Company: LPSN
Filing Date: 2025-10-08
Form Type: 8-K
Source: 0001102993-25-000171
Chunk: 1

Company: LIVEPERSON INC
Filing Date: 2025-10-08
Form: 8-K
Item: Item 5.03
Chunk 1
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Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

Reverse Stock Split

As previously reported, at a Special Meeting of Stockholders of LivePerson, Inc. (“ LivePerson,” the “ Company,” “we” or “us”) on October 2, 2025 (the “ Special Meeting”), the Company’s stockholders approved a proposal to approve an amendment to the Company’s Fourth Amended and Restated Certificate of Incorporation, as amended, (i) to effect a reverse stock split of the Company’s common stock, par value $0.001 per share, subject to the Board of Directors’ discretion, at a ratio of not less than 1-for-5 and not greater than 1-for-20, with the exact ratio to be set within that range at the discretion of the Board of Directors, without further approval or authorization of the stockholders, prior to the one-year anniversary of the date on which the reverse stock split is approved by the Company’s stockholders at the Special Meeting and (ii) if and when the reverse stock split is effected, to decrease the number of authorized shares of the Company’s common stock in the same ratio as is selected for the reverse stock split.

Following the Special Meeting, the Board approved a reverse stock split (the “ Reverse Stock Split”) at a ratio of 1-for-15 (the “ Reverse Stock Split Ratio”) and a corresponding reduction in the number of authorized shares of common stock (the “ Authorized Share Reduction”).

On October 13, 2025, the Company plans to file a Certificate of Amendment No. 3 to the Company’s certificate of incorporation (the “ Certificate of Amendment”) with the Secretary of State of the State of Delaware, as a result of which the Reverse Stock Split and the Authorized Share Reduction are expected to be effected prior to market open on October 13, 2025 (the “ Effective Time”).

The foregoing description of the Certificate of Amendment does not purport to be complete and is qualified in its entirety by reference to the complete text of the form of the Certificate of Amendment, a copy of which is attached hereto as Exhibit 3.1 and is incorporated herein by reference.

Split Adjustment; Treatment of Fractional Shares

At the Effective Time, every 15 shares of issued and outstanding common stock will be automatically reclassified and combined into one share of common stock. In addition, the number of authorized shares of common stock will be proportionately reduced, resulting in a decrease from