Return to Independent Chairman of the Board
Adds Two New Highly-Qualified Independent Directors to the Board
CHICAGO--(BUSINESS WIRE)--Jul. 30, 2018--
InnerWorkings, Inc. (NASDAQ: INWK), the leading global marketing
execution firm, announced today that following the Company’s September
6, 2018 Annual Meeting of Stockholders, the Company’s Lead Independent
Director, Jack Greenberg, will return to his role as Chairman of the
Board of Directors, a role he previously held from June 2010 to April
2018. The Company’s current Executive Chairman of the Board, Eric
Belcher, will continue to serve on the Board through December 31, 2018,
at which time he will retire from the Board.
Linda Wolf, Chairwoman of the Nominating and Corporate Governance
Committee, said, “The Board has long benefited from having an
independent director in the chairman role. Given how well the CEO
transition process is going, we are now well positioned to return to
that governance framework under Jack’s strong leadership. I want to
thank Eric for serving in the chairman capacity to support an effective
Additionally, the Board of Directors has resolved to appoint Lindsay
Corby and Adam Gutstein as independent directors to the Board.
Ms. Corby is a highly skilled financial executive and recognized leader
who currently serves as Executive Vice President and Chief Financial
Officer of Byline Bank and is a Certified Public Accountant. She was
previously a Director on the Board of QCR Holdings, Inc., where she
served as Chairperson of the Risk Committee and member of the Audit
Committee. Prior to joining Byline Bank, Ms. Corby spent 12 years in
investment banking and private equity. Ms. Corby’s appointment to the
Board is effective immediately.
Mr. Gutstein is a former Partner and current Vice Chairman of PwC US.
Before joining PwC in 2010, Mr. Gutstein was Chief Executive Officer of
Diamond Management & Technology Consultants, a publicly traded global
professional services firm that he co-founded. During his 16-year
tenure, Mr. Gutstein guided multidisciplinary teams globally in
delivering client value through developing growth strategies, improving
operations, and capitalizing on technology. Diamond experienced strong
organic growth in revenue, profitability, and cash flow under his
leadership. Mr. Gutstein is already familiar with InnerWorkings, having
served on the Board in 2010 before joining PwC. Mr. Gutstein’s
appointment to the Board is effective October 1, 2018, following his
planned retirement from PwC.
Jack Greenberg said, “The Board is pleased to welcome two outstanding
new independent directors in Lindsay and Adam. Lindsay’s accounting and
financial background and Adams’s industry expertise and operational
track record will enhance the Board’s ability to guide the Company in
delivering long-term shareholder value. The addition of Lindsay will
also bring the representation of women on the Board to one-third of the
directors, a further step in the Board’s strong commitment to diversity.
Together with our new CEO, Rich Stoddart, the Board has now added three
new directors this year and refreshed one-third of the Board in less
than six months.”
InnerWorkings, Inc. (NASDAQ: INWK) is the leading global marketing
execution firm serving Fortune 1000 brands across a wide range of
industries. As a comprehensive outsourced enterprise solution, the
Company leverages proprietary technology, an extensive supplier network
and deep domain expertise to streamline the production of branded
materials and retail experiences across geographies and formats.
InnerWorkings is headquartered in Chicago, IL and employs 2,100
individuals to support global clients in the execution of multi-faceted
brand campaigns in every major market around the world. Among the many
industries InnerWorkings serves are: retail, financial services,
hospitality, consumer packaged goods, not-for-profits, healthcare, food
& beverage, broadcasting & cable, automotive, and transportation. For
more information visit: www.inwk.com.
Additional Information and Where to Find It
The Company, its directors and certain of its executive officers are
participants in the solicitation of proxies from the Company’s
stockholders in connection with the matters to be considered at
Company’s upcoming 2018 Annual Meeting of Stockholders (“Annual
Meeting”). The Company intends to file with the SEC an amended and
restated proxy statement (the “Amended Proxy Statement”) and proxy card
in connection with its solicitation of proxies from the Company’s
stockholders for the Annual Meeting. STOCKHOLDERS OF THE COMPANY ARE
STRONGLY ENCOURAGED TO READ THE AMENDED PROXY STATEMENT (INCLUDING ANY
SUPPLEMENTS OR AMENDMENTS THERETO), THE ACCOMPANYING PROXY CARD AND ANY
OTHER RELEVANT DOCUMENTS THAT THE COMPANY FILES WITH THE SEC WHEN THEY
BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.
Detailed information regarding the identity of participants and their
direct or indirect interests, by security holdings or otherwise, will be
set forth in the Amended Proxy Statement. To the extent holdings of such
participants in the Company’s securities may change after the filing of
the Amended Proxy Statement, such changes will be reflected on Initial
Statements of Beneficial Ownership on Form 3 or Statements of Change in
Ownership on Form 4 filed with the SEC and available on the ‘investor
relations’ section of the Company’s website at http://investor.inwk.com.
Additional details concerning the Board’s nominees for the Annual
Meeting will be set forth in the Amended Proxy Statement and other
materials to be filed with the SEC in connection with the Annual
Meeting. Stockholders will be able to obtain a copy of the Amended Proxy
Statement, any supplements or amendments thereto and other documents
filed by the Company with the SEC for no charge at the SEC’s website at http://www.sec.gov.
Copies can also be obtained at no charge on the ‘investor relations’
section of the Company’s website at http://investor.inwk.com,
by writing to the Company at Investor Relations, InnerWorkings, Inc.,
600 West Chicago Avenue, Chicago, IL 60654, or by calling Bridget Freas,
Vice President, Finance and Investor Relations, at (312) 589-5613.
This release contains statements relating to future results. These
statements are forward-looking statements under the federal securities
laws. We can give no assurance that any future results discussed in
these statements will be achieved. Any forward-looking statements
represent our views only as of today and should not be relied upon as
representing our views as of any subsequent date. These statements are
subject to a variety of risks and uncertainties that could cause our
actual results to differ materially from the statements contained in
this release. For a discussion of important factors that could affect
our actual results, please refer to our SEC filings, including the “Risk
Factors” section of our most recently filed Form 10-K/A.
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Source: InnerWorkings, Inc.