|Company Name||Blucora, Inc.|
On January 16, 2020, Blucora revealed that its President and Chief Executive Officer (“CEO”), John Clendening, “has departed his roles as executive and member of the Board of Directors” and that Blucora “anticipates announcing a new CEO by the end of January 2020.” Blucora specified that Clendening’s “departure results from differences in views on the scope of Mr. Clendening’s authority as CEO.”
On this news, Blucora’s stock price fell $1.57, or over 6%, to close at $22.94 per share on January 16, 2020, thereby injuring investors.
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