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Posted 08 February, 2023

Qumu Corp appointed new CEO

CEO Change detected for ticker Nasdaq:QUMU in a 8-K filed on 08 February, 2023.


  Additionally, effective as of the Effective Time, Rose Bentley, the Company's Chief Executive Officer, and Thomas A. Krueger, the Company's Chief Financial Officer, resigned from all director positions with the Company's subsidiaries.  

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Overview of Qumu Corp
Technology • Computers/Consumer Electronics
Qumu Corp. provides the software solutions to create, manage, secure, distribute and measure the success of live and on-demand video for the enterprise. It offers enterprise video content management software solutions, hardware, maintenance and support, and professional and other services. The company platform enables global organizations to drive employee engagement, increase access to video, and modernize the workplace by providing a more efficient and effective way to share knowledge. Qumu was founded in 1978 and is headquartered in Minneapolis, MN.
Market Cap
N/A
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Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


The disclosures under the Introductory Note and Item 2.01 are incorporated herein by reference.


In connection with the consummation of the Merger and effective as of the Effective Time, each of Rose Bentley, Mary E. Chowning, Neil E. Cox, Daniel R. Fishback, Edward D. Horowitz, Kenan Lucas, and Robert F. Olson, the members of the Board of Directors of the Company (the "Board") holding such positions immediately prior to the Effective Time resigned from the Board and from all committees thereof on which such directors served. These changes were not a result of any disagreement between the Company and the directors on any matter relating to the Company's operations, policies, or practices. Additionally, effective as of the Effective Time, Rose Bentley, the Company's Chief Executive Officer, and Thomas A. Krueger, the Company's Chief Financial Officer, resigned from all director positions with the Company's subsidiaries.


Pursuant to the Merger Agreement, as of the Effective Time, the directors of Merger Sub immediately prior to the Effective Time became the directors of the Surviving Corporation. Information regarding the new directors has been previously disclosed on Schedule I of the Offer to Purchase as filed with the Tender Offer Statement on Schedule TO, dated January 6, 2023.