SeaChange says Starboad's Peter Feld resigned from board SeaChange annouced late Friday that effective January 25, Peter Feld of Starboard Value has resigned from its board of directors. Feld’s resignation brings the number of directors serving on the SeaChange board to six. At this time, the company does not intend to fill the vacancy created as a result of Feld’s resignation. Starboard owns an 8.9% stake in SeaChange.
SeaChange leadership change signals company on track, says Brean Capital Brean Capital said the SeaChange leadership change signals the company is emerging from difficult times. The firm believes the infusion and insertion software is the heart of the company's growth prospects and will drive shareholder value. Brean Capital reiterates its Buy rating and $11 price target on SeaChange shares.
SeaChange appoints Jay Samit as CEO SeaChange announced that the board has unanimously appointed Jay Samit as CEO effective immediately. Samit will also become a member of the Board. Samit succeeds SeaChange's current CEO Raghu Rau. Samit was most recently president at ooVoo.