
  1. Additional Information:
  • The announcement included a press release, titled “Cognyte Elects Two New Board Members to Strengthen Expertise and Drive Growth,” which is included as Exhibit 99.1 in the filing.
  • The information included is incorporated by reference into the company's registration statements on Form S-8.

This report indicates strategic board changes aimed at enhancing governance and expertise within Cognyte Software Ltd., which may have implications for the company's operational direction and growth prospects.