Harte Hanks Inc. Enters Cooperation Agreement with Major Shareholder Rosenbach, Establishing Voting and Standstill Provisions

Reuters
14 May
Harte Hanks Inc. Enters Cooperation Agreement with Major Shareholder Rosenbach, Establishing Voting and Standstill Provisions

Harte Hanks Inc., a Delaware-based corporation, has announced a new cooperation agreement with shareholders Gary S. Rosenbach and Susan Rosenbach. As of May 14, 2025, the Rosenbachs, who currently own approximately 2,118,635 shares of Harte Hanks' common stock, have agreed to abide by certain standstill provisions. These provisions include refraining from soliciting proxies, advising on voting or disposition of the company's securities, and acquiring additional shares. The agreement, valid until the conclusion of Harte Hanks' 2026 annual meeting, also requires the Rosenbachs to vote in line with the Board's recommendations, except in extraordinary transactions. The agreement will end if the Rosenbachs' holdings drop below 10% of the company's outstanding common stock.

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