Zuora (ZUO) Proxy Filing summary

Executive summary

• Announced agreement for acquisition by Silver Lake and GIC, taking the company private in a merger expected to close in Q1 2025, pending shareholder and regulatory approvals.

• CEO Tien Tzuo will remain in leadership post-transaction, with no immediate changes to operations, mission, or culture.

• Silver Lake and GIC bring a track record of supporting technology companies' growth and innovation.

• Communications emphasize continuity for employees, customers, and partners, with ongoing commitment to strategic priorities.

• Transaction aims to provide strategic flexibility and long-term investment focus to accelerate growth.

Voting matters and shareholder proposals

• Shareholders will vote on the proposed merger; approval is a key closing condition.

• Proxy statement and Schedule 13E-3 will be filed and distributed to shareholders with detailed transaction information.

• Shareholders are urged to review all materials before voting.

Board of directors and corporate governance

• Directors, executive officers, and employees may be deemed participants in the proxy solicitation.

• Information on board and executive interests will be disclosed in the proxy statement and related SEC filings.

• No changes to leadership or headquarters are planned post-transaction.