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BRIEF-Pandora announces new governance measures and confirms ongoing strategic review

May 8 Pandora Media Inc:

* Pandora announces new governance measures and confirms ongoing strategic review

* Says James M. P. Feuille and Peter Gotcher will resign from board of directors

* At 2017 annual meeting of stockholders, board will recommend that stockholders approve resolution to declassify board and provide for annual election of directors in future.

* At 2017 annual meeting of stockholders, board will recommend that stockholders approve resolution to declassify board

* Pandora Media - board is forming independent committee, to be chaired by Timothy Leiweke, independent director, to identify and appoint new directors

* Pandora media inc says Centerview Partners Llc and Morgan Stanley will continue to advise board regarding ongoing review of strategic alternatives

* Pandora Media - "positioned company to evaluate any potential strategic alternatives, including a sale, in 30 days before financing is set to close" Source text for Eikon: Further company coverage:

我们的标准: 汤森路透“信任原则

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