Core Insights - Lightspeed Commerce Inc. has appointed Glen LeBlanc to its Board of Directors, effective July 1, 2025, to support its three-year strategy and transformation journey [1][3] - LeBlanc brings over 30 years of financial and accounting leadership experience, particularly in telecommunications and technology sectors, which is expected to enhance Lightspeed's growth and innovation [2][3] Company Overview - Lightspeed is a unified omnichannel platform serving retail and hospitality businesses in over 100 countries, focusing on growth and exceptional customer experiences [1][5] - The company offers a comprehensive suite of services including point of sale, ecommerce, embedded payments, inventory management, and financial services [6] Leadership Changes - Glen LeBlanc will also join the Audit Committee and Risk Committee, succeeding Paul McFeeters as Chair of the Audit Committee after the annual shareholders meeting on July 31, 2025 [3] - Paul McFeeters will not stand for re-election, and the company expressed gratitude for his contributions to its growth and success [4][3]

Core Viewpoint - Lightspeed Commerce Inc. has reached an agreement in principle to fully resolve proposed class action proceedings in Quebec, following the dismissal of a similar U.S. securities class action against the company, which found the allegations to lack legal basis [1][2][3]. Group 1: Settlement Details - The settlement amount is approximately $8.09 million, equivalent to C$11 million, based on an exchange rate of 0.7354 [3][4]. - The settlement is subject to approval by the Superior Court of Quebec and aims to settle all claims against the company and other defendants, with no admission of liability or wrongdoing [2][3]. Group 2: Company Transformation - The company is undergoing a transformation focused on strategic growth and aims to build a long-term profitable business for customers and shareholders [3]. - The resolution of the class action allows the company to concentrate on markets where it has a competitive advantage and to enhance customer experiences globally [3]. Group 3: Company Overview - Lightspeed operates as a unified omnichannel platform for retail and hospitality businesses in over 100 countries [1][5]. - The company provides a range of services including point of sale, e-commerce, embedded payments, inventory management, and financial services [6].