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STAMFORD, Conn. - Information Services Group (NASDAQ:III), a global technology research and advisory firm currently trading near its 52-week low at $3.07, has appointed Samuel L. Molinaro Jr. to its board of directors, effective March 14. Molinaro, with over three decades of experience in the financial services industry, will also chair the firm’s audit committee. According to InvestingPro analysis, the company maintains strong liquidity with a current ratio of 1.97, indicating robust financial health despite recent market challenges.
Molinaro’s career includes significant roles such as president of UBS Americas Holdings and executive positions at Bear Stearns, including executive vice president, chief financial officer, and chief operating officer. He currently serves on the board of directors for UBS Americas Holdings and holds a senior advisory position at McKinsey in banking and securities since 2024. His appointment comes at a crucial time as ISG works to reverse its revenue decline of 14.39% over the last twelve months. InvestingPro data reveals that analysts expect the company to return to profitability this year, with several additional insights available to subscribers.
Michael P. Connors, chairman and chief executive officer of ISG, expressed confidence in Molinaro’s capabilities, citing his extensive background as an asset to the company’s growth and commitment to leveraging artificial intelligence (AI) for operational excellence.
The announcement also marks the retirement of Neil G. Budnick, who served on the ISG board and as audit committee chair since 2011. Connors acknowledged Budnick’s contributions to the company’s development over his tenure.
ISG, founded in 2006, specializes in AI-driven technology research and advisory services, serving a broad client base that includes 75 of the world’s top 100 enterprises. The firm prides itself on its market data, knowledge of provider ecosystems, and the expertise of its 1,600 professionals worldwide. Notable for investors, the company offers a significant dividend yield of 5.86% and appears undervalued according to InvestingPro Fair Value metrics. For detailed analysis and additional insights, investors can access the comprehensive Pro Research Report available on InvestingPro, covering this and 1,400+ other US equities.
The information is based on a press release statement from Information Services Group.
In other recent news, Information Services Group Inc. announced the extension of Chairman and CEO Michael P. Connors’ employment contract until December 31, 2029. This extension includes a grant of $350,000 in restricted stock units, which will vest based on the company’s stock performance, specifically requiring a 20% increase over any 45-day period before the end of 2027. Additionally, Connors is eligible for a $500,000 cash payment if the company achieves at least a 50% increase in reported Adjusted EBITDA for the fiscal years ending in 2025, 2026, or 2027, compared to 2024. The decision to extend Connors’ contract underscores the company’s commitment to maintaining its current leadership. Connors has been leading the company since December 2011, navigating through various growth and strategic phases. Details of the contract amendment, including the compensatory arrangements, were filed with the U.S. Securities and Exchange Commission. The full text of the amendment is available in the SEC filing for those seeking further information. These developments reflect the company’s strategic plans for sustained leadership and growth.
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