Mr. Lazzarato has extensive Director experience
with public and private company Boards with a focus on strategy,
governance, leadership, finance, risk and compensation
Thunderbird Entertainment Group Inc. (TSXV: TBRD, OTCQX:
THBRF) (“Thunderbird” or the “Company”) is
pleased to announce the appointment of David Lazzarato to the
Company’s Board of Directors (the “Board”) as the newest
independent member, effective today. Mr. Lazzarato has a proven
track record of success in leading growth, significant
transformational changes and financial restructurings in the media,
broadcast and telecommunications industries.
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the full release here:
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Thunderbird Entertainment welcomes David
Lazzarato to its Board of Directors (Photo: Business Wire)
The appointment of Mr. Lazzarato enhances Thunderbird’s
financial and operational expertise as the Company continues to
maintain its industry-leading position. He has also been appointed
Chair of the Strategic Advisory Committee.
“We are very pleased to welcome David to our Board of
Directors,” said Jennifer Twiner McCarron, CEO and Board Chair of
Thunderbird. “His knowledge of the business of entertainment and
content production, and his deep Director-level experience,
focusing on strategy, governance and finance, makes him an
incredible addition to our Board as we move forward at
Thunderbird.”
Mr. Lazzarato currently serves on Dublin-based Flutter
Entertainment’s Board and as Chair of its Risk and Sustainability
Committee, and on Canopy Growth’s Board and as its Chair of the
Audit Committee. He was previously Chair of the Boards of Hamilton
Health Sciences and McMaster University, both in Hamilton. His
impressive career also includes senior executive positions with
Alliance Atlantis Communications, Allstream, Bell Canada and CAE.
Mr. Lazzarato holds a B.Comm from McMaster University and an FCPA
in Ontario. He has also earned his ICD.D designation from the
Rotman School of Management.
“Thunderbird Entertainment is an outstanding Canadian-based
production and distribution company that has deservedly received
scores of accolades and awards for its content and approach to the
business. I look forward to working with Jennifer, her team, and
the Board as we continue to grow the Company and strive to maximize
stakeholder value,” said Mr. Lazzarato.
Mr. Lazzarato joins current Board members Jennifer Twiner
McCarron (Board Chair), Asha Daniere (Lead Director), Lisa Coulman,
Taylor Henderson, Azim Jamal and Jérôme Levy.
The Board has authorized the grant of an aggregate of 40,000
stock options to David Lazzarato in accordance with the terms of
the Company’s stock option plan. The options are exercisable at a
price of $1.91 per share and have a seven-year term, subject to
vesting provisions. In addition, the Company has granted an
aggregate of 33,831 restricted share units (“RSUs”) to Mr.
Lazzarato, under the terms of the Company’s equity incentive
compensation plan. The RSUs will vest on the one-year anniversary
of the date of the grant. Each vested RSU entitles the holder to
receive one common share of the Company.
For information on Thunderbird and to subscribe to the Company’s
investor list for news updates, go to www.thunderbird.tv.
ABOUT THUNDERBIRD ENTERTAINMENT GROUP
Thunderbird Entertainment Group is a global award-winning,
full-service multiplatform production, distribution and rights
management company, headquartered in Vancouver, with additional
offices in Los Angeles and Ottawa. Thunderbird creates
award-winning scripted, unscripted, and animated programming for
the world’s leading digital platforms, as well as Canadian
and international broadcasters. The Company develops, produces, and
distributes animated, factual, and scripted content through its
various content arms, including Thunderbird Kids and Family (Atomic
Cartoons), Thunderbird Unscripted (Great Pacific Media) and
Thunderbird Scripted. Productions under the Thunderbird umbrella
include The Last Kids on Earth, Molly of Denali, Highway Thru Hell,
Deadman’s Curse, Kim’s Convenience and Reginald the Vampire.
Thunderbird Distribution and Thunderbird Brands manage global media
and consumer products rights, respectively, for the Company and
select third parties. Thunderbird is on Facebook, Twitter, and
Instagram at @tbirdent. For more information, visit:
www.thunderbird.tv.
SOURCE Thunderbird Entertainment Group Inc.
Neither the TSX-V nor its Regulation Services Provider (as that
term is defined in the policies of the TSX-V) accepts
responsibility of the adequacy or accuracy of this release, which
has been prepared by management.
Cautionary Statement Regarding Forward-Looking
Information
Thunderbird’s public communications may include written or oral
“forward-looking statements” and “forward-looking information” as
defined under applicable Canadian securities legislation. All such
statements may not be based on historical facts that relate to the
Company’s current expectations and views of future events and are
made pursuant to the “safe harbour” provisions of applicable
securities laws.
Forward-looking statements or information may be identified by
words such as “anticipate”, “continue”, “estimate”, “expect”,
“forecast”, “may”, “will”, “plan”, “project”, “should”, “believe”,
“intend”, or similar expressions concerning matters that are not
historical facts. Forward-looking statements in this document
include, but are not limited to, statements with respect to the
Board and management continuing to grow the Company and striving to
maximize stakeholder value and the RSU vesting schedule.
Forward-looking statements are necessarily based on a number of
estimates and assumptions that, while considered reasonable, are
subject to known and unknown risks, uncertainties and other factors
which may cause actual results and future events to differ
materially from those expressed or implied by such forward-looking
statements. Such factors include, but are not limited to: general
business, economic and social uncertainties; litigation,
legislative, environmental and other judicial, regulatory,
political and competitive developments; product capability and
acceptance; international risk and currency exchange rates; and
technology changes. An assessment of these risks that could cause
actual results to materially differ from current expectations is
contained in the “Risks and Uncertainty” section of June 30, 2023
MD&A. The foregoing is not an exhaustive list. Additional risks
and uncertainties not presently known to Thunderbird or that
management believes to be less significant may also adversely
affect the Company.
The forward-looking statements or information contained in this
document represent the Company’s views as of the date hereof and as
such information should not be relied upon as representing the
Company’s views as of any date subsequent to the date of this
document. The Company undertakes no obligation to update publicly
or revise any forward-looking statements or information, whether as
a result of new information, future events or otherwise, unless so
required by applicable securities laws. Accordingly, readers are
cautioned not to place undue reliance on forward-looking statements
or information.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240205751884/en/
Media Relations Contacts: Lana Castleman, Director,
Marketing & Communications Phone: 416-219-3769 Email:
lcastleman@thunderbird.tv
Corporate Communications Julia Smith Finch Media Email:
Julia@finchmedia.net
Investor Relations Contact: Glen Akselrod, Bristol
Capital Phone: + 1 905.326.1888 ext 1 Email: glen@bristolir.com
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