USAT announced the integration of new mapping capabilities for route scheduling located inside of Seed logistics optimization software.
Hudson Executive Capital LP ("Hudson Executive"), a New York-based investment firm and the largest shareholder of USA Technologies, Inc. ("USAT" or the "Company") (OTC:USAT) with beneficial ownership of approximately 16.2% of USAT’s common stock, is today sending a letter to USAT shareholders urging them to protect their investment by voting the GOLD proxy card "FOR ALL" of Hudson Executive’s eight highly-qualified, independent director nominees – Lisa P. Baird, Douglas G. Bergeron, Douglas L. Braunstein, Jacob Lamm, Michael Passilla, Ellen Richey, Anne M. Smalling and Shannon Warren – in connection with the Company’s Annual Meeting of Shareholders to be held on April 30, 2020.
USA Technologies, Inc. (OTC:USAT) ("USAT" or the "Company"), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, today sent a letter to its shareholders in connection with the Company’s upcoming 2020 Annual Meeting of Shareholders, scheduled for April 30, 2020.
Hudson Executive Capital LP ("Hudson Executive"), a New York-based investment firm and the largest shareholder of USA Technologies, Inc. ("USAT" or the "Company") (OTC:USAT) with beneficial ownership of approximately 16.2% of USAT’s common stock, today issued the following statement in response to USAT’s proxy materials filed on March 24, 2020.
USA Technologies, Inc. (OTC:USAT) ("USAT" or the "Company"), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, today issued a statement in response to reports issued by Institutional Shareholder Services Inc. (ISS) and Glass, Lewis & Co. ("Glass Lewis") regarding the Company’s 2020 Annual Meeting of Shareholders scheduled to be held be held at 9:30 a.m., Eastern Time, on April 30, 2020.
USA Technologies, Inc. (OTC:USAT) ("USAT" or the "Company"), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, today announced that it had entered into an agreement with Hudson Executive Capital LP ("Hudson Executive"), a New York-based investment firm and the largest shareholder of the Company.
Hudson Executive Capital LP ("Hudson Executive"), a New York-based investment firm and the largest shareholder of USA Technologies, Inc. ("USAT" or the "Company") (OTC:USAT) with beneficial ownership of approximately 16.2% of USAT’s common stock, today sent a letter to USAT’s legal counsel in response to the Company’s latest tactic of harassing Hudson Executive with numerous requests for immaterial supplemental information about its proxy solicitation. This tactic is part of an ongoing campaign by the Company’s current Board of Directors to entrench itself by impeding the fair and democratic election of directors at USAT’s Annual Meeting of Shareholders to be held on April 30, 2020.
Hudson Executive Capital LP ("Hudson Executive"), a New York-based investment firm and the largest shareholder of USA Technologies, Inc. ("USAT" or the "Company") (OTC:USAT) with beneficial ownership of approximately 16.2% of USAT’s common stock, today issued the following statement in response to USAT’s appointment of Donald W. Layden, Jr. as Chief Executive Officer and President of the Company and slate of nominees for the annual shareholders meeting to be held on April 30, 2020.
USA Technologies' Board of Directors has appointed fintech industry veteran, Sean Feeney, as CEO
Hudson Executive Capital LP ("Hudson Executive"), a New York-based investment firm and the largest shareholder of USA Technologies, Inc. ("USAT" or the "Company") (OTC:USAT) with beneficial ownership of approximately 16.2% of USAT’s common stock, today filed an in-depth investor presentation with the Securities and Exchange Commission highlighting the case for long-overdue change at the Company and urging shareholders to protect their investment by voting the GOLD proxy card "FOR ALL" of its highly-qualified director candidates in connection with the USAT Annual Meeting of Shareholders to be held on April 30, 2020.
USA Technologies, Inc. (OTC:USAT) ("USAT" or the "Company"), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, today announced that due to the public health impact of the coronavirus outbreak (COVID-19), and to support the health and safety of the Company’s employees, directors and shareholders, its 2020 Annual Meeting of Shareholders (the "Annual Meeting") will be conducted in a virtual-only format.
USA Technologies announces executive management salary reductions, as well as CEO inducement grant under Nasdaq Listing Rule 5635(c)(4)
USA Technologies, Inc. (OTC:USAT) ("USAT" or the "Company"), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, today announced that the 2020 annual meeting of shareholders (the "Annual Meeting") originally scheduled to be held on Thursday, April 30, 2020, has been postponed in order to allow time for the Company to update and distribute proxy materials that incorporate the terms of the previously announced agreement with Hudson Executive Capital. The Company is nominating Lisa P. Baird, Douglas G. Bergeron, Douglas L. Braunstein, Jacob Lamm, Donald W. Layden, Jr., Patricia A. Oelrich, Michael K. Passilla, Ellen Richey, Anne M. Smalling and Shannon S. Warren for election at the Annual Meeting.
Hudson Executive Capital LP ("Hudson Executive"), a New York-based investment firm and the largest shareholder of USA Technologies, Inc. ("USAT" or the "Company") (OTC:USAT) with beneficial ownership of approximately 16.2% of USAT’s common stock, today announced that Institutional Shareholder Services Inc. ("ISS") and Glass, Lewis & Co., LLC ("Glass Lewis"), the nation’s leading independent proxy advisory firms, have recommended that USA Technologies shareholders vote the GOLD proxy card "FOR" the election of Hudson Executive’s highly-qualified, independent director nominees in connection with the Company’s Annual Meeting of Shareholders to be held April 30, 2020.
USA Technologies, Inc. (OTC:USAT) ("USAT" or the "Company"), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, today issued a statement in response to activist shareholder Hudson Executive Capital LP’s ("HEC") filing of an "emergency" petition in Court alleging that USAT does not intend to hold its Annual Meeting of Shareholders ("Annual Meeting") by April 30, 2020. The petition was made just three days after USAT stated in its Definitive Proxy Statement ("Definitive Proxy") filed with the Securities and Exchange Commission that its Annual Meeting will be held on April 30, 2020.
The following letter was issued to the board of directors of USA Technologies by shareholder Kurt King, calling out egregious corporate governance actions in advance of the company's annual meeting on April 30.
USAT successfully holds its first ever virtual Unattended Retail Summit.
USA Technologies, Inc. (OTC:USAT) ("USAT" or the "Company"), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, today announced that Douglas Bergeron, Managing Partner of Hudson Executive Capital, has been named Chairman of the Board of Directors, effective immediately.
USA Technologies, Inc. (OTC:USAT) ("USAT" or the "Company"), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, today announced that it has filed an investor presentation in connection with its 2020 Annual Meeting of Shareholders. The USAT Board of Directors strongly recommends that USAT shareholders protect the value of their investment by voting on the WHITE proxy card "FOR" USAT’s director nominees.
USA Technologies, Inc. (OTC:USAT) ("USAT" or the "Company"), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, today filed its preliminary proxy statement with the U.S. Securities and Exchange Commission in connection with the Company’s Annual Meeting of Shareholders (the "Annual Meeting") which is scheduled to be held on April 30, 2020.