December 21, 2017 / 10:32 PM / 9 months ago

BRIEF-Harbert Discovery Fund Says Agreed To Nominate 7 Persons For Election To Qumu's Board

Dec 21 (Reuters) - Harbert Discovery Fund:

* HARBERT DISCOVERY FUND - UNDER STANDSTILL AGREEMENT, HARBERT AGREED TO NOMINATE 7 PERSONS FOR ELECTION TO QUMU'S BOARD AT 2018 ANNUAL MEETING

* HARBERT DISCOVERY - AUTHORIZED NUMBER OF QUMU DIRECTORS IMMEDIATELY FOLLOWING 2018 ANNUAL MEETING TO REMAIN AT 7 AT ALL TIMES DURING STANDSTILL PERIOD

* HARBERT DISCOVERY FUND - PURCHASED QUMU SECURITIES BASED ON BELIEF THAT SECURITIES WERE UNDERVALUED, REPRESENTED ATTRACTIVE INVESTMENT OPPORTUNITY Source: (bit.ly/2zcpnnG) Further company coverage:

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