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Stock Market & Financial Investment News

News Breaks
January 17, 2013
08:15 EDTJMBAJamba: International will continue to add new markets going forward
News For JMBA From The Last 14 Days
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January 15, 2015
14:34 EDTJMBAJamba could sell stores, buy back shares after ending proxy fight, The Deal says
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January 13, 2015
08:05 EDTJMBAJamba to appoint two new independent directors
Jamba announced that it has entered into an agreement to appoint James C. Pappas, Managing Member of JCP Investment Management, LLC, and Glenn W. Welling, Managing Member and Chief Investment Officer of Engaged Capital, LLC, to its Board of Directors, effective immediately, and that each will be included in Jamba’s slate of director nominees for election at the 2015 Annual Meeting of Stockholders. Jamba also agreed that one current member of the Board would not be re-nominated to stand for election at the 2015 Annual Meeting. With these changes, after the 2015 Annual Meeting the Jamba Board will comprise nine directors, eight of whom are independent. Under the terms of the agreement with Engaged Capital, LLC and certain of its affiliates, which beneficially own approximately 8.2% of the company’s outstanding shares, and JCP Investment Management, LLC and certain of its affiliates, which beneficially own approximately 2.3% of the company’s outstanding shares, JCP and Engaged Capital have agreed to vote their shares in favor of the election of the company’s slate of directors at the company’s 2015 Annual Meeting. In addition, JCP will, among other things, withdraw its nomination of candidates to stand for election at the company’s 2015 Annual Meeting and has agreed to customary standstill provisions through the date that is 45 days prior to the expiration of the company’s advance notice period for the nomination of directors at the company’s 2016 Annual Meeting of Stockholders.

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