Lazarus Investment Partners reports 28.3% stake in Authentidate

theflyonthewall.com

Lazarus Partners intends to stay in ongoing dialogue with Authentidate regarding the composition of its Board of Directors and management, and may advocate for certain changes in its Board of Directors and management. Lazarus Partners may also nominate an individual to serve on the Board of Directors of Authentidate, pursuant to the Board Nomination and Observer Agreement dated September 25, 2012 between it and the company, as amended. Lazarus Partners also intends to stay in ongoing dialogue with Authentidate regarding alternate transactions and methods in which Lazarus Partners may participate intending to strengthen the capitalization of the company.

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