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Editor’s Note: Related press release by j2 Global is found here: http://bit.ly/1zCIK2d
BOSTON, MA – March 2, 2015 — /BackupReview.info/ — Carbonite, Inc. (Nasdaq:CARB), a leading provider of cloud and hybrid backup and recovery solutions for businesses, today confirmed that it has received notice from Engine Capital, L.P. of its nomination of three candidates for election to the Carbonite Board of Directors at its 2015 Annual Meeting.
In addition, j2 Global, Inc. has announced that it intends to nominate candidates for election to the Carbonite Board of Directors at its 2015 Annual Meeting. Carbonite’s Board of Directors has eight members, and a class of three directors will stand for election at the 2015 Annual Meeting.
The Nominating and Corporate Governance Committee of the Board will review j2′s and Engine Capital’s candidates, and the Board will make a recommendation that it believes is in the best interests of all of its stockholders.
Mohamad Ali, President and Chief Executive Officer, said, “Carbonite has a strong brand built on a proven foundation of best-in-class products and is executing on a well-defined strategic plan focused on expanding our channel presence in the U.S., broadening our operations internationally and continuing to bring new products to market. We have an outstanding platform in place and are confident in our future prospects. At the same time, as previously announced, the Carbonite Board is in the process of exploring strategic alternatives, including a potential sale of the Company and/or potential material acquisitions, in order to maximize stockholder value.”
Noting that Carbonite has strengthened its Board with the addition of two new, independent directors over the last two years, Ali added, “Carbonite has a strong, independent and experienced Board that is committed to acting in the best interests of all stockholders. Moreover, consistent with best practice corporate governance, the Nominating and Corporate Governance Committee regularly reviews Board composition to ensure stockholders are represented by high-quality directors with relevant experience.”
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Source: Carbonite, Inc.
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