Governance Documents

On August 14, 2019, Pivotal confirmed that through a Special Committee of its Board of Directors, we are in discussions with VMware regarding a potential business combination, and we are proceeding to negotiate definitive agreements with regards to a transaction in which VMware would acquire all of the outstanding shares of Class A common stock of Pivotal for cash at a per share price equal to $15.00. However, a definitive agreement between Pivotal and VMware has not been executed. There can be no assurances that a definitive agreement will be executed between the parties. The foregoing information is being provided solely to acknowledge the public announcement on Schedule 13D/A filed by Dell Technologies Inc., Pivotal’s and VMware’s controlling stockholder. Pivotal does not intend to provide any further information as to developments, if any, in its discussions with VMware regarding a business combination unless and until a definitive agreement is executed.

The Board of Directors of Pivotal is committed to the achievement of business success and the enhancement of long-term stockholder value with the highest standards of integrity and ethics. In that regard, the Board has adopted business conduct and ethics guidelines to provide an effective corporate governance framework for the Company, intending to reflect a set of core values that provide the foundation for Pivotal’s governance and management systems and its interactions with others.