Genasys Completes Board of Directors Reconstitution

Core Viewpoint - Genasys Inc. has restructured its Board of Directors by appointing Mark Culhane as the new Audit Committee Chair, enhancing its governance with experienced independent directors to support the company's growth strategy [1][5]. Board Composition - The current Board consists of five independent directors and the CEO, Richard Danforth, with Mark Culhane taking over the Audit Committee Chair position [1][3]. - Caltha Seymour has resigned from her position on the Board [1]. Mark Culhane's Background - Mark Culhane has over 30 years of executive finance experience, having served as CFO for various public and private companies, including Teradata Corporation and SciClone Pharmaceuticals [2]. - He has extensive board experience, including roles as Audit Committee Chair for CallidusCloud and UserZoom [2]. Board Members' Expertise - Each Board member brings unique expertise: - Rick Osgood has experience as a co-founder and CEO of investment banks [4]. - Craig Fugate's background with FEMA and the Florida Department of Emergency Management is expected to enhance engagement with State, Local, and Education (SLED) customers [4]. - Susan Lee Schmeiser's digital marketing experience aids in the company's strategic positioning [4]. - Mark Culhane's financial expertise is anticipated to improve the company's financial processes as it grows [4]. Growth Strategy - Genasys is entering a new growth phase driven by increasing software sales, which will support further growth in its hardware business [5]. - The restructured Board aims to provide effective guidance to maximize shareholder value and leverage the company's recent changes [5]. Company Overview - Genasys Inc. is a leader in Protective Communications, offering a comprehensive portfolio of preparedness, response, and analytics software and systems [6]. - The company has been protecting people and saving lives for over 40 years, covering more than 70 million people in over 100 countries [6].