ClearOne, Inc. Elects Bruce Whaley as Member of the Board Effective as of April 16, 2019
April 12, 2019 at 04:00 pm EDT
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ClearOne, Inc. elected Bruce Whaley as a member of the board effective as of April 16, 2019 to serve a term expiring at the next annual meeting of stockholders of the company or until his earlier death, resignation or removal. The board has determined that Mr. Whaley qualifies as an independent director under Sections 5605(a)(2) and 5605(c)(2) of the NASDAQ Stock Market Rules. Concurrent with Mr. Whaley’s election to the Board, Mr. Whaley also has been appointed to serve on the Audit Committee of the Board. As an independent member of the Board, Mr. Whaley will be entitled to participate in the company’s compensation program for directors. Independent directors receive an annual cash retainer of $30,000 and $100 per month for each Board committee served on. All directors are eligible to receive equity awards under the company’s equity compensation plans if, as and when such awards may be determined by the Board or its compensation committee.
ClearOne, Inc. is a global company enabling conferencing, collaboration, and network streaming solutions. The Company designs, develops and sells conferencing, collaboration and network streaming solutions for voice and visual communications. The Company's products are categorized into Audio conferencing, Professional microphones, and Video products. Audio conferencing includes installed DSP based professional audio conferencing, universal serial bus (USB)-based speakerphones and table-top audio conferencing. Professional microphones consist of patented beamforming microphones, ceiling microphones and wireless microphones. Video products include video collaboration and audio-visual networking. Its professional conferencing products include the CONVERGE Pro 2 and CONVERGE Pro 2 SR product lines. Media Collaboration suite of products is led by its comprehensive portfolio of COLLABORATE branded video conferencing and collaboration solutions.