• Board refreshment process to Add Three New Independent Directors with Healthcare, Technology and Operational Expertise
  • Align has engaged a market leading global consulting firm as a strategic advisor to support the Company’s next phase of growth by Enhancing Long-Term Commercial Excellence, Margin Expansion, and Earnings Growth
  • Increased 2026 Share Repurchase Commitment Reflects Continued Confidence in Align’s Long-Term Value
  • Actions Follow Constructive Discussions with Elliott Investment Management

 

Align Technology, Inc. ("Align") (NASDAQ:ALGN) a leading global medical device company that designs, manufactures, and sells the Invisalign® System of clear aligners, iTero™ intraoral scanners, and exocad™ CAD/CAM software for digital orthodontics and restorative dentistry, today announced several initiatives reflecting its commitment to strong corporate governance and shareholder value creation.

Following discussions with Elliott Investment Management L.P. (together with its affiliates, "Elliott") about its ongoing Board refreshment and governance process, Align will appoint three new independent directors to join the Company's Board of Directors. The search will focus on highly qualified leaders with significant experience in healthcare technology, medical devices, global operations, consumer technology, innovation, and scaling of high-growth businesses.

Align has also launched a comprehensive strategic and operating model review designed to support the Company's next phase of growth. Supported by a market leading global consulting firm, the review is focused on strengthening commercial execution, enhancing organizational effectiveness, optimizing resources, improving scalability, and ensuring Align is well positioned to capitalize on significant long-term market opportunities. The Company expects this work to further support sustainable revenue growth, margin expansion, and long-term shareholder value creation. The Company intends to update shareholders on the strategic and operating model review as well as material initiatives undertaken and progress against those initiatives.

In addition, Align has increased its 2026 share repurchase commitment and now intends to repurchase a total of $400 million to $500 million of its common stock during 2026. This reflects the conviction of the Board and Management in Align’s long-term value.