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Stride said it entered into a cooperation agreement with Fivespan Partners and related parties. The agreement covers two new director appointments and formation of a capital allocation committee.
Stride said it will appoint Steven Guttentag and Dylan Haggart to its board this quarter and form a new capital allocation committee. The company also said it will enter a cooperation agreement with Fivespan Partners and later share a target capital structure and allocation framework.
Stride will appoint Steven Guttentag and Dylan Haggart to its board this quarter and create a Capital Allocation Committee to develop a target capital structure and allocation framework after a three-month review.