Steel Connect, Inc. announced the appointment of Renata Simril to the board of directors of the Company effective October 23, 2020. At the time of her appointment, the Board had not yet determined Ms. Simril's committee assignments. On November 16, 2020, the Board appointed Ms. Simril to serve as a member of the Audit Committee, effective immediately. In connection therewith, the Board also voted (i) to update the composition of the Audit Committee and Nominating & Corporate Governance Committee, allocating committee responsibilities more proportionally among members of the Board, and (ii) to decrease the size of the Board from eight members to seven, effective immediately, eliminating a vacancy on the Board.
Steel Connect, Inc. is a holding company which operates through its subsidiary, ModusLink Corporation. The Company is an end-to-end global supply chain solutions and e-commerce provider serving clients in markets such as consumer electronics, communications, computing, medical devices, software and retail. The Company designs and executes various elements in its clients global supply chains. The Company delivers its solutions through a combination of industry expertise, service solutions, integrated operations, business processes, a wide global footprint and technology. It produces and licenses an entitlement management solution powered by its enterprise-class Poetic software, which offers a complete solution for activation, provisioning, entitlement subscription, and data collection from physical goods (connected products) and digital products. It has an integrated network of facilities located in various countries, including numerous sites throughout North America, Europe and Asia.