iPass Inc. (NASDAQ:IPAS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 16, 2018, Michael M. Chang and Damien J. Park informed iPass that they decline to stand for reelection at the 2018 Annual Meeting of Stockholders of iPassInc., scheduled to occur on June 13, 2018. Their decisions were not prompted by any disagreement with policy or practice at iPass, but rather was in part to assist iPass in its cost cutting efforts.
On April 18, 2018, the Board of Directors of iPass appointed David Panos as a member of the Compensation Committee, and Michael Tedesco as a member of the Corporate Governance and Nominating Committee, effective at the commencement of the 2018 Annual Meeting of Stockholders.
About iPass Inc. (NASDAQ:IPAS)
iPass Inc. (iPass), is a provider of global mobile connectivity, offering wireless fidelity (Wi-Fi) on mobile devices. The Company, through its Mobile Connectivity Services segment, offers a cloud-based solution allowing its customers and their users’ access to its global Wi-Fi network to stay connected to the people and information. The Company has categorized its services into two approaches: Enterprise and Strategic Partnerships. Enterprise, formerly Open Mobile Enterprise (OME), focuses on providing mobile connectivity solutions to enterprises, from large to small. Strategic Partnerships, formerly Open Mobile Exchange (OMX), is executed through business development deals intended to open channel distributions for its product to reach the consumer market. Strategic Partnerships include global Original Equipment Manufacturers (OEMs), programs, including credit card companies, software product and service providers, and communication companies.