SENSIO Announces New Composition of Its Board of Directors
2014年1月25日 - 6:00AM
Marketwired
SENSIO Announces New Composition of Its Board of Directors
Significant changes made to board structure and remuneration
MONTREAL, QUEBEC--(Marketwired - Jan 24, 2014) - SENSIO
Technologies Inc. ("SENSIO" or "the Company")
(TSX-VENTURE:SIO)(OTC:SNIOF), announced today the new composition
of its Board of directors, following its annual meeting which took
place earlier today in Montreal.
The Board of directors elected today comprises the following new
members:
- Mr. Georges Karam - Chairman of the Board
- Mr. Yann Paquet - Board director and member of the Audit
committee
- Mr. Mathieu Péloquin - Board director and member of the Audit
committee
Additionally, two members of the outgoing Board of directors are
renewing their tenure:
- Mr. Yvan Goineau - Board director and President of the Audit
committee
- Mr. Nicholas Routhier - Board director and President &
Chief Executive Officer of the Company
Changes to remuneration and structure
For the purpose of enabling the company to use its funds for
further development of 3DGO!, a new remuneration method has been
established, under which independent Board members will be
remunerated solely in stock options of the Company. The
remuneration will be applied as follows, at the price of $0.12 per
share, representing the closing price of the stock on January 23,
2014:
- Chairman of the Board: 225,000 options
- Chairman of the Audit committee: 175,000 options
- Other independent members of the Board: 125,000 options
- Total: 650,000 options
"We strongly believe in SENSIO and we wish to show our
commitment to the Company by forfeiting a traditional form of
remuneration in favor of this options-based method," said Georges
Karam, Chairman of the Board. "By doing so, we are ensuring that
SENSIO's financial resources will be dedicated to development
efforts for the years to come. We're eager to contribute to the
success of the Company in the coming months and years, and this is
merely one of our first efforts to that end."
In order to alleviate the structure of the Board, its members
have also agreed to abolish the Human Resources committee. Instead,
related decisions will now devolve directly to the Board.
Extension of options for outgoing members of the Board of
directors
Current members of the Board have also agreed to extend the
validity of options belonging to outgoing members of the Board
until January 23rd, 2015, subject to the approval of the TSX
Venture Exchange.
"By extending the validity of their options, we wish to
acknowledge the outstanding work of our outgoing Board members",
said Nicholas Routhier, President & Chief Executive Officer of
the Company. "Their support and continuous efforts over all these
years were crucial for the development of the Company, notably for
the inception and launch of 3DGO!, and we owe them a great part of
our continued success."
For further information on SENSIO and its technologies, please
visit www.sensio.tv
About SENSIO Technologies Inc. (SENSIO):
SENSIO Technologies Inc. (www.sensio.tv) has been leading the
floor in bringing 3D video to the consumer since 1999. Its vision,
expertise and state-of-the-art solutions, based on diversified
stereoscopic image-processing technologies, have been trusted by
some of the biggest names in the media and entertainment industries
to power numerous industry firsts, initiate new business models and
generate immediate revenue with a distinctive 3D offering.
SENSIO enables its clients to deliver the best possible 3D
experience for the end-user through a broad portfolio of products,
including its flagship, award-winning technology, SENSIO® Hi-Fi 3D.
Through SENSIO solutions, consumers can access - with effortless
interaction and complete peace of mind - 3D content of superior
quality to common frame-compatible formats distributed over
existing infrastructure (cable, satellite or over IP) and displayed
using any existing digital equipment (cinema, home cinema, TV, game
consoles or PC). SENSIO is listed on the Toronto TSX Venture
Exchange.
SENSIO® is a registered trademark of SENSIO Technologies
Inc.
Caution Concerning Forward-Looking Statements
Certain statements made in this press release that are not
historical facts are forward-looking statements and are subject to
important risks, uncertainties and assumptions, both general and
specific, which give rise to the possibility that actual results or
events could differ materially from our expectations expressed in
or implied by such forward-looking statements. As a result, we
cannot guarantee that any forward-looking statement will
materialize and readers are cautioned not to place undue reliance
on these forward looking statements. For more exhaustive
information on these risks and uncertainties, the reader should
refer to the risk factors described in the management's discussion
and analysis of SENSIO for the quarter ended November 30, 2013. The
forward-looking statements contained in this press release
represent our expectations as of the date hereof. We disclaim any
intention and assume no obligation to update or revise any
forward-looking statements. Forward-looking statements are
presented for the purpose of providing information about
management's current expectations and plans and allowing investors
and others to obtain a better understanding of our anticipated
operating environment. Readers are cautioned that such information
may not be appropriate for other purposes.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Facebook: http://www.facebook.com/SENSIO3D
Twitter: http://twitter.com/SENSIO3D
LinkedIn: http://www.linkedin.com/company/337733?trk=tyah
YouTube: http://www.youtube.com/sensio3dtech
SENSIOEric ChoquetteChief Financial Officer+1
514-846-2022eric.choquette@sensio.tv
Sensio Technologies Inc. (TSXV:SIO)
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