Activist Nominates Two Directors at Coupons.com Owner Quotient

Activist investor Engaged Capital has nominated two directors to the board of Coupons.com owner Quotient Technology Inc. in an attempt to replace the company’s Chairman and Chief Executive Officer Steven Boal on the board, according to people familiar with the matter.

Engaged, which owns a 6.5% stake in Quotient, first disclosed its holdings of Quotient shares in November and said it believed several parties would be interested in acquiring the company. The activist said Quotient’s underperformance was tied to its poor corporate governance.

Glenn Welling, Engaged’s founder, said in a letter to Quotient’s board at the time that his ...