Engaged Capital Reaches Agreement with New Relic for Board Representation and Governance Improvements

Financial Times and other media sources reported on the agreement reached between Olshan client Engaged Capital and New Relic pursuant to which Radhakrishnan (RK) Mahendran was appointed to the company’s Board of Directors and an incumbent director resigned from the Board. As part of the agreement, New Relic also agreed to present a proposal to declassify its Board at the upcoming 2021 annual meeting. Steve Wolosky, Ryan Nebel, Ian Engoron and Nikoleta Jaupi represented Engaged Capital in connection with its agreement with New Relic.