OneSpan™ Inc. (NASDAQ: OSPN), a global leader in software for
trusted identities, e-signatures and secure transactions, today
announced the nomination of Marc D. Boroditsky and Dr. Marc Zenner
to stand for election to the company’s board of directors at its
2019 annual meeting of stockholders on June 12, 2019.
Mr. Boroditsky is the Senior Vice President of Sales at Twilio
Inc. (NYSE: TWLO), a cloud communications platform-as-a-service
company for building SMS, voice and messaging applications using
its web service APIs. Dr. Zenner is a former investment banker,
managing director and global co-head of Corporate Finance Advisory
at J.P. Morgan (NYSE: JPM).
“The Board has been active with its refreshment initiatives over
the last several years and we expect to significantly benefit from
the added expertise and new perspectives that these nominees
bring,” said OneSpan Board Chair, John N. Fox, Jr. “Today's
announcement demonstrates the Board's focus on growing our software
and cloud-based offerings in our financial services target
market.”
“Marc Boroditsky and Dr. Zenner bring a wealth of experience
that complements the strengths of our existing board members,” said
OneSpan CEO, Scott Clements. “We expect them to make important
contributions to our business strategy, our capital allocation
policy, and our acquisition program.”
Mr. Boroditsky and Dr. Zenner are being nominated at the 2019
annual meeting of stockholders along with the existing six
directors, who will stand for re-election. If all nominees are
elected, the board will expand to eight directors, including six
independent directors.
About Marc D. Boroditsky
Mr. Boroditsky has been the Senior Vice President of Sales at
Twilio Inc. (NYSE: TWLO) since May 2017 and before that its VP and
General Manager of Authentication Solutions from February 2015.
Prior to Twilio, Mr. Boroditsky was President and COO of Authy, a
software authentication company, from September 2014 until it was
acquired by Twilio in February 2015. Prior to Authy, Mr. Boroditsky
was VP of Identity and Access Management at Oracle.
Mr. Boroditsky has more than 30 years of experience with
technology companies and has founded and financed four software
companies in electronic medical records, authentication and
identity management. He successfully sold Authy to Twilio and
Passlogix to Oracle.
About Dr. Marc Zenner
Dr. Zenner was an investment banker for 10 years at J.P. Morgan
until September 2017. Prior to J.P. Morgan, he was an investment
banker for six years at Citigroup. At J.P. Morgan, Dr. Zenner was a
Managing Director and Global Co-Head of Corporate Finance Advisory.
At Citigroup, he was a Managing Director and Global Head of the
Financial Strategy Group. In addition to investment banking, Dr.
Zenner had a distinguished career as a professor where he taught
undergraduate, MBA and PhD students in finance at the University of
North Carolina Chapel Hill, Kenan-Flagler Business School. He
received numerous awards for his teaching and is the author of a
wealth of academic and business articles. Dr. Zenner is originally
from Belgium where he received an undergraduate degree in business
engineering from the Katholieke Universiteit in Leuven. He then
received an MBA from City University in London, U.K., and a Ph.D.
in Financial Economics from Purdue University in West Lafayette,
Indiana where he was a Fulbright Scholar. Dr. Zenner currently
serves on the board of directors of Sentinel Energy Services
(NASDAQ: STNL) where he is the Chairman of the Audit Committee and
a member of the Nominating and Corporate Governance Committee. Dr.
Zenner also provides strategic advice to various public and private
companies.
About OneSpan
OneSpan enables financial institutions and other organizations
to succeed by making bold advances in their digital transformation.
We do this by establishing trust in people’s identities, the
devices they use, and the transactions that shape their lives. We
believe that this is the foundation of enhanced business enablement
and growth. More than 10,000 customers, including over half of the
top 100 global banks, rely on OneSpan solutions to protect their
most important relationships and business processes. From digital
onboarding to fraud mitigation to workflow management, OneSpan’s
unified, open platform reduces costs, accelerates customer
acquisition, and increases customer satisfaction. Learn more about
OneSpan at OneSpan.com and
on Twitter, LinkedIn and Facebook.
Copyright© 2019 OneSpan North America Inc., all rights reserved.
OneSpan™ is a registered or unregistered trademark of OneSpan North
America Inc. or its affiliates in the U.S. and other countries.
Investor contact:
Joe Maxa Director of Investor Relations M: +1-612-247-8592 O:
+1-312-766-4009 joe.maxa@onespan.com
Important Additional Information
OneSpan, its directors and certain of its officers may be deemed
to be participants in the solicitation of proxies from OneSpan’s
shareholders in connection with OneSpan’s 2019 Annual Meeting of
Shareholders. Information regarding the names of OneSpan’s
directors and executive officers is set forth in OneSpan’s proxy
statement for the 2019 Annual Meeting of Shareholders filed with
the U.S. Securities and Exchange Commission (the “SEC”) on April
26, 2019. Other information regarding the participants in the proxy
solicitation and a description of their direct and indirect
interests, by security holdings or otherwise, is contained in the
2019 proxy statement and other related materials (if any) in
connection with the 2019 Annual Meeting of Shareholders. Additional
information about OneSpan, our 2018 results, risk factors and other
information can be found in OneSpan’s annual report on Form 10-K
for the year ended December 31, 2018 filed with the SEC on March
15, 2019.
ONESPAN SHAREHOLDERS AND OTHER INVESTORS ARE STRONGLY ENCOURAGED
TO READ THE 2019 PROXY STATEMENT (INCLUDING ANY AMENDMENTS AND
SUPPLEMENTS) AND PROXY CARD AND SUCH OTHER RELATED MATERIALS AS
THEY CONTAIN IMPORTANT INFORMATION.
These documents, including any proxy statement (and amendments
or supplements thereto) and other related materials filed by
OneSpan with the SEC, are available for no charge at the SEC’s
website at www.sec.gov and at OneSpan’s website
at investors.onespan.com. Copies may also be obtained by
contacting OneSpan by mail at 121 West Wacker Drive, 20th Floor,
Chicago, IL 60601, Attention: Corporate Secretary or by telephone
at 312-766-4001.
Forward Looking Statements
This news release contains forward-looking statements, made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, including statements relating to:
our business activities; our strategy, products and plans; the
potential of our business; capital allocation and investment
strategy; the potential election of our Director nominees to the
OneSpan Board of Directors; the potential expansion of the OneSpan
Board of Directors at the 2019 annual meeting of stockholders; and
the expected benefits from the potential election to the OneSpan
Board of Directors of our Director nominees. These forward-looking
statements may be accompanied by words such as “aim,” “anticipate,”
“believe,” “could,” “estimate,” “except,” “forecast,” “intend,”
“may,” “plan,” “potential,” “possible,” “will,” “would” and other
words and terms of similar meaning. You should not place undue
reliance on these statements.
These statements involve risks and uncertainties that could
cause actual results to differ materially from those reflected in
such statements. Factors that could materially affect our business
and financial results include, but are not limited to, market
acceptance of our products and solutions and competitors’
offerings, the potential effects of technological changes, and the
increasing frequency and sophistication of hacking attacks, as well
as those factors set forth in our Form 10-K (and other forms) filed
with the Securities and Exchange Commission. Our SEC filings
and other important information can be found on the Investor
Relations section of our website at investors.onespan.com. We do
not have any intent, and disclaim any obligation, to update the
forward-looking information to reflect events that occur,
circumstances that exist, or changes in our expectations after the
date of this press release.
Source: OneSpan Inc.
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