Rapid7 backs JANA nominee Kevin Galligan for board in settlement ahead of annual meeting

Reuters03-31

Rapid7 backs JANA nominee Kevin Galligan for board in settlement ahead of annual meeting

Rapid7 struck nomination and support deal with activist investor JANA Partners ahead of 2026 annual shareholder meeting.
Agreement adds JANA nominee Kevin Galligan to Rapid7 board slate.
Rapid7 will recommend, support, solicit proxies for Galligan on terms matching other board nominees.
JANA agreed to vote its shares for Rapid7 slate at 2026 meeting, including Galligan.
Deal caps JANA ownership at 19.9% without board consent, running until earlier of 30 days before 2027 advance notice window or Jan. 8, 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rapid7 Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-131752), on March 30, 2026, and is solely responsible for the information contained therein.

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