Minim Announces CFO Resignation and Transition Plan

Rhea-AI Summary

Minim, Inc. announced that Dustin Tacker has resigned from his role as Chief Financial Officer. His resignation is not due to any dispute or disagreement with the company. Minim has initiated a search process to find a permanent replacement.

MANCHESTER, NH, Aug. 10, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Minim, Inc. (NASDAQ: MINM), the creator of intelligent networking products under the Motorola brand, announced today that Dustin Tacker has resigned from his role as Chief Financial Officer, effective August 4, 2023 to pursue new career opportunities. His resignation is not the result of any dispute or disagreement with the company. Mr. Tacker is committed to an orderly transition of his duties and will stay with the company until the earlier of August 31, 2023 or when the Company and Mr. Tacker agree.

Minim has launched a formal search process to identify Mr. Tacker's permanent replacement. In the interim, inquiries and referrals may be sent to investor@minim.com.

About Minim

Minim, Inc. (NASDAQ: MINM) is the creator of intelligent networking products that dependably connect people to the information they need and the people they love. Headquartered in Manchester, NH, the company delivers smart software-driven communications products under the globally recognized Motorola brand and Minim® trademark. Minim end users benefit from a personalized and secure Wi-Fi experience, leading to happy and safe homes where things just work. To learn more, visit https://www.minim.com.

MOTOROLA and the Stylized M Logo are trademarks or registered trademarks of Motorola Trademark Holdings, LLC and are used under license.

Media Contact:
Cristina Martinho, cristina@minim.com

Investor Relations Contact:
Cristina Martinho investor@minim.com

About Motorola Strategic Brand Partnerships

For over 90 years the Motorola brand has been known around the world for high quality, innovative and trusted products. Motorola’s Strategic Brand Partnership program seeks to leverage the power of this iconic brand by teaming with dynamic companies who offer unique, high-quality products that enrich consumers’ lives. Strategic brand partners work closely with Motorola engineers while developing and manufacturing their products, ensuring that their products meet the exacting safety, quality, and reliability standards that consumers have come to expect from Motorola. To learn more about Motorola strategic brand partnerships, follow us @ShopMotorola.

Forward-Looking Statements

This press release contains “forward-looking statements”, within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to Minim’s plans, expectations, and intentions. Actual results may be materially different from expectations as a result of known and unknown risks, including: risks associated with Minim’s potential inability to realize intended benefits of the acquisition by merger of Zoom Connectivity, Inc.; the potential increase in tariffs on the company’s imports; potential supply interruptions from manufacturing the company’s products in Vietnam; risks relating to global semiconductor shortages; potential changes in NAFTA; the potential need for additional funding which Minim may be unable to obtain; declining demand for certain of Minim’s products; delays, unanticipated costs, interruptions or other uncertainties associated with Minim’s production and shipping; Minim’s reliance on several key outsourcing partners; uncertainty of key customers’ plans and orders; risks relating to product certifications; Minim’s dependence on key employees; uncertainty of new product development, including certification and overall project delays, budget overruns; the risk that newly introduced products may contain undetected errors or defects or otherwise not perform as anticipated; costs and senior management distractions due to patent related matters; risks from a material weakness in our internal control over financial reporting; the impact of the COVID-19 pandemic; and other risks set forth in Minim’s filings with the Securities and Exchange Commission. Minim cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Minim expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in Minim’s expectations or any change in events, conditions or circumstance on which any such statement is based.

FAQ

Who resigned from Minim, Inc.?

Dustin Tacker resigned from his role as Chief Financial Officer.

When is Dustin Tacker's resignation effective?

Dustin Tacker's resignation is effective from August 4, 2023.

Why did Dustin Tacker resign?

His resignation is not the result of any dispute or disagreement with the company.

What will happen to Dustin Tacker's duties?

Dustin Tacker will stay with the company until August 31, 2023 or until an agreement is made between the company and Mr. Tacker.

Is Minim looking for a replacement?

Yes, Minim has launched a formal search process to identify Mr. Tacker's permanent replacement.

How can inquiries and referrals be sent?

Inquiries and referrals can be sent to investor@minim.com.