Elastic Nominates Shelley Leibowitz to Board of Directors
30 August 2021 - 10:05PM
Business Wire
Former CIO of The World Bank Brings Proven
Board Leadership from E*TRADE, MassMutual and Morgan Stanley
Elastic (NYSE: ESTC) (“Elastic”), the company behind
Elasticsearch and the Elastic Stack, today announced that it has
nominated Shelley Leibowitz to its board of directors.
Leibowitz will bring more than 30 years of information
technology (IT) and business governance expertise to the Elastic
Board of Directors, having formerly served as Chief Information
Officer (CIO) for Morgan Stanley and The World Bank, as well as a
board member for E*TRADE and MassMutual. She currently sits on the
board of Morgan Stanley and several privately held fintech and
information security companies.
”I can’t think of a more exciting time to join the Elastic
Board,” said Leibowitz. “Few companies can boast the kind of rapid
adoption Elastic has — from the developer community up to the CIO.
Elastic makes it easy for organizations to spin-up a project, and
transform it into a large-scale deployment to search, observe and
protect mission-critical systems. I am looking forward to working
closely with the Elastic leadership team as they continue to build
their robust developer community and further the scale into the
enterprise.”
“Shelley has spent three decades as a hands-on operating IT
executive,” said Shay Banon, founder and CEO, Elastic. “She brings
real-world security domain expertise and extensive corporate board
and advisory experience with both public and private companies.
Shelley’s perspective as a former CIO combined with her deep
corporate governance and board oversight experience will make her a
valuable addition to our board.”
Leibowitz has spent her career at the intersection of financial
services and technology. She advises organizations in digital
transformation, IT portfolio and risk management, information
security and digital trust, performance metrics, and effective
governance. She is a lifetime member of the Council on Foreign
Relations and sits on numerous boards and councils, including the
NY Board of BuildOn, a not-for-profit that runs service and
learning programs in urban high schools across the United
States.
Pursuant to Dutch law, Ms. Leibowitz’s nomination to the Board
of Directors is subject to a shareholder vote, to be held at the
annual general shareholder meeting on October 1, 2021 (the “2021
AGM”). Upon her election to the Board, Ms. Leibowitz will also be
appointed to serve as a member of the Company’s Audit Committee and
Nominating and Corporate Governance Committee.
About Elastic:
Elastic is a search company built on a free and open heritage.
Anyone can use Elastic products and solutions to get started
quickly and frictionlessly. Elastic offers three solutions for
enterprise search, observability, and security, built on one
technology stack that can be deployed anywhere. From finding
documents to monitoring infrastructure to hunting for threats,
Elastic makes data usable in real time and at scale. Thousands of
organizations worldwide, including Cisco, eBay, Goldman Sachs,
Microsoft, The Mayo Clinic, NASA, The New York Times, Wikipedia,
and Verizon, use Elastic to power mission-critical systems. Founded
in 2012, Elastic is a distributed company with Elasticians around
the globe and is publicly traded on the NYSE under the symbol ESTC.
Learn more at elastic.co.
Important Additional Information and Where You Can Find
It
The Company has filed with the Securities and Exchange
Commission (the “SEC”), and has furnished to its shareholders, a
proxy statement (the “Proxy Statement”) on August 30, 2021 in
connection with the election of Shelley Leibowitz to the Company’s
Board of Directors (the “Director Election”), along with other
matters, to be voted upon at the 2021 AGM. Anyone who is a
shareholder of record or beneficial owner of the Company’s shares
as of the record date will be entitled to vote their shares at the
2021 AGM.
This communication is not a substitute for the Proxy Statement
or any other document that the Company may file with the SEC or
send to its shareholders. SHAREHOLDERS OF THE COMPANY ARE URGED TO
READ THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS THAT THE
COMPANY HAS FILED OR MAY FILE WITH THE SEC WHEN THEY BECOME
AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE
COMPANY’S ANNUAL MEETING, INCLUDING THE DIRECTOR ELECTION.
Shareholders will be able to obtain free copies of the Proxy
Statement (when it becomes available), any solicitation materials
and any other documents filed with the SEC by the Company through
the website maintained by the SEC at www.sec.gov or by contacting
the Company’s Investor Relations department at +1 (650) 695-1055 or
ir@elastic.co.
Participants in the Solicitation
The directors and executive officers of the Company may be
deemed to be participants in the solicitation of proxies from the
shareholders of the Company in connection with the Director
Election. Information regarding the interests of participants in
the solicitation of proxies in respect of the 2021 AGM is included
in the Proxy Statement.
Forward-Looking Statements
Certain statements herein are forward-looking statements that
are subject to risks and uncertainties, which include but are not
limited to, statements regarding the nomination and appointment of
Ms. Leibowitz, assessments of the strength of our solutions and
products and our future growth. These forward-looking statements
are subject to the safe harbor provisions under the Private
Securities Litigation Reform Act of 1995. Our expectations and
beliefs regarding these matters may not materialize. Actual
outcomes and results may differ materially from those contemplated
by these forward-looking statements as a result of uncertainties,
risks, and changes in circumstances, including but not limited to
risks and uncertainties related to the future conduct and growth of
Elastic’s business and the markets in which Elastic operates.
Additional risks and uncertainties that could cause actual outcomes
and results to differ materially from those contemplated by the
forward-looking statements are included under the caption "Risk
Factors" and elsewhere in our most recent filings with the SEC,
including our Annual Report on Form 10-K for the fiscal year ended
April 30, 2021 and any subsequent reports filed with the SEC. SEC
filings are available on the Investor Relations section of
Elastic's website at ir.elastic.co and the SEC's website at
www.sec.gov. Elastic assumes no obligation to, and does not
currently intend to, update any such forward-looking statements
after the date of this release, except as required by law.
Elastic and associated marks are trademarks or registered
trademarks of Elastic N.V. and its subsidiaries. All other company
and product names may be trademarks of their respective owners.
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version on businesswire.com: https://www.businesswire.com/news/home/20210830005455/en/
Jennifer Malleo PR-Team@elastic.co
Elastic NV (NYSE:ESTC)
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