On June 6, 2022, JANA Partners LLC announced that it has entered into a cooperation agreement with New Relic, Inc. JANA Partners stated that pursuant to the cooperation agreement, (i) on June 13, 2022, each of Kevin Galligan, a partner of JANA Partners and Susan D. Arthur, was appointed as an independent Class II director of the Company with a term expiring at the 2022 annual meeting of the Company's stockholders or until such person's earlier death, resignation, disqualification or removal and (ii) the Company committed to include Kevin Galligan and Susan D. Arthur on the Company's recommended slate of nominees for election at the 2022 annual meeting. JANA Partners also stated that pursuant to the cooperation agreement, JANA Partners irrevocably withdrew the nomination notice, dated May 20, 2022, submitted to the Company by JANA Strategic Investments Benchmark Master Fund, L.P.