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Guidance Software Settles Proxy Contest

PASADENA, Calif., Apr 22, 2016 (BUSINESS WIRE) -- Guidance Software, Inc. GUID, +2.99% today announced that the Company has reached a mutual settlement agreement with Mr. Shawn McCreight, its founder and former Chairman, to end the proxy contest related to the Company’s upcoming annual meeting of stockholders scheduled for May 11, 2016.

Under the terms of the settlement agreement, Mr. McCreight will resign his board position and the Company will appoint two of Mr. McCreight’s nominees to serve as new directors on the board. Mr. Michael McConnell and Mr. John Colbert will both be appointed to join the Company’s board of directors. In addition, Mr. Chris Poole, current board member and chair of the nominating and governance committee, will resign.

“The board and management team believe this settlement serves the best interests of the Company, stockholders, customers and employees,” said Patrick Dennis, Guidance Software’s president and CEO. “We welcome Mr. McCreight’s nominees and look forward to getting back to the business of growing the Company and building...


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