Jana Is Pushing Zendesk to Set Annual Meeting

Activist investor Jana Partners is calling on the board of Zendesk Inc. to set a date for its annual general meeting, arguing the company is intentionally dragging out the process to rob shareholders of their rights.

The New York-based hedge fund, which own roughly a 2% stake in the company, has nominated four directors to Zendesk’s board. In a letter to the company Monday, Jana notes that Zendesk has held its annual general meeting between May 16 and May 29 since 2017. This meant that shareholders of record between March 20 and April 1 -- known as the record date -- were allowed to vote on shareholder proposals.