01/22/2025 | Press release | Distributed by Public on 01/22/2025 12:07
Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On January 21, 2025, Mobivity Holdings Corp. (the "Company") received a letter of resignation from Dennis Becker indicating Mr. Becker's intent to resign as a member of the Board of Directors (the "Board") of the Company, effective immediately. Mr. Becker's decision was not the result of any dispute or disagreement with the Company or the Board on any matter relating to the operations, policies, or practices of the Company.
Also on January 21, 2025, the Board elected David J. Simon to fill the newly created vacancy on the Board, effective as of the same date, and to serve as a member of the Board until the next annual meeting of shareholders or until his successor shall have been elected and qualified. There are no arrangements or understandings between Mr. Simon and any other persons pursuant to which he was selected as a director. Additionally, there are no transactions involving the Company and Mr. Simon that the Company would be required to report pursuant to Item 404(a) of Regulation S-K.
Mr. Simon's compensation as a director will be consistent with the compensation policies applicable to the Company's other non-employee directors, as disclosed in the definitive information statement filed with the Securities and Exchange Commission on October 23, 2023.