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Compuware's Ongoing Transformation Continues -- Announces Agreement With Elliott And Nomination Of Two New Board Members

Stock quotes in this article: CPWR

The slate of director nominees also includes Jeffrey J. Clarke, Jennifer Raab, David Fubini and Lee Roberts, who all joined in 2013, and incumbents William O. Grabe, Fritz Henderson, Gurminder Bedi, Faye Nelson and Bob Paul. As a result of these changes, the Compuware board will continue to be comprised of 11 directors, 10 of whom are independent and 6 have been added in the past twelve months. These directors have the right experience, independence, industry expertise and track record of leadership for our transformed Company.

"The reconstitution of our Board of Directors is an important element of the aggressive strategic transformation that is taking place at Compuware," said Compuware Chairman Gurminder S. Bedi. "While our efforts to reshape Compuware into a high-growth, high-profitability organization that delivers best-in-class shareholder value have been progressing well over the last few years, our actions over the past 12 months have been momentous in scope and execution. Completing any one of the actions we have taken over the last year would be a tremendous achievement; accomplishing them all in this relatively short period of time is a clear indication of our resolve in building a world-class organization and enhancing the value we deliver to shareholders." 

The Agreement will be filed with the U.S. Securities and Exchange Commission as an Exhibit to a Current Report on Form 8-K and will be viewable with Compuware's recent filings at www.sec.gov and through the Company's website, www.Compuware.com by selecting the Investor Relations tab.   

Compuware Corporation

Compuware is the technology performance company, and we exist solely to help our customers optimize the performance of their most important and innovative technologies—those that drive their businesses forward. Today, more than 7,100 companies, including many of the world's largest organizations, depend on Compuware and our new-generation approach to performance management to do just that . Learn more at www.compuware.com .

Additional Information and Where to Find It

Compuware Corporation, its directors and certain of its executive officers and employees may be deemed to be participants in the solicitation of proxies from shareholders in connection with the 2013 Meeting. The Company plans to file a proxy statement with the Securities and Exchange Commission (the "SEC") in connection with the solicitation of proxies for the 2013 Annual Meeting (the "2013 Proxy Statement"). Additional information regarding the identity of these potential participants, none of whom owns in excess of 2 percent of the Company's shares, and their direct or indirect interests, by security holdings or otherwise, will be set forth in the 2013 Proxy Statement and other materials to be filed with the SEC in connection with the 2013 Meeting. This information can also be found in the Company's definitive proxy statement for its 2012 Annual Meeting of Shareholders (the "2012 Proxy Statement"), filed with the SEC on July 19, 2012, or the Annual Report on Form 10-K/A for the year ended March 31, 2012, filed with the SEC on July 29, 2013 (the "Form 10-K/A"). To the extent holdings of the Company's securities have changed since the amounts printed in the 2012 Proxy Statement, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC.

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