JANA Notifies Rapid7, Inc (RPD) of Kevin Galligan’s Board Appointment
Market Cap: $1.9 billion| Rapid7, Inc. provides cybersecurity solutions under the Rapid7, Nexpose, and Metasploit brand names.
On September 27, 2024, JANA Partners and Cannae Holdings disclosed 6.4% and stated that they had engaged in constructive discussions with the Board and management regarding operational challenges, management and compensation issues, corporate governance, evaluating the potential sale of the company. Source
On March 11, 2025, JANA (5.8%) entered into Nominee Agreements with each of Michael Joseph Burns and Chad Kinzelberg pursuant to which each Nominee has agreed, upon the election of JANA, to become members of a slate of nominees and to stand for election as directors of the company at the 2025 Annual Meeting. Source
On March 21, 2025, JANA entered into a cooperation agreement with the company pursuant to which Kevin Galligan, a Partner and Director of Research at JANA, Michael Burns and Wael Mohamed will be appointed to the Board.
On April 20, 2025, under the Cooperation Agreement, JANA notified the company to appoint Kevin Galligan to the Board effective April 22, 2025. Source
Member discussion