BSM Technologies Inc. Announces Changes to Board of Directors

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[{"type":"text","content":"\n\n\n\nBSM Technologies Inc. Announces Changes to Board of Directors\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n\n\n\n\n\n\nBSM Technologies Inc. Announces Changes to Board of Directors\nCanada NewsWire\nTORONTO, June 28, 2016\n\n\n\nTORONTO, June 28, 2016 /CNW/ - BSM Technologies Inc. (\"BSM\" or the \"Company\") (TSX: GPS), a leading provider of remote monitoring, fleet management, and fleet diagnostics today announced that it has entered into an agreement (the \"Agreement\") with Crescendo Partners II LP, Series R2 and Crescendo Partners III LP, two funds that Crescendo Advisors II LLC manages (collectively, \"Crescendo\"), and its joint actor, Jamarant Capital, L.P. (the \"Significant Shareholders\") pursuant to which the Company has agreed to appoint three nominees of the Significant Shareholders (the \"Nominees\") to the board of directors of BSM (the \"Board\"). Pursuant to the Agreement, Pierre Bélanger and John Gildner have each tendered their resignations as directors of the Company and the Board has determined to increase the size of the Board to seven directors. Kelly Edmison, Greg Monahan and David Sgro have each been appointed to fill the resulting vacancies on the Board. Following these changes, the Board is comprised of Messrs. Andrew Gutman, Aly Rahemtulla, Frank Maw, Leonard Metcalfe, Kelly Edmison, Greg Monahan and David Sgro.\n\n\"Kelly, Greg and David bring unique skill-sets and expertise that will be invaluable to our Board,\" said Andrew Gutman, Chairman of the Board, \"With a combination of significant capital markets experience and industry specific acumen, they are welcomed additions. The Board is committed to ensuring that BSM continues to build a strong operational foundation that will position the Company for growth in 2017. I look forward to working with Kelly, Greg and David to drive further value for our shareholders.\" \n\nMr. Gutman continued: \"On behalf of the Board, I would like to thank Pierre Bélanger and John Gildner for their years of service and wish them well in their future endeavors.\...

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