Value Base (9.3% Holder) Pushes Cognyte Software (NASDAQ: CGNT) to Oust Chairman Shanks Over Governance and Compensation Failures

Value Base, the largest shareholder of Cognyte Software (CGNT) with a 9.3% stake, issued a presentation criticizing the company’s poor governance, lack of transparency, weak financial performance, and flawed CEO pay plan, which it says has destroyed shareholder value under Chairman Earl Shanks. It urged shareholders to vote against Shanks’ re-election and the CEO compensation package and for the election of Tal Yaacobi, Value Base’s managing partner, to bring stronger governance, better capital-markets communication, and shareholder alignment. The group argues that Yaacobi will act as a catalyst for board refreshment, improved incentives, and a strategic plan to unlock value.