Michael Angelakis Not to Stand for Re-Election to the Board at the Annual Meeting of Groupon, Inc
May 17, 2021 at 05:29 pm EDT
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Groupon, Inc. announced that effective May 14, 2021, Michael Angelakis, the designee of A-G Holdings, L.P. (AGH"), resigned from the Board. Mr. Angelakis' resignation occurred in connection with the Company's repurchase of all of the outstanding $250.0 million aggregate principal amount of the Company's 3.25% Convertible Senior Notes due 2022. Due to his resignation, Mr. Angelakis will not stand, and has been withdrawn from nomination, for re-election to the Board at the Annual Meeting. The Board will not nominate a replacement director for election at the Annual Meeting. Accordingly, the proposal to elect Mr. Angelakis will no longer be presented for a vote of the stockholders at the Annual Meeting.
Groupon, Inc. is a scaled two-sided marketplace that connects consumers to merchants. The Companyâs marketplace is accessible through its mobile applications and its websites, which are primarily localized groupon.com sites in 13 countries. It has two segments, North America and International, and in three categories, Local, Goods and Travel. Local category includes services from local and national merchants, and other local and national merchants, including things to do, beauty and wellness and dining, as well as other services. Goods category includes merchandise across multiple product lines, such as electronics, sporting goods, jewelry, toys, household items and apparel. Travel category features travel experiences at both discounted and market rates, including hotels, airfare and package deals covering both domestic and international travel. The customer can contact the merchant directly to make a travel reservation after purchasing a travel voucher from the Company.
GROUPON, INC. 
