In my opinion, this stock has been a loser turnaround story since Jon took over. Its been straight down for almost 6 years. It'll never turnaround till Jon is kicked out. Is he worth almost $1 million a year for doing nothing but losing shareholder value?
New agreement with shareholder NBCU (NBC Universal, owns 7.1M shares) that provides NBCU certain rights including the ability to nominate a director and be an observer of various committees of the BOD as long as they hold greater than a 5% position in the Company. This updated agreement replaces a 2009 agreement that also had GE as party given their previous 3.5M share position. Since GE has sold its stake in EVLV as part of its GE Capital portfolio sale to PE firm Ardian (which closed last Friday), a new agreement needed to be drafted to reflect the change.