On March 20, 2018, at a regularly scheduled meeting of the board of directors of GSE Systems, Inc., Jane Bryant Quinn and Joseph Lewis advised the Board that they will not stand for reelection at the company's annual meeting of stockholders to be held in 2018, in light of their desire to retire as directors at the end of their terms and not as the result of any disagreement with the company on any matter relating to its operations, policies or practices. The Board intends to nominate an individual to stand for election at the annual stockholder meeting and fill one of the vacancies created by the retirement of Ms. Quinn and Mr. Lewis. Ms. Quinn also serves as the chair of the Board and, following the annual stockholder meeting, the Board will appoint a new chair.
GSE Systems, Inc. is a provider of engineering services and technology, staffing, and simulation software to clients in the power and process industries. Its segments include Engineering and Workforce Solutions. Engineering segment primarily encompasses its power plant high-fidelity simulation solutions, technical engineering services for American Society of Mechanical Engineers programs, power plant thermal performance optimization, and interactive computer-based tutorials/simulation focused on the process industry. It also includes various simulation products, engineering consulting services, and operation training systems delivered across the industries its serves primarily in the nuclear, fossil fuel power generation and the process industries. The Workforce Solutions segment provides specialized, technical talent and specialty services throughout the energy, engineering, and adjacent industries including construction, government, infrastructure, environmental, and manufacturing.
GSE SYSTEMS, INC. 