Termination of AgreementApr 9, 2026, 04:07 PM
Definitive Healthcare Terminates Nominating Agreement with Spectrum, Director Jeff Haywood Resigns
AI Summary
Definitive Healthcare Corp. (DH) announced the termination of its Nominating Agreement with SE VII DHC AIV, L.P. ("Spectrum"), effective April 3, 2026. This agreement, originally dated September 17, 2021, granted Spectrum the right to designate one director to the Company's board, provided Spectrum and its affiliates beneficially owned at least 5% of the outstanding common stock. The termination follows the resignation of Jeff Haywood, the Spectrum Designee, from the board of directors on March 30, 2026. This move permanently and irrevocably ends Spectrum's contractual right to board representation.
Key Highlights
- Definitive Healthcare Corp. (DH) and SE VII DHC AIV, L.P. ("Spectrum") terminated their Nominating Agreement on April 3, 2026.
- The Nominating Agreement, established on September 17, 2021, granted Spectrum the right to designate one director to DH's board if it held at least 5% beneficial ownership of common stock.
- Jeff Haywood, the Spectrum Designee, resigned from Definitive Healthcare's board of directors on March 30, 2026.
- The termination agreement permanently and irrevocably ends the Nominating Agreement in its entirety, removing Spectrum's contractual board designation rights.
Price Impact