| Tuesday | ||||
Bsquare announced that… Bsquare announced that Chris Wheaton will be stepping down as CFO and COO and that Cheryl Wynne is being appointed CFO effective with Wheaton's departure from the role end of day on February 16. Wynne has served as the Corporate Controller and Senior Director of Finance at Bsquare since joining the Company in November 2020. Wynne is a Certified Public Accountant and holds a BS and Master of Accountancy from Texas State University. She began her career at Ernst & Young and then worked at Nordstrom for nearly ten years, in various finance and accounting roles. | ||||
| Over a month ago | ||||
Bsquare's board of… Bsquare's board of directors has approved a plan to repurchase up to $5M of its common stock. The share repurchase program has no time limit and may be suspended or discontinued completely at any time. | ||||
| Over a quarter ago | ||||
Bsquare announced that it… Bsquare announced that it entered into a Cooperation Agreement with Richard Karp, a large shareholder. Pursuant to the Agreement the Company agreed to present a plan to declassify the board of directors to shareholders at the 2023 annual meeting of shareholders, tentatively planned for June 2023. The plan will seek to eliminate board classes in a phased manner over 3 years resulting in one year terms for all directors. The plan is not being presented at, and has no effect on, the annual meeting of shareholders scheduled to occur on November 29. In addition to the declassification plans, as a part of this Agreement, Karp has withdrawn his director nominees for the 2022 Annual Meeting. | ||||
