Quotient Technology Inc. announced that it has entered into a cooperation agreement with Engaged Capital, LLC. As part of the cooperation agreement, the Company appointed Matthew O'Grady as a Class II director and Joseph Reece as a Class III director to its Board of Directors. Mr. O'Grady was also named Lead Independent Director upon his appointment to the Board.

The recently formed Strategic Board Committee has been reconstituted to comprise Mr. Reece, Mr. O'Grady and incumbent independent directors Alison Hawkins and Jody Gessow. The Company's slate at the 2022 Annual Meeting will consist of Mr. O'Grady, Matthew Krepsik and Robert McDonald. As previously announced, Steven Boal will not stand for election at the 2022 Annual Meeting.

Mr. Krepsik will become CEO upon Mr. Boal's retirement, which will occur no later than the Annual Meeting, which the Company expects to occur on June 29, 2022.