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    CAMP   US1281261099

CALAMP CORP.

(CAMP)
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Delayed Nasdaq  -  04:00 2022-06-24 pm EDT
4.990 USD   -30.50%
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CalAmp Board of Directors Elects Henry Maier as Next Independent Chair

05/17/2022 | 07:45am EDT

IRVINE, Calif., May 17, 2022 (GLOBE NEWSWIRE) -- CalAmp (Nasdaq: CAMP), a connected intelligence company helping people and organizations improve operational performance with a data-driven solutions ecosystem, today announced the election of Henry Maier as incoming Independent Chair of the CalAmp Board of Directors, effective as of the Company’s 2022 Annual Meeting of Stockholders (the “Annual Meeting”). Maier will succeed Amal Johnson, who has served as Chair of the Board since August 2020 and, as previously announced, will not stand for re-election at the upcoming Annual Meeting.

Maier joined the CalAmp Board in June 2021 and serves on the Board’s Audit Committee and Human Capital Committee. With over 40 years of experience in the transportation industry, including more than 30 years at FedEx companies, Maier has deep expertise in logistics, sales, marketing and communications. Most recently, he served as President and CEO of FedEx Ground, a subsidiary of FedEx Corp which, under his leadership, achieved approximately $31.5 billion in revenue in fiscal year 2021. Maier currently serves on the Boards of transportation logistics platform C.H. Robinson, transportation holding company Kansas City Southern and e-commerce parts company CarParts.com, and previously served on the Strategic Management Committee of FedEx Corp.

“Henry has been a key voice and important contributor in the boardroom since joining CalAmp last year, offering valuable industry insights and fresh perspectives on driving operational excellence,” said Amal Johnson, Chair of the CalAmp Board of Directors. “As CalAmp executes on its strategy to meet the growing demand for telematics solutions, the Board and I are confident that Henry is the right leader to guide our continued growth and innovation as Chair.”

“CalAmp’s mission to transform the global connected economy is more critical than ever, and I am honored to further serve the Company as Chair of the Board,” said Henry Maier. “I believe deeply in CalAmp’s strategy, growth trajectory and talented team. We see significant opportunity in today’s transportation and logistics market, and I am excited to continue working closely with CalAmp’s CEO Jeff Gardner and the rest of the Board to drive profitable growth, global expansion, and enhanced value for all shareholders.”

Johnson added, “It has been my great pleasure to serve on the CalAmp Board and help businesses worldwide leverage the power of connectivity, real-time analytics, and data in motion. I look forward to watching the talented team at CalAmp continue to grow its leadership within the global connected economy in the years to come.”
      
About CalAmp
CalAmp (Nasdaq: CAMP) is a connected intelligence company that leverages a data-driven solutions ecosystem to help people and organizations improve operational performance. We solve complex problems in transportation and logistics, commercial and government fleet, industrial equipment and consumer vehicle marketplaces by providing solutions that track, monitor and recover vital assets. The insights enabled by our cloud platform, applications and edge computing devices drive operational visibility, safety, efficiency, maintenance and sustainability. Headquartered in Irvine, California, CalAmp has over one million software and services subscribers and 10 million edge devices deployed worldwide. For more information, visit calamp.com, or LinkedIn, Facebook, Twitter, YouTube or CalAmp Blog.

CalAmp, LoJack, TRACKER, Here Comes The Bus, Bus Guardian, iOn Vision, CrashBoxx and associated logos are among the trademarks of CalAmp and/or its affiliates in the United States, certain other countries and/or the EU. Spireon acquired the LoJack® U.S. Stolen Vehicle Recovery (SVR) business from CalAmp and holds an exclusive license to the LoJack mark in the United States and Canada. Any other trademarks or trade names mentioned are the property of their respective owners.

CalAmp Media InquiriesCalAmp Investor Inquiries
Edward LinLeanne K. Sievers
Merritt Group for CalAmpShelton Group
240.994.3027949.224.3874
lin@merrittgrp.comsheltonir@sheltongroup.com

 


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Financials (USD)
Sales 2023 280 M - -
Net income 2023 -31,9 M - -
Net Debt 2023 90,5 M - -
P/E ratio 2023 -5,58x
Yield 2023 -
Capitalization 180 M 180 M -
EV / Sales 2023 0,97x
EV / Sales 2024 0,82x
Nbr of Employees 887
Free-Float 94,8%
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Number of Analysts 6
Last Close Price 4,99 $
Average target price 9,87 $
Spread / Average Target 97,7%
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Managers and Directors
Jeffery R. Gardner President, Chief Executive Officer & Director
Kurtis J. Binder Chief Financial Officer & Executive Vice President
Amal M. Johnson Chairman
Anand Rau Chief Technology Officer & Senior Vice President
Nathan Lowstuter SVP-Global Supply Chain & Operations
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