DIGITAL TURBINE, INC. (NASDAQ:APPS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02
On July 2, 2019 Paul Schaeffer, a director of Digital Turbine, Inc. (the “Company”) since August 2007, resigned from the Company’s board of directors (the "Board"). Mr. Schaeffer has served on the Board for approximately 12 years. During this time, he made many contributions to the success and growth of the Company, drawing on a wealth of business experience. The Board will pay a pro-rata portion of Mr. Schaeffer’s board compensation, which would have been vested or received as of our next annual meeting, in recognition of his many years of serving the Company. Mr. Schaeffer’s resignation follows the recent appointment of Michelle Sterling to the Board, facilitating an orderly succession. On behalf of the Board, the management team and our shareholders, the Company thanks Mr. Schaeffer for his distinguished service to Digital Turbine. Mr. Schaeffer’s resignation is not the result of any disagreements with the Board or the Company on matters related to the Company’s operations, policies or practices.
About DIGITAL TURBINE, INC. (NASDAQ:APPS)
Digital Turbine, Inc. is engaged in delivering end-to-end products and solutions for mobile operators, application advertisers, device original equipment manufacturers (OEMs) and other third parties to enable them to monetize mobile content. The Company operates its business in two operating segments: Advertising and Content. The Advertising segment consists of two businesses: Operator and OEM (O&O) and Advertiser and Publisher (A&P). The O&O business is an advertiser solution for carrier and OEM inventory consisting of services, such as Ignite, a mobile device management platform and Discover, an intelligent application discovery platform. Its A&P business is a mobile user acquisition network across the world consisting of services, such as syndicated network and real time bidding (RTB). The Content segment consists of services, including Marketplace, which is an application and content store, and Pay, which is a content management and mobile payment solution.
