June 20, 2016 07:05 ET

iPass Appoints Michael Tedesco Chairman

Reports Results of iPass Annual Meeting of Stockholders Held June 16, 2016

REDWOOD SHORES, CA--(Marketwired - Jun 20, 2016) - iPass Inc. (NASDAQ: IPAS), the leading provider of global mobile connectivity, announced the results of the Annual Meeting of Stockholders held on June 16, 2016, including naming Michael Tedesco chairman and reporting the new committee composition of the Board of Directors.

All three proposals were approved, including the election of the six nominees for director, the ratification of the independent auditors for 2016, and the advisory vote on executive compensation.

Effective at the close of the Annual Meeting, the Board consists of five independent directors (Michael Chang, David Panos, Damien Park, Justin Spencer and Michael Tedesco) and one management director (Gary Griffiths, President and Chief Executive Officer).

At a meeting immediately following the company's Annual Meeting, the Board elected Mr. Tedesco as Chairman, replacing Mr. Park, who remains on the Board as a member of the Corporate Governance and the Compensation committees. "The Board would like to thank Damien for serving as Chairman over the last year as iPass has continued to transition toward profitability and growth," said Mr. Tedesco.

The Board, at the recommendation of the Corporate Governance and Nominating Committee, reconstituted the committees as follows:

Audit Committee: Mr. Spencer (Chairperson), Mr. Panos, and Mr. Tedesco
Compensation Committee: Mr. Chang (Chairperson), Mr. Park, and Mr. Spencer
Corporate Governance and Nominating Committee: Mr. Panos (Chairperson), Mr. Park, and Mr. Chang

In addition, the Board dissolved the Strategy Committee as no responsibilities were considered imminent.

Mr. Spencer, newly elected to the iPass Board, qualifies as an audit committee financial expert as defined in the applicable Securities and Exchange Commission rules and is a valuable addition to the background and skillset of the overall Board. Mr. Spencer is the Executive Vice President and Chief Financial Officer of Vocera Communications and has a proven track record of excelling in technology companies with both hardware and software products as well as building trusted partnerships with boards, sell-side analysts, and investors. Prior to Vocera, Mr. Spencer was Chief Financial Officer at Symmetricom Inc. and Covad Communications Group Inc.

About iPass Inc.

iPass is the leading provider of global mobile connectivity, offering simple, secure, always-on Wi-Fi access on any mobile device. Built on a software-as-a-service (SaaS) platform, the iPass cloud-based service keeps its customers connected by providing unlimited Wi-Fi connectivity on unlimited devices. iPass is the world's largest Wi-Fi network, with more than 53 million hotspots in more than 120 countries, at airports, hotels, train stations, convention centers, outdoor venues, inflight, and more. Using patented technology, the iPass SmartConnect™ platform takes the guesswork out of Wi-Fi, automatically connecting customers to the best hotspot for their needs. Customers simply download the iPass app to experience unlimited, everywhere, and invisible Wi-Fi.

iPass® is a registered trademark of iPass Inc. Wi-Fi® is a registered trademark of the Wi-Fi Alliance.