XPEL Announces Change to Board of Directors
28 Junho 2023 - 5:05PM
Business Wire
XPEL, Inc. (Nasdaq: XPEL) (the "Company"), a global provider of
protective films and coatings, today announced that Mark Adams
retired from the Company’s Board of Directors (the “Board”),
effective June 27, 2023.
Ryan Pape, Chairman of the Board and Chief Executive Officer of
XPEL, stated, “We thank Mark for his many years of service on the
Board and his role of Lead Independent Director. Mark has made many
meaningful contributions to the Company over these years. We wish
him all the best as he steps away from the Board.”
Mark Adams stated, “I am very proud to have served as the
Board’s Lead Independent Director, and to have played a small part
in the extraordinary success story of XPEL these last 13 years.
Serving on this Board has been my distinct honor and privilege, and
a highlight of my business career.”
The Company is currently working to expand the Board from five
to seven members and will replace Mr. Adams from the candidates
identified through that on-going process.
About XPEL, Inc.
XPEL is a leading provider of protective films and coatings,
including automotive paint protection film, surface protection
film, automotive and architectural window films, and ceramic
coatings. With a global footprint, a network of trained installers
and proprietary DAP software, XPEL is dedicated to exceeding
customer expectations by providing high-quality products, leading
customer service, expert technical support and world-class
training. XPEL, Inc. is publicly traded on Nasdaq under the symbol
“XPEL”.
Safe harbor statement
This release includes forward-looking statements regarding XPEL,
Inc. and its business, which may include, but is not limited to,
anticipated use of proceeds from capital transactions, expansion
into new markets, and execution of the Company's growth strategy.
Often, but not always, forward-looking statements can be identified
by the use of words such as "plans," "is expected," "expects,"
"scheduled," "intends," "contemplates," "anticipates," "believes,"
"proposes" or variations (including negative variations) of such
words and phrases, or state that certain actions, events or results
"may," "could," "would," "might" or "will" be taken, occur or be
achieved. Such statements are based on the current expectations of
the management of XPEL. The forward-looking events and
circumstances discussed in this release may not occur by certain
specified dates or at all and could differ materially as a result
of known and unknown risk factors and uncertainties affecting the
Company, performance and acceptance of the Company's products,
economic factors, competition, the equity markets generally and
many other factors beyond the control of XPEL. The factors are
discussed in detail in our most recent Form 10-K (including under
Item 1A: Risk Factors) filed with the SEC. Although XPEL has
attempted to identify important factors that could cause actual
actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors
that cause actions, events or results to differ from those
anticipated, estimated or intended. No forward-looking statement
can be guaranteed. Except as required by applicable securities
laws, forward-looking statements speak only as of the date on which
they are made and XPEL undertakes no obligation to publicly update
or revise any forward-looking statement, whether as a result of new
information, future events, or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20230628738949/en/
For more information, contact: Investor Relations: John
Nesbett/Jennifer Belodeau IMS Investor Relations Phone: (203)
972-9200 Email: jnesbett@institutionalms.com
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