HURST,
Texas, Dec. 8, 2022 /CNW/ - NextPoint Financial
Inc. (TSX: NPF.U) (TSX: NPF.WT.U) ("NextPoint" or, the
"Company") announces proposed changes to its Board of
Directors (the "Board") to be submitted for approval at its
upcoming annual meeting of the shareholders of the Company (the
"AGM") to be held on December 30, 2022.
The Company is proposing to decrease the size of the Board from
nine to eight directors. Each of Jean
Birch, Andrew Neuberger and
John Lederer has indicated that he
or she will not be standing for re-election at the AGM. The
following individuals will be presented as new nominees:
Don Turkleson brings
extensive board, C-level, and public company corporate governance
leadership experience to the Board. He has held many executive,
board, and committee leadership positions with large public and
privately held companies, primarily in the energy sector. Mr.
Turkleson is a Certified Public Accountant and received a B.S. in
Accounting from Louisiana State
University. He has been a Board Governance Fellow with the
National Association of Corporate Directors and has achieved NACD
Directorship Certification as a part of his commitment to
boardroom excellence.
Maryann Bruce is an
accomplished independent director and former Fortune 100 Division
President and CEO with more than 30 years of experience in the
financial services industry. Ms. Bruce has extensive corporate
governance and committee leadership experience from serving on
boards for banks and other companies across various industries. She
earned the CERT Certificate in Cybersecurity Oversight from NACD
and the Software Engineering Institute of Carnegie Mellon
University, demonstrating her commitment to an advanced
understanding of the role of the Board and management in
cyber-risk oversight. In acknowledgment of her leadership and
expertise, Ms. Bruce was honored by Directors & Boards as one
of 20 accomplished female board members in Directors to Watch and
by US Banker appearing on "The 25 Most Powerful Women in Banking"
list.
"We wish to extend our sincere gratitude to Jean Birch, Andrew
Neuberger and John Lederer
for their contributions to the Company and wish them well in their
future endeavours," said Brent
Turner, Chief Executive Officer.
Additional information about the nominees can be found in the
management information circular furnished to the Company's
shareholders in connection with the AGM and available on SEDAR
(www.sedar.com).
Continuous Disclosure Filing Update
Further to the Company's press release dated October 24, 2022, the Company announces a filing
delay for its audited consolidated financial statements for the
year ended December 31, 2021 and the
related management's discussion and analysis, as well as the CEO
and CFO certificates and annual information form for the year ended
December 31, 2021 (collectively, the
"2021 Documents"). The Company expects to be in a
position to file the 2021 Documents no later than December 15, 2022.
About NextPoint Financial Inc.
NextPoint is an all-inclusive marketplace for financial services
empowering hardworking and underserved consumers and small
businesses. NextPoint was formed through the July 2021 acquisition of Liberty Tax, a leading
provider of tax preparation services, followed by the December 2021 acquisition of Community Tax, an
effective advocate for tax debt resolution on behalf of
customers.
SOURCE NextPoint Financial Inc.
