Boxlight Announces Reconstituted Board of Directors to Support Growth and Governance
Accomplished Executives, Carine Clark and Peter Fittin, Join Board, Michael Pope Named Chairman of the Board, and James Mark Elliott Rejoins Board
New Board Enables Compliance with Nasdaq Majority Independent Board Requirements
Boxlight Corporation (NASDAQ:BOXL) ("Boxlight" or the "Company"), a leading provider of interactive technology solutions, today announced the election of two independent directors to its Board of Directors (the "Board"), restoring compliance with Nasdaq majority-independent board listing requirements, as well as appointing an Audit Committee Chair, in an effort to strengthen governance as the Company enters the next phase of growth.
The Board elected Carine Clark and Peter Fittin to serve as directors with terms expiring at the Company's 2026 annual meeting of shareholders and determined that each of Ms. Clark and Mr. Fittin qualifies as an independent director under Nasdaq listing standards. Ms. Clark has been appointed to serve as the Audit Committee Chair, as well as a member of the Nominating and Governance Committee, while Mr. Fittin was appointed to serve as a member of both the Audit Committee and the Compensation Committee.
In addition, on August 14, 2025, Michael Pope, a non-executive director, was appointed Chairman of the Board, and the Board reappointed James Mark Elliott, a former CEO of Boxlight, as a non-executive director of the Company, effective immediately.
Mr. Pope has served on Boxlight's Board since September 2014. He was CEO and Chairman of Boxlight from March 2020 to January 2024 and President of Boxlight from September 2014 to January 2024.
"We are excited to welcome Carine and Peter to the Boxlight Board. Their unique experience in technology, finance and strategy will be key ingredients in our growth strategy and execution. They will bring tremendous value to our Board and the next phase of Boxlight," commented Dale Strang, Boxlight's Chief Executive Officer. "This refreshed Board positions the Company to capitalize on improving market conditions and deliver long-term value for shareholders."
As previously reported, the resignations of R. Wayne Jackson and Charles P. Amos left the Company out of compliance with Nasdaq Rule 5605(b)(1), which requires that a majority of the Board must be comprised of independent directors as defined in Nasdaq listing standards. To assist in addressing the shortfall, James Mark Elliott previously resigned from the Board on June 16, 2025.
Director Biographies
Ms. Clark is a four-time president and CEO of high-growth technology companies, recognized for helping organizations scale. She is currently CEO of First Colony Mortgage, and previously served as president and CEO at Allegiance, MartizCX and Banyan as well as Chief Innovation Officer at Lumio HX. Earlier in her career, she held senior marketing leadership roles at Novell, Altiris, and Symantec. Ms. Clark is an active investor and advisor in the SaaS sector and serves on multiple boards including Domo (Executive Chair), Nelnet Bank, the Utah Governor's Office of Economic Opportunity (Chair), and Silicon Slopes, where she supports Utah's technology ecosystem. She also works with universities and entrepreneurs across the U.S., Latin America, Israel, and Australia to advance workforce readiness and innovation. Her contributions to technology and governance have been recognized with numerous awards, including EY Entrepreneur of The Year® Award (Utah), Utah Business CEO of the Year, the National Association of Corporate Directors Outstanding Director for a Public Company, and recognition at the Sundance Film Festival's Women's Leadership Celebration. Ms. Clark holds a bachelor's degree in organizational communications and an MBA from Brigham Young University.
Mr. Fittin is a founding member and head of strategy at DogeOS, the application layer for the Dogecoin blockchain. He previously served as Senior Partnerships Manager at Offchain Labs, Inc., where he helped lead business development and marketing efforts for Arbitrum, growing it into the leading Ethereum layer-2 scaling solution with more than $20 billion in total value locked. Earlier in this career, he worked in investment banking and capital markets with B. Riley, Berkery Noyes, and Aegis Capital. Mr. Fittin holds a BA in economics from Penn State University and a Master of Science in Finance degree from Villanova University.
Mr. Elliott previously served as Boxlight's Chief Commercial Officer and as Chief Executive Officer from 2014 to 2020, overseeing the Company's expansion through acquisition and integration. He earlier served as President of Genesis, which merged with Boxlight in 2017, and as President of Promethean, Inc., where he helped grow the Americas business from $5 million to $250 million in revenue, with more than 1.3 million interactive whiteboards installed worldwide. He has also held senior leadership roles with Apple, Lawson Software, E3 Corporation, PowerCerv Technologies, Tandem Computers, and Unisys/Burroughs. Mr. Elliott holds a BBA in Economics from the University of North Georgia and an MS in Industrial Management from the Georgia Institute of Technology.
About Boxlight Corporation
Boxlight Corporation (NASDAQ:BOXL) is a leading provider of interactive technology solutions under its award-winning brands Clevertouch®, FrontRow™ and Mimio®. Boxlight aims to improve engagement and communication in diverse business and education environments. Boxlight develops, sells, and services its integrated solution suite including interactive displays, collaboration software, audio solutions, supporting accessories, and professional services. For more information about Boxlight and the Boxlight story, visit http://www.boxlight.com, https://www.clevertouch.com and https://www.gofrontrow.com.
Forward Looking Statements
This press release may contain information about Boxlight's view of its future expectations, plans and prospects that constitute forward-looking statements, including the information regarding finalization of a waiver with the Company's lender. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to: our ability to continue operating as a going concern; our ability to regain compliance with the Nasdaq Capital Market continued listing requirements and maintain a listing of our Class A common stock on Nasdaq Capital Market; our ability to comply with certain covenants, as well as minimum liquidity and borrowing base requirements under our existing credit agreement, or in the alternative, to continue to obtain forbearances or waivers from the lender thereunder; our ability to pay the redemption price of our outstanding Series B Preferred Stock and Series C Preferred Stock in the event the holders thereof were to opt to cause the Company to redeem the Series B Preferred Stock or Series C Preferred Stock; our indebtedness, a substantial amount of which is bearing interest at a variable rate; our history of operating losses; our ability to raise additional capital; changes in the sales of our display products; changes in U.S. administrative policy, including the imposition of or increases in tariffs, changes to existing trade agreements and any resulting changes in international trade relations, such as trade wars; unfavorable global economic or political conditions, including fluctuations in interest rates, inflation, declining consumer sentiment and market uncertainty, and the ongoing conflicts between Russia and Ukraine, and Israel and Hamas; changes in the spending policies or budget priorities for government funding of schools, colleges, universities, other education providers or government agencies; seasonal fluctuations in our business; changes in our working capital requirements and cash flow fluctuations; competition in our industry; our ability to enhance our products and to develop, introduce and sell new technologies and products at competitive prices and in a timely manner; our reliance on resellers and distributors to promote and sell our products; the success of our strategy to increase sales in the business and government markets; changes in market saturation for our products; challenges growing our sales in foreign markets; our dependency on third-party suppliers; our reliance on highly skilled personnel; our ability to enter into and maintain strategic alliances with third parties; war, terrorism, other acts of violence, or potential effects of future epidemics, pandemics, or other health crises; a breach in security of our electronic data or our information technology systems, including any cybersecurity attack; our ability to keep pace with developments in technology; and those other risks discussed in our filings with the Securities and Exchange Commission, including those risks discussed under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2024, as supplemented in our Quarterly Reports on Form 10-Q for the quarters ended March 31, 2025 and June 30, 2025, which discussion is incorporated herein by this reference. Such factors are not exclusive. Given these factors, risks, and uncertainties, we caution you not to place undue reliance on forward-looking statements. We expressly disclaim any obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise, except as required by law.
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Investor Relations
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