Bilge Ogut resigned from the Concentrix Corporation Board of Directors effective April 29, 2026, following GBL's reduction of beneficial ownership below the threshold required for board nomination rights.
Key takeaways
Bilge Ogut resigned from the Board and all committees effective immediately on April 29, 2026.
The resignation was triggered by GBL's beneficial ownership falling below the 50% Board Nomination Threshold.
The resignation was pursuant to the Investor Rights Agreement dated March 29, 2023.
GBL lost its right to nominate a director due to the transaction entered into on April 29, 2026.