DIGILITI MONEY GROUP, INC. (NASDAQ:DGLT) 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 Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers
On April 19, 2017, the Board of Directors (the Board) of Digiliti
Money Group, Inc. (the Company), upon the recommendation of its
Nominating/Corporate Governance Committee appointed Brittany
McKinney to fill the vacancy so created effective April 19, 2017.
As previously disclosed by the Company on a Current Report on
Form 8-K, filed on March 22, 2017, Liyuan Woo, the chairperson of
the Audit Committee and a member of the Corporate Governance
Committee, resigned from the Companys Board of Directors as a
result of a conflict of interest with her new employer and not
due to any disagreement with the Company or any of its directors
or executive officers. Ms. McKinney will serve as the chair of
the the Audit Committee of the Companys Board. The Board
determined that Ms. McKinney is an audit committee financial
expert.
Ms. McKinney is a founding partner of Oliver Brave, a management
consulting firm that partners with its clients on strategic
initiatives to accelerate business performance and increase
enterprise value. She has deep strategic, financial, and
operating expertise with over 20 years of experience in the
technology industry with significant mergers and acquisitions
experience.
Previously, Ms. McKinney served as President and Chief Executive
Officer for Analysts International (AIC), a $100M publicly traded
IT staffing and services company with nearly 1,000 employees and
15 US offices. Prior to holding the CEO position, Ms. McKinney
served as Senior Vice President of AICs Central Region and
Solutions Practices and as Vice President of Corporate
Development. Prior to joining AIC, Ms. McKinney served in various
leadership and operations roles at Fujitsu, BORN Information
Systems, Manchester Companies and Accenture.
Ms. McKinney earned a B.S. degree in Accounting and a MBA – both
from St. Cloud State University. She also sits on the Board of
Trustees for the St. Cloud State University Foundation. Ms.
McKinney holds a CPA license (inactive).
With the appointment of Ms. McKinney, the Company believes its
audit committee will be in compliance with the independent
director audit committee requirements to Listing Rule 5605.
Ms. McKinney has no family relationship with any other officer or
director of the Company. Neither Ms.McKinney nor any immediate
family member of Ms. McKinney has a material interest in any
transaction with the Company involving the payment or receipt of
at least $120,000.
About DIGILITI MONEY GROUP, INC. (NASDAQ:DGLT)
Digiliti Money Group, Inc., formerly Digiliti Money, Inc., is a technology solutions and services provider to the financial services industry. The Company’s solutions and services enable its clients, such as banks, credit unions and alternative financial services providers (AFS) to offer their customers remote deposit capture (RDC) and prepaid mobile money technologies and related services. It offers RDC products for businesses and consumers; mobile money management products for consumers, and training and support services for its financial services industry customers. The RDC products are offered to banks and credit unions in the United States, Canada and Latin America. Its mobile money management products are offered to traditional financial institutions (FIs), as well as AFS in the United States, Canada and Latin America. These FIs and AFS providers include banks, credit unions, prepaid card issuers, check cashers and payday lenders. DIGILITI MONEY GROUP, INC. (NASDAQ:DGLT) Recent Trading Information
DIGILITI MONEY GROUP, INC. (NASDAQ:DGLT) closed its last trading session 00.00 at 3.95 with 36,613 shares trading hands.
