Altai Calls for Change at OraSure, Urges Fair Settlement and Board Appointments

Altai Capital Management, a shareholder with a 5% stake in OraSure Technologies, has delivered a letter to the company's board outlining a five-pillar case for change due to underperformance. The letter highlights the need for a fair settlement that includes the appointment of Altai's director nominees, Rishi Bajaj and John Bertrand. The nominees have a track record of success and will align their compensation with shareholder returns. The company's share price has underperformed comparable companies and broader indices over five- and ten-year periods, and the board lacks skin in the game.