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SilverBox Corp IV, a blank check company, has announced the appointment of Reed Seaton to its Board of Directors, effective today. Seaton, with a vast experience in the sports construction sector, joins the company's Nominating and Corporate Governance Committee, Compensation Committee, and Audit Committee.
At 63, Reed Seaton brings over four decades of industry expertise to SilverBox Corp IV. He currently manages Seaton Asset L.P., a family office that invests in start-ups across various sectors. Previously, Seaton founded Hellas Construction, Inc., where he served as President and CEO until May 2024, growing the company to $625 million in annual revenue in 2023.
His career began in 1981 at Ritche Corp, which he later purchased and renamed Southwest Track Builders. Seaton's leadership roles extended to American Sports Products Group and other notable companies within the industry.
SilverBox Corp IV has also entered into a standard indemnity agreement with Seaton, similar to the agreements with other directors. Seaton is also a signatory to the letter agreement related to the company's initial public offering, which includes provisions for voting in favor of the company's initial business combination and other related matters.
The company has clarified that there are no familial ties between Seaton and any current directors or executive officers, and his appointment is not the result of any arrangement with external parties. Moreover, Seaton has not been involved in any transactions with the company that would require disclosure under SEC regulations.
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