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Posted 12 July, 2023

LIVEPERSON INC appointed new CEO

CEO Change detected for ticker Nasdaq:LPSN in a 8-K filed on 12 July, 2023.


  In addition, Mr. LoCascio agreed to resign from the Board of Directors (the "Board") concurrent with his departure as Chief Executive Officer.  

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Overview of LIVEPERSON INC
Technology • Software
LivePerson, Inc. engages in the provision of mobile and online messaging solutions through Conversational Artificial Intelligence. Conversational AI allows humans and machines to interact using natural language, including speech or text. It operates through the following geographical segments: United States, Germany, Israel, Australia, and Netherlands. The company was founded by Robert P. LoCascio on November 29, 1995 and is headquartered in New York, NY.
Market Cap
$89.0M
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LIVEPERSON INC by TradingView
Relevant filing section
ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 


On July 10, 2023, LivePerson, Inc. (the "Company") and Robert P. LoCascio entered into a letter agreement (the "Agreement"). Pursuant to the terms of the Agreement, the Company delivered notice to Mr. LoCascio that the term of his employment agreement with the Company will not be renewed upon the conclusion of its current term on December 31, 2023. In addition, Mr. LoCascio agreed to resign from the Board of Directors (the "Board") concurrent with his departure as Chief Executive Officer. Mr. LoCascio also resigned as Chairman of the Board and the Board has appointed Jill Layfield as Chair of the Board, effective July 10, 2023. Due to the Board's determination not to renew the term of Mr. LoCascio's employment agreement, Mr. LoCascio will be entitled to certain payments upon the conclusion of the current term of employment, as described in the Company's Amendment No. 1 to its Annual Report for the Fiscal Year Ended December 31, 2022 filed on Form 10-K/A, dated May 1, 2023.


The foregoing description of the Agreement is qualified in its entirety by reference to the full text of the agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference herein.


On July 12, 2023, the Company issued a press release discussing the foregoing matters. A copy of the Company's press release is attached hereto as Exhibit 99.1.