Kana Software today filed news of an amendment to its loan agreement with Bridge Bank to “require” the Menlo Park maker of customer service tools to borrow $1 million from Agility Capital, which Kana did as of July 30.
The loan bears an interest rate of 15 percent Read the rest of this entry »
Kana Software, who’s largest shareholder cried foul after the company announced on June 17 that it would hold its annual meeting four weeks later on July 15 thereby depriving the investor of a chance to nominate its own director to Kana’s board, evidently had second thoughts.
In a press release dated June 25 but not filed with the Securities and Exchange Commission until today, Kana said Read the rest of this entry »
Kana Software’s second largest investor cried foul Monday, alleging that its board of directors was acting unfairly “to hold an uncontested election in troubled times and in the face of stockholder dissatisfaction” in a complaint it filed seeking to postpone the Menlo Park company’s annual meeting.
KVO Capital Management, a New Hampshire investment firm that holds 3.35 million shares, or 8.1 percent, of Kana, said it was blind sided Read the rest of this entry »
KVO Capital Management, the investment firm that advised the management of Kana Software in November that it “would be well served to consider significant changes in business strategy and corporate governance,” today nominated its own candidate for the one director slot up for election to Kana’s classified board at its annual meeting scheduled for July 15.
KVO’s candidate, Melvin Keating, would face off against Read the rest of this entry »
Michael Shannahan, who joined Kana Software less than 14 months ago, retired from the Menlo Park developer of customer communication software Monday in order to “pursue other interests,” the company said in a regulatory filing Tuesday.
It would be the end of Shannahan’s sixth CFO gig in 10 years, having also served in that capacity at Read the rest of this entry »
Kana Software’s second largest shareholder, Kernan Oberting, reported buying a half million more shares recently, boosting his ownership in the Menlo Park company to 7 percent up from the 5.7 percent stake his investment firm first reported holding Nov. 21, the same day Kana’s hit a 52-week low.
His firm, KVO Capital Management, spent $304,391 buying 515,599 shares of Kana between Nov. 25 and Dec. 16, paying on average Read the rest of this entry »
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