Dendrite (NASDAQ:DRTE)
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From May 2019 to May 2024
Dendrite International, Inc., (NASDAQ: DRTE) today announced that Clay
B. Lifflander has accepted the company’s
invitation to join its Board of Directors. Mr. Lifflander is the
president of the general partner of MMI Investments, which owns 13.7
percent of Dendrite’s outstanding shares and
is the company’s largest shareholder.
"We are pleased to welcome Clay Lifflander to our Board,”
said John Bailye, chairman and chief executive officer of Dendrite. “We
have maintained an on-going dialogue with MMI as it has increased its
position in the company. Clay will be a fine complement to our hard
working and very committed Board.”
Mr. Lifflander has been with MMI for nearly eleven years, presiding over
its strong growth in managed assets, which currently total approximately
$700 million in securities under management. Prior to joining MMI, Mr.
Lifflander served as President of the NYC Economic Development Corp
under Mayor Rudolph Giuliani and prior to that was Managing Director in
the M&A Group at Smith Barney.
MMI entered into a standstill agreement as part of its acceptance of the
Board seat offer from Dendrite. It is expected that Mr. Lifflander will
also be appointed to the Nominating and Corporate Governance Committee.
About Dendrite
Founded in 1986, Dendrite International (NASDAQ: DRTE) enables sales,
marketing, clinical and compliance solutions for the global,
pharmaceutical industry. The company has clients in more than 50
countries and includes the world's top 20 pharmaceutical companies. For
more information, please visit www.dendrite.com.
Note: Dendrite is a registered trademark of Dendrite International, Inc.
This document may contain forward-looking statements that may be
identified by such forward-looking terminology as "expect," "believe,"
"anticipate," "will," "intend," "plan," "target," "outlook," "guidance,"
and similar statements or variations. Such forward-looking statements
are based on our current expectations, estimates, assumptions and
projections and involve significant risks and uncertainties, including
risks which may result from our dependence on the pharmaceutical
industry; fluctuations in quarterly revenues due to lengthy sales and
implementation cycles for certain of our solutions; our fixed expenses
in relation to fluctuating revenues and variations in customers' budget
cycles; dependence on certain major customers; changes in demand for our
products and services attributable to any weakness experienced in the
economy or mergers, acquisitions and consolidations in the
pharmaceutical industry; successful and timely development and
introduction of new products and versions; rapid technological changes;
increased competition; international operations; integrating the
entities we acquire; our ability to effectively manage our growth; the
protection of our proprietary technology; our ability to compete in the
Internet-related products and services market; the continued demand for
Internet-related products and services; the ability of our third party
vendors to respond to technological change; our ability to maintain our
relationships with third-party vendors; less favorable than anticipated
results from strategic relationships; dependence of data solutions on
strategic relationships; events which may affect the U.S. and world
economies; and catastrophic events which could negatively affect our
information technology infrastructure. Other important factors that
should be reviewed and carefully considered are included in the
company's 10-K, 10-Qs, and other reports filed with the SEC. Actual
results may differ materially. The company assumes no obligation for
updating any such forward-looking statements to reflect actual results,
changes in assumptions or other changes affecting such forward-looking
statements.
Dendrite International, Inc., (NASDAQ: DRTE) today announced that
Clay B. Lifflander has accepted the company's invitation to join its
Board of Directors. Mr. Lifflander is the president of the general
partner of MMI Investments, which owns 13.7 percent of Dendrite's
outstanding shares and is the company's largest shareholder.
"We are pleased to welcome Clay Lifflander to our Board," said
John Bailye, chairman and chief executive officer of Dendrite. "We
have maintained an on-going dialogue with MMI as it has increased its
position in the company. Clay will be a fine complement to our hard
working and very committed Board."
Mr. Lifflander has been with MMI for nearly eleven years,
presiding over its strong growth in managed assets, which currently
total approximately $700 million in securities under management. Prior
to joining MMI, Mr. Lifflander served as President of the NYC Economic
Development Corp under Mayor Rudolph Giuliani and prior to that was
Managing Director in the M&A Group at Smith Barney.
MMI entered into a standstill agreement as part of its acceptance
of the Board seat offer from Dendrite. It is expected that Mr.
Lifflander will also be appointed to the Nominating and Corporate
Governance Committee.
About Dendrite
Founded in 1986, Dendrite International (NASDAQ: DRTE) enables
sales, marketing, clinical and compliance solutions for the global,
pharmaceutical industry. The company has clients in more than 50
countries and includes the world's top 20 pharmaceutical companies.
For more information, please visit www.dendrite.com.
Note: Dendrite is a registered trademark of Dendrite
International, Inc.
This document may contain forward-looking statements that may be
identified by such forward-looking terminology as "expect," "believe,"
"anticipate," "will," "intend," "plan," "target," "outlook,"
"guidance," and similar statements or variations. Such forward-looking
statements are based on our current expectations, estimates,
assumptions and projections and involve significant risks and
uncertainties, including risks which may result from our dependence on
the pharmaceutical industry; fluctuations in quarterly revenues due to
lengthy sales and implementation cycles for certain of our solutions;
our fixed expenses in relation to fluctuating revenues and variations
in customers' budget cycles; dependence on certain major customers;
changes in demand for our products and services attributable to any
weakness experienced in the economy or mergers, acquisitions and
consolidations in the pharmaceutical industry; successful and timely
development and introduction of new products and versions; rapid
technological changes; increased competition; international
operations; integrating the entities we acquire; our ability to
effectively manage our growth; the protection of our proprietary
technology; our ability to compete in the Internet-related products
and services market; the continued demand for Internet-related
products and services; the ability of our third party vendors to
respond to technological change; our ability to maintain our
relationships with third-party vendors; less favorable than
anticipated results from strategic relationships; dependence of data
solutions on strategic relationships; events which may affect the U.S.
and world economies; and catastrophic events which could negatively
affect our information technology infrastructure. Other important
factors that should be reviewed and carefully considered are included
in the company's 10-K, 10-Qs, and other reports filed with the SEC.
Actual results may differ materially. The company assumes no
obligation for updating any such forward-looking statements to reflect
actual results, changes in assumptions or other changes affecting such
forward-looking statements.