SOURCE: RMG Networks Holding Corporation

RMG Networks Holding Corporation

March 10, 2016 06:30 ET

RMG Networks Announces Chief Operating Officer Loren Buck to Step Down at End of Quarter

DALLAS, TX--(Marketwired - Mar 10, 2016) - RMG Networks Holding Corporation (NASDAQ: RMGN), or RMG Networks™, a leading provider of technology-driven visual communications, today announced that as part of an ongoing effort to streamline its leadership team and further rationalize its cost structure, Loren Buck, the company's Chief Operating Officer, will be stepping down to pursue other professional opportunities.

Mr. Buck has been at RMG Networks since 2013 and will remain with the company through the end of the first quarter to ensure the continuation of a smooth transition of leadership and responsibilities. The company is transitioning the duties of the COO to the current senior leadership team, which will allow resources to be reallocated to further strengthen growth initiatives.

"I want to take this opportunity to recognize Loren for his accomplishments and thank him for his many contributions to the company," commented Bob Michelson, Chief Executive Officer. "Loren's leadership has played a key role during a time of significant transition for the company. With many of the initiatives that Loren helped implement over the last several years starting to gain traction, the company is now on more solid footing for future success. We sincerely wish him well in his next endeavors."

"I am proud to have been a part of the company over the last three years and feel privileged to have worked with so many talented individuals during that time," said Mr. Buck, "It is with a heavy heart that I am stepping down, but I am excited to move on to my next professional challenge and I look forward to following RMG in its future successes."

© 2016 RMG Networks Holding Corporation. RMG Networks and its logo are trademarks and/or service marks of RMG Networks Holding Corporation.

About RMG Networks

RMG Networks (NASDAQ: RMGN) is a worldwide leader in intelligent visual communications that help businesses increase productivity, efficiency and engagement through digital messaging. By combining best-in-class software, hardware, business applications and services, RMG Networks offers a single point of accountability for integrated data visualization and real-time performance management. The company, who values 70% of the Fortune 100 as clients, is headquartered in Dallas, Texas, with additional offices in the United States, United Kingdom and the United Arab Emirates. For more information, visit www.rmgnetworks.com.

Cautionary Note Regarding Forward-Looking Statements

Except for historical information contained herein, the matters set forth in this release are "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding expected future operating results, such as revenue growth and our ability to achieve positive adjusted EBITDA. The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including the risks and uncertainties discussed in the company's Safe Harbor Compliance Statement for Forward-Looking Statements included in the company's recent filings, including Forms 10-K and 10-Q, with the Securities and Exchange Commission. The forward-looking statements speak only as of the date made, and the company undertakes no obligation to update these forward-looking statements.

Contact Information

  • Investor Contact:

    Brett Maas / Rob Fink
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