Fondren Management Discloses its Views on Harte Hanks
January 13, 2018 at 12:59 am IST
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On January 12, 2018, Fondren Management, LP announced that it demands Harte Hanks, Inc. take immediate action to enhance its corporate governance. Fondren Management stated that it may have conversations with fellow shareholders to discuss the Company corporate governance in addition to continuing to engage with the Company’s management and board members. Fondren Management also stated that these discussions may include but are not limited to the following: (1) the immediate need for a new Chairman with industry experience and a track record of value creation, (2) the immediate need for a significant refreshing of the board specifically targeting over tenured board members, (3) declassification of the Company’s board, (4) the ability of shareholders owning 10% or more of the Company to call special meetings, and (5) other matters that would involve the Company conforming to best practices of corporate governance.
Harte Hanks, Inc., together with its subsidiaries, is a global customer experience company. The Company operates through four segments: Marketing Services; Customer Care, Sales Service, and Fulfillment & Logistics Services. Marketing Services segment leverages data, insight, and experience to support clients as they engage customers through digital, traditional, and emerging channels. Customer Care segment offers responsive contact center solutions, which use real-time data to interact with each customer. Customer contacts are handled through phone, e-mail, social media, text messaging, chat, and digital self-service support. Sales Services segment enables customers to optimize their go-to-market function by offering a range of outsourced services including sales process optimization, sales play development, inbound lead qualification and outbound sales prospecting. Fulfillment & Logistics segment consists of mail and product fulfillment and logistics services.
HARTE HANKS, INC. 
