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On August 21, 2024, Value Base Ltd announced that it had published a response to Cognyte Software Ltd.’s letter dated August 12, 2024, urging the Company’s shareholders to vote for its director nominee Tal Yaacobi, to vote against the re-election of the Company’s current chairman of the board, Earl Shanks, and to vote against the Company’s proposed CEO compensation plan, at the Company’s annual meeting of shareholders.