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Stock impact report

Sierra Wireless Reaches Agreement With Lion Point Capital

Sierra Wireless, Inc. (SWIR) 
Last sierra wireless, inc. earnings: 2/13 04:32 pm Check Earnings Report
Company Research Source: Business Wire
Two New Highly Qualified and Experienced Independent Directors to Join Board of Directors VANCOUVER, British Columbia--(BUSINESS WIRE)--Sierra Wireless (NASDAQ: SWIR) (TSX: SW), the leading IoT solutions provider that combines devices, network services and software to unlock value in the connected economy, today announced that it has entered into an agreement with Lion Point Capital, LP ("Lion Point"), an investment firm which holds approximately 9.4 percent of Sierra Wireless’ total shares outstanding, regarding the membership and composition of the Sierra Wireless Board of Directors (the “Board”) and its committees, as well as certain customary standstill restrictions. Under the terms of the agreement, two incumbent directors, Paul C. Cataford and Joy Chik, will step down from the Board and two new independent directors, Jim Anderson and Karima Bawa, will be appointed to the Board, effective immediately.Additionally, subject to shareholder approval of a resolution at the 2020 Ann Show less Read more
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