This Amendment hereby amends and supplements Item 4 of the Schedule 13D by inserting the following:
On April 18, 2025, WCA submitted to the Issuer a conditional withdrawal of its notice of intent to nominate two candidates for election to the Board at the Issuer's 2025 annual meeting of stockholders (the "Conditional Withdrawal"). The Conditional Withdrawal became effective on the same day, following the Issuer's issuance of a press release announcing its intention to appoint a new independent director to its Board prior to the end of 2025. The Conditional Withdrawal followed discussions held between WCA and the Issuer, and was in connection with a number of actions announced by the Issuer regarding Board refreshment and future strategy.
The Reporting Persons intend to review their investments in the Issuer on a continuing basis. Depending on various factors, including, without limitation, the Issuer's financial position and strategic direction, the outcome of the discussions and matters referenced above, actions taken by the Issuer's management or Board, price levels of the Common Stock, liquidity requirements and other investment opportunities available to the Reporting Persons, conditions in the securities market and general economic and industry conditions, the Reporting Persons may in the future take actions with respect to their investment position in the Issuer as they deem appropriate, including, without limitation, purchasing additional shares of Common Stock or other instruments that are based upon or relate to the value of the Common Stock or the Issuer in the open market or otherwise, selling some or all of the securities reported herein, and/or engaging in hedging or similar transactions with respect to the shares of Common Stock. |
This Amendment hereby amends and supplements Item 4 of the Schedule 13D by inserting the following:
On April 18, 2025, WCA submitted to the Issuer a conditional withdrawal of its notice of intent to nominate two candidates for election to the Board at the Issuer's 2025 annual meeting of stockholders (the "Conditional Withdrawal"). The Conditional Withdrawal became effective on the same day, following the Issuer's issuance of a press release announcing its intention to appoint a new independent director to its Board prior to the end of 2025. The Conditional Withdrawal followed discussions held between WCA and the Issuer, and was in connection with a number of actions announced by the Issuer regarding Board refreshment and future strategy.
The Reporting Persons intend to review their investments in the Issuer on a continuing basis. Depending on various factors, including, without limitation, the Issuer's financial position and strategic direction, the outcome of the discussions and matters referenced above, actions taken by the Issuer's management or Board, price levels of the Common Stock, liquidity requirements and other investment opportunities available to the Reporting Persons, conditions in the securities market and general economic and industry conditions, the Reporting Persons may in the future take actions with respect to their investment position in the Issuer as they deem appropriate, including, without limitation, purchasing additional shares of Common Stock or other instruments that are based upon or relate to the value of the Common Stock or the Issuer in the open market or otherwise, selling some or all of the securities reported herein, and/or engaging in hedging or similar transactions with respect to the shares of Common Stock. |