Update: Rapid7 to Appoint Directors Under Cooperation Deal With Jana Partners; Shares Up

Important legal information about the email you will be sending. By using this service, you agree to input your real email address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an email. All information you provide will be used by Fidelity solely for the purpose of sending the email on your behalf. The subject line of the email you send will be "Fidelity.com: "

Update: Rapid7 to Appoint Directors Under Cooperation Deal With Jana Partners; Shares Up

, MT Newswires - 2:39 PM ET 3/24/2025 default

02:39 PM EDT, 03/24/2025 (MT Newswires) -- (Updates with stock price movement in the headline and first paragraph.)

Rapid7 ( RPD ) shares were up 4% in recent trading on Monday after the company said it will appoint three new board members under a cooperation agreement that it entered into with Jana Partners Management.

The company said the appointments of Wael Mohamed, Michael Burns and Kevin Galligan will increase the size of its board to 11 from eight members.

Among other things, the cooperation agreement provides that Jana will support all of Rapid7's ( RPD ) board nominees at its annual shareholder meeting, the company said.

Price: 29.44, Change: +1.15, Percent Change: +4.07

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.