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-0.00191669393670234 -0.00191669393670234 4.67486326025867E-05 -0.00191669393670234 -0.00182319667149729 -0.000750783039596036 -0.00182319667149729 0.00139123930625037
Stock impact report

Zscaler investors fire warning shot at management with board declassification vote [Yahoo! Finance]

Zscaler, Inc. (ZS) 
Last zscaler, inc. earnings: 2/20 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
shot to management by voting to declassify the company's board — a move that could eventually make the cybersecurity firm more vulnerable to activist pressure or a sale. The company disclosed the results of its annual meeting in a filing after the close on Thursday. The proposal is non-binding, but if implemented would dismantle the board's staggered structure. The vote passed even though Zscaler founder and CEO Jay Chaudhry and other insiders control a significant portion of the company's voting power, and despite the company actively lobbying shareholders to oppose the measure. Currently, Zscaler has nine directors serving staggered three-year terms, with three seats up for election each year. If the company follows through with the proposal, all nine directors would eventually stand for re-election annually. Zscaler said in the filing that any transition to a declassified board could be phased in over time. So far, no activist investor is said to be involved with the compan Show less Read more
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