Clarke Inc. announced that George Armoyan will step down as President and Chief Executive Officer and will remain actively engaged in the company's growing business as Executive Chairman of Clarke. Michael Rapps, a current director of Clarke, has been appointed President and Chief Executive Officer of Clarke. These changes, effective July 2, 2014, have been made in order to build on the company's positive operating and financial performance in recent years.

Michael Rapps has been a director of Clarke since May 2012 and has been involved in many of Clarke's investments since that time, including as a director of Bonnett's Energy Corp., Supremex Inc. and Royal Host Inc. Prior to his appointment, Mr. Rapps was the Managing Director of Geosam Capital Inc., a private investment company, and prior to that practiced corporate law at Davies Ward Phillips & Vineberg LLP. The company announced that the following individuals were elected to act as directors of Clarke at the company's annual general meeting held on June 12, 2014: George Armoyan, Blair Cook, Brian Luborsky, Charles Pellerin and Michael Rapps. Clarke is currently seeking several additional highly qualified individuals who can act as directors and assist the company in its continued growth.