Microvast Holdings announces departure of chief financial officer
Resolute Holdings Management, Inc. (NASDAQ:RHLD), a company specializing in finance services, announced a reconfiguration of its board and executive team on Wednesday, coinciding with the start of "when-issued" trading of its common stock on The Nasdaq Stock Market LLC.
Effective as of the evening of Wednesday, the company’s board has expanded from two to three directors, with Joseph J. DeAngelo appointed as a new board member and chair of the Audit Committee. DeAngelo is recognized as an independent director by SEC and Nasdaq standards and is deemed an "audit committee financial expert."
In addition, at the same effective time, David M. Cote has been named Executive Chairman, Thomas R. Knott as Chief Executive Officer, and Kurt Schoen as Chief Financial Officer. These appointments are part of the organizational changes following the company’s anticipated spin-off from CompoSecure, Inc.
In conjunction with these changes, the Board has also approved the filing of an Amended and Restated Certificate of Incorporation and the implementation of Amended and Restated Bylaws, which took effect immediately after the board expansion.
Resolute Holdings Management’s move to restructure its governance framework comes as the company prepares for its next phase of growth and independence. The details surrounding the executive compensation, biographical information, and the roles of the newly appointed members can be found in the company’s final information statement from February 13, 2025, which was previously filed with the SEC.
This article is based on a press release statement.
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