CRCM - Engine Capital Issues Open Letter To Board Of Care.com
NEW YORK, Aug. 15, 2019 /PRNewswire/ -- Engine Capital, L.P. (together with its affiliates, "Engine"), a sizeable shareholder of Care.com, Inc. (the "Company") (NYSE:CRCM), today issued an open letter to the Company's Board of Directors (the "Board") encouraging the Board to initiate a parallel process to explore strategic alternatives while searching for a new Chief Executive Officer and implementing various value enhancing initiatives identified by Engine.
The full text of Engine's letter to the Board can be viewed at the following link:
About Engine Capital
Engine Capital is a value-oriented special situations fund that invests both actively and passively in companies undergoing change.
Investor contact:
Engine Capital, L.P.
Arnaud Ajdler
(212) 321-0048
aajdler@enginecap.com
SOURCE Engine Capital, L.P.