On March 14, 2024, the Board of Directors of FARO Technologies, Inc. confirmed the plan that Yuval Wasserman, the Company?s current Executive Chairman, would return to his regular Chairman role effective as of April 15, 2024 (the ?Effective Date?). The Board determined that Mr. Wasserman, in the role of Chairman, qualifies as an independent director for purposes of the applicable NASDAQ listing standards and the Securities Exchange Act of 1934, as amended. Alex Davern, the Company?s current Lead Director plans to transition out of the Lead Director role on the Effective Date and continue his service as an independent director.
FARO Technologies, Inc. is a global technology company. The Company designs, develops, manufactures, markets and supports software driven, three-dimensional (3D) measurement, imaging, and realization solutions for the manufacturing, architecture, engineering and construction (AEC), operations and maintenance (O&M) and public safety analytics markets. The Company enables its customers to capture, measure, manipulate, interact with and share four-dimensional (4D), 3D and two-dimensional (2D) data from the physical world in a virtual environment and then translate this information back into the physical domain. The Company's FARO suite of 3D products and software solutions are used for inspection of components and assemblies, rapid prototyping, reverse engineering and various others. Its products include FaroArm Portfolio, FARO Laser Tracker, FARO Laser Scanning Portfolio and FARO Mobile Laser Portfolio. Its software includes FARO Sphere XG, CAM2, BuildIT Metrology and BuildIT Projector.
FARO TECHNOLOGIES, INC. 
