MDC PARTNERS INC. (NASDAQ:MDCA) 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.
Appointment of Charlene Barshefsky as New Independent Director
On April 8, 2019, the Company’s Board of Directors voted to increase the size of the Board of Directors from nine (9) directors to ten (10) directors and appoint Charlene Barshefsky as a new director to the Board of Directors. On April 8, 2019, the Company issued a press release announcing the appointment of Ms. Barshefsky as a new director.
Ms. Barshefsky will join the Company’s Board as an independent director, effective immediately, for a term extending through the date of the Company’s 2019 annual meeting of stockholders. Ms. Barshefsky was nominated and appointed to that certain Securities Purchase Agreement by and between the Company and Stagwell Agency Holdings LLC, dated as of March 14, 2019. Ms. Barshefsky was also appointed as a member of the Company’s Audit Committee and the Nominating & Corporate Governance Committee.
In connection with her service on the Board of Directors, Ms. Barshefsky will receive the same reimbursement (including of travel expenses, if applicable), indemnification and insurance coverage for her service as other non-employee directors.
Item 9.01. Financial Statements and Exhibits.
| 99.1 | Press release dated April 8, 2019. |
MDC PARTNERS INC Exhibit
EX-99.1 2 tv518401_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 PRESS RELEASE FOR IMMEDIATE ISSUE FOR: MDC Partners Inc. CONTACT: Alexandra Delanghe 745 Fifth Avenue,…
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About MDC PARTNERS INC. (NASDAQ:MDCA)
MDC Partners Inc. is a provider of marketing, advertising, activation, communications and strategic consulting solutions. The Company’s segment is Advertising and Communications. It operates through a network of Partner Firms. The Advertising and Communications segment consists of integrated marketing consulting services to Partner Firms that offers advertising, marketing, media, communications solutions, and specialized consumer insights and analytics, including global advertising and marketing services; media buying, planning and optimization; interactive and mobile marketing; direct marketing; public relations; corporate communications; market research; corporate identity and branding services; sales promotion; the design, development, research and implementation of consumer services, and direct marketing services. In addition, certain firms also provide consumer activation services, investor relation services and/or general public insights.