Shrinking Purple board

qwerty123

qwerty123

Active Member
Joined
Jan 27, 2005
Messages
1,319
Reaction score
0
On March 3, 2010, Steven Chang tendered his resignation as a member of the Board of Directors of Purple Communications, Inc. (the “Company”), effective immediately. Mr. Chang resigned for personal reasons and not as a result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

Purple Communications, Inc. (Form: 8-K, Received: 03/10/2010 17:04:36)
 
Qwerty, do you know if this individual is deaf or hearing?
 
bondavi said:
The board is all hearing. One CODA (Ron Obray)
Click to expand...

Ron Obray is more like a consultant or maybe even Chairman of the Board since he was the owner but sold the company, right?
 
Shrinking? Not too fast. They will find someone to replace Mr. Chang.
 
GoAmerica never got anything right from the git go. ( beginning )

Ah the ole days of Wyndtell, when things was so simple !!!

Maybe, Purple need to get out of bed with GoAmerica and be a stand alone company. That is after GoAmerica pay off Purples FCC and other outstanding debts...
 
I am not surprised Purple mins is down, for sure. due to people changed their mind to not use their service.

I can't wait to see more people resign from Purple!!!
 
More Purple Board turnovers

qwerty123 said:
On March 3, 2010, Steven Chang tendered his resignation as a member of the Board of Directors of Purple Communications, Inc. (the “Company”), effective immediately. Mr. Chang resigned for personal reasons and not as a result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

Purple Communications, Inc. (Form: 8-K, Received: 03/10/2010 17:04:36)
Click to expand...


Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 10, 2010 Steven Eskenazi tendered his resignation as a member of the Board of Directors of Purple Communications, Inc. (the “Company”), effective immediately. Up until the time of his resignation, Mr. Eskenazi served as a member of the Audit Committee of the Board of Directors. Mr. Eskenazi resigned for personal reasons and not as a result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

On March 11, 2010 Christopher Gibbons tendered his resignation as a member of the Board of Directors of the Company, effective immediately. Up until the time of his resignation, Mr. Gibbons served as a member of the Compensation and Audit Committees of the Board of Directors. Mr. Gibbons resigned for personal reasons and not as a result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

On March 16, 2010, Jose Feliciano and Aaron Dobrinsky were appointed to served as members of the Board of Directors. The Board of Directors has not determined which, if any, committees Mssrs. Feliciano and Dobrinsky will be appointed to served as members.

Mr. Feliciano was appointed by Behdad Eghbali, the current sole designee of the holders of the Series A Preferred Stock of the Company. Pursuant to the Company’s certificate of incorporation, as amended to date, the holders of the Series A Preferred Stock have a right to elect two (2) members of the Company’s Board of Directors. Mr. Feliciano is a manager of CCG Operations, LLC, which is the managing member of Clearlake Capital Partners, LLC. Clearlake Capital Partners, LLC is the general manager of CCP A, L.P., which owns 7,456,480 shares of the Company’s Series A preferred Stock.

Other than Mr. Feliciano’s relationship with CCP A, L.P., neither Mr. Feliciano nor Mr. Dobrinsky was appointed as a member of the Board of Directors in connection with any arrangement or understanding between himself and any other persons.

Mr. Dobrinsky was appointed by the current members of the Board of Directors to fill an existing vacancy on the Board of Directors. Mr Dobrinsky is currently an employee of the Company and works as a strategic advisor with business development focus.


Form 8-K
 
As of yesterday, Purple stock " PRPL" is selling at .21 cents a share .... Wwaayyy down from the high of 9 bucks a share 3 plus years ago...
 
SouthFella said:
QWERTY wow any board members left ???
Click to expand...

If you were capable of reading, you would discover in the last post that it says two people resigned, and two people were appointed to serve on the board.

So far, they're down 1 board member. 3 resigned, 2 appointed.
 
Back
Top