DHI Group, Inc. Announces CFO Departure

Rhea-AI Summary

DHI Group, Inc. (NYSE: DHX) announced the resignation of CFO Kevin Bostick, effective September 1, 2023, to pursue other career opportunities. The company thanks Mr. Bostick for his contributions and has initiated a search for a new CFO. Mr. Bostick will be retained on a consultancy basis until December 31, 2023, to ensure a seamless transition. The company assures shareholders that Bostick's decision does not reflect concerns with the business, financial reporting, internal controls, or disagreement with DHI’s management, operations, or financial practices.

CENTENNIAL, Colo.--(BUSINESS WIRE)-- DHI Group, Inc. (NYSE: DHX) (the “Company”) today announced that Kevin Bostick has resigned from his position as Chief Financial Officer, effective September 1, 2023, to pursue other career opportunities, stating that he is leaving with the highest regard for the Company and its future financial state. During his tenure, the Company has seen growth and success and thanks Mr. Bostick for his contributions. The Company has initiated a search for a new Chief Financial Officer.

To ensure a seamless transition, Mr. Bostick will be retained on a consultancy basis until December 31, 2023.

“I want to thank Kevin for his hands-on approach, dedication to ensuring solid financial controls, and for empowering a high-performing finance team under his leadership,” said Art Zeile, President and CEO of DHI Group. “I want to ensure our internal and external shareholders that Kevin’s decision in no way reflects concerns with the business, financial reporting, internal controls, or disagreement with DHI’s management, operations, or financial practices. We wish Kevin the best in his future endeavors.”

About DHI Group, Inc.

DHI Group, Inc. (NYSE: DHX) is a provider of AI-powered career marketplaces that focus on technology roles. DHI’s two brands, Dice and ClearanceJobs, enable recruiters and hiring managers to efficiently search for and connect with highly skilled technology professionals based on the skills requested. The Company’s patented algorithm manages over 100,000 unique technology skills. Additionally, our marketplaces allow tech professionals to find their ideal next career opportunity, with relevant advice and personalized insights. Learn more at www.dhigroupinc.com.

Forward-Looking Statements

This press release and oral statements made from time to time by our representatives contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. Forward-looking statements include, without limitation, information concerning our possible or assumed future financial condition, liquidity and results of operations, including expectations (financial or otherwise), our strategy, plans, objectives, expectations (financial or otherwise) and intentions, growth potential, statements regarding our 2023 financial outlook and the transition to a new Chief Financial Officer. These statements often include words such as “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions. These statements are based on assumptions that we have made in light of our experience in the industry as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances. Although we believe that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect our actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. These factors include, but are not limited to, our ability to execute our tech-focused strategy, competition from existing and future competitors in the highly competitive markets in which we operate, failure to adapt our business model to keep pace with rapid changes in the recruiting and career services business, failure to maintain and develop our reputation and brand recognition, failure to increase or maintain the number of customers who purchase recruitment packages, cyclicality or downturns in the economy or industries we serve, uncertainty in respect to the regulation of data protection and data privacy, failure to attract qualified professionals to our websites or grow the number of qualified professionals who use our websites, failure to successfully identify or integrate acquisitions, U.S. and foreign government regulation of the Internet and taxation, our ability to borrow funds under our revolving credit facility or refinance our indebtedness and restrictions on our current and future operations under such indebtedness. These factors and others are discussed in more detail in the Company’s filings with the Securities and Exchange Commission, all of which are available on the Investors page of our website at www.dhigroupinc.com, including the Company’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings under the headings “Risk Factors,” “Forward-Looking Statements” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” You should keep in mind that any forward-looking statement made by the Company or its representatives herein, or elsewhere, speaks only as of the date on which it is made. New risks and uncertainties come up from time to time, and it is impossible to predict these events or how they may affect us. We have no obligation to update any forward-looking statements after the date hereof, except as required by applicable federal securities laws.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230811694988/en/

Investor Contact

Todd Kehrli or Jim Byers

MKR Investor Relations

212-448-4181

ir@dhigroupinc.com

Media Contact

Rachel Ceccarelli

VP of Engagement

212-448-8288

media@dhigroupinc.com

Source: DHI Group, Inc.

FAQ

Why did Kevin Bostick resign from DHI Group, Inc. (NYSE: DHX)?

Kevin Bostick resigned from his position as Chief Financial Officer to pursue other career opportunities.

When will Kevin Bostick's resignation be effective?

Kevin Bostick's resignation will be effective on September 1, 2023.

Is DHI Group, Inc. (NYSE: DHX) looking for a new Chief Financial Officer?

Yes, the company has initiated a search for a new Chief Financial Officer.

Will Kevin Bostick be involved in the transition process?

Yes, Mr. Bostick will be retained on a consultancy basis until December 31, 2023, to ensure a seamless transition.

Does Kevin Bostick's resignation reflect any concerns with DHI Group, Inc. (NYSE: DHX) operations?

The company assures shareholders that Bostick's decision does not reflect concerns with the business, financial reporting, internal controls, or disagreement with DHI’s management, operations, or financial practices.