On January 31, 2024, Hestia Capital Management LLC entered into a cooperation agreement with Pitney Bowes Inc. Hestia Capital Management stated that pursuant to the cooperation agreement, the Company agreed, among other things, (a) to increase the size of the Company?s Board of Directors from 8 to 10 directors, (b) to appoint William ?Bill? Simon and Jill Sutton to the Board, effective as of February 1, 2024, (c) to nominate William S. Simon and Jill Sutton for election to the Board at the Company?s 2024 annual meeting of stockholders, (d) to not nominate any incumbent director serving on the Board as of the date of the cooperation agreement other than Steve Brill, Sheila Stamps, Darrell Thomas, Katie A. May, Milena Alberti-Perez, Todd Everett, and Kurtis J. Wolf as directors of the Company at the 2024 annual meeting, and (e) to re-nominate, William S. Simon, Jill Sutton, and Kurtis J. Wolf as directors for re-election at the Company?s 2025 annual meeting of stockholders.