The company said it entered into a Cooperation Agreement with Elliott Investment Management L.P. and others on July 16, 2025, under which it agreed to appoint Robert M. Calderoni to the board of directors with immediate effect.

1. 01

   The company said it entered into a Cooperation Agreement with Elliott Investment Management L.P. and others on July 16, 2025, under which it agreed to appoint Robert M. Calderoni to the board of directors with immediate effect.

2. 02

   The company said Elliott may appoint 1 Elliott employee to the board until the Expiration Date, subject to board approval. The board size will not exceed 13 directors after Calderoni's appointment until the close of the 2026 Annual Meeting (or 14 directors if an Elliott employee is appointed before that meeting).

3. 03

   The company said the board has established a Strategy Committee, chaired by Calderoni, with 3 members, Raymond Lane, Charles Noski and Gary Reiner. Calderoni was also appointed to the Integration Committee, which was formed after the closing of the Juniper Networks transaction.

4. 04

   The company said the Cooperation Agreement will remain effective until the 1st anniversary of its date, and will be extended if Elliott appoints an Elliott employee to the board, until that employee leaves the board. Elliott agreed to abide by standstill restrictions and voting commitments.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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