CUI Global, Inc. (NASDAQ:CUI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

CUI Global, Inc. (NASDAQ:CUI) 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 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

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July 9, 2019 the CUI Global, Inc. Board of Directors unanimously appointed James F. O’Neil to the CUI Global, Inc. Board of Directors as the Lead Independent Director and Vice Chairperson, effective July 9, 2019. James Francis O\’Neil, a veteran executive of the power industry, earned a B.S. in Civil Engineering from Tulane University in 1980. He is the principal owner of Forefront Solutions, LLC. since October 2017.

Mr. O’Neil joined Quanta Services, Inc. (Quanta) in 1999 as Vice President of Operations Integration and in 2002 advanced to Senior Vice President of Operations Integration & Audit. He continued to advance to Chief Operating Officer from October 2008 to 2011, then as the Chief Executive Officer from May 19, 2011 to March 14, 2016 and President from October 2008 to March 14, 2016.

Throughout his tenure at Quanta, he was responsible for various initiatives including the company’s growth strategy, internal audit, and merger and acquisition initiatives.

Mr. O’Neil currently serves on the board of Hennessy Capital Acquisition Corp. IV (Independent Director since February 2019), FirstEnergy Corp. (Independent Director since 2017) and NRC Group Holdings Corp. (NYSE American: NRCG) (director since 2017).

From 1980 to 1999, Mr. O\’Neil held various positions with Halliburton Company, lastly as Director, Global Deepwater Development.

Mr. O’Neil and his wife, Tracey, are personally active and loyal financial supporters of Waller/Austin Counties, Texas non-profit programs devoted to providing scholarship funds to students who participate in the 4H Club and fair programs throughout the year.

Mr. O’Neil was awarded options to purchase up to 600,000 shares of CUI common stock. These options shall vest in twelve equal quarterly tranches from the date of grant (July 9, 2019) with the first 50,000 share option vesting on the grant date, July 9, 2019, and thereafter every quarter until the 600,000 options have all fully vested.

 
 

Section 9 – Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

(d)      Exhibits

CUI Global, Inc. Exhibit
EX-99.1 2 ex_149670.htm EXHIBIT 99.1 ex_149670.htm Exhibit 99.1     JIM O’NEIL JOINS CUI GLOBAL BOARD OF DIRECTORS AS VICE-CHAIRMAN   –  Company Provides Updates on Recently Announced Transaction –   HOUSTON,…
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About CUI Global, Inc. (NASDAQ:CUI)

CUI Global, Inc. is a platform company. The Company’s segments include Power and Electromechanical, Energy and Other. The Power and Electromechanical segment includes its subsidiaries, CUI, Inc. (CUI), CUI Japan and CUI-Canada, Inc., which provide electromechanical components, including power supplies, transformers, converters, connectors and industrial controls for original equipment manufacturers (OEMs). Its Power and Electro-Mechanical segment aggregates its product offerings into over two categories: components, including connectors, speakers, buzzers, test and measurement devices, and control solutions, including encoders and sensors, and power solutions. Its Energy segment includes its subsidiaries, Orbital Gas Systems Limited (Orbital) and the Orbital Gas Systems, North America, Inc., which consist of gas related test and measurement systems, including the GasPT, a natural gas inferential metering device. The Other segment includes corporate activity.

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