Richard Osgood, Chairman of the Board, said, “We welcome Rimmy to the board. Rimmy’s vast experience as a seasoned board advisor will serve us well as we continue to execute on our strategic priorities and enhance value for shareholders. We are confident that his perspectives will add value in the boardroom and in the operational oversight of the company.”
Richard Danforth, Chief Executive Officer of Genasys, added, “Over the past several years of his ownership in Genasys, Rimmy has been a consistent voice of reason and counsel. I look forward to working more closely with Rimmy as we execute against our growth strategy.”
“As a longstanding shareholder, I look forward to working with management and my fellow Board members to help guide the company’s strategy and future capital allocation decisions. Genasys’ future is bright, and I am pleased to play a role,” said Mr. Malhotra.
With the addition of Mr. Malhotra to the Board of Directors, the board consists of seven members, six of whom are independent. Mr. Malhotra will stand for election at Genasys’ 2025 Annual Meeting of Shareholders as part of the company’s recommended slate of director nominees.
