Ascent Capital Group, Inc. Announces Board Changes
November 02, 2017 at 02:34 am IST
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Ascent Capital Group, Inc. announced that Tom McMillin has been appointed to the company's Board of Directors, effective October 27, 2017. Mr. McMillin replaces Carl Vogel who has resigned as an independent director effective October 26, 2017 in order to focus on his other professional commitments. Mr. McMillin brings more than 30 years of financial and operational experience in recurring revenue service businesses. He most recently served as President and Chief Operating Officer of Cequel III and its portfolio company TierPoint. Prior to TierPoint, Mr. McMillin served as Executive VP and Chief Operating Officer at Suddenlink Communications. Earlier in his career, he served as Chief Financial Officer for a diverse group of communication companies. Mr. McMillin will serve as a Class I director with a term expiring at the company's annual meeting of stockholders in 2018. The Board also appointed Mr. McMillin to serve as a member of the Nominating and Corporate Governance Committee of the Board and the Audit Committee of the Board.
Ascent Capital Group, Inc. is a holding company. The Company's subsidiaries include Monitronics International, Inc. (MONI) and LiveWatch Security, LLC (LiveWatch). The Company's segments include MONI, LiveWatch and Other Activities. The MONI segment is primarily engaged in the business of providing security alarm monitoring services: monitoring signals arising from burglaries, fires, medical alerts and other events through security systems at subscribers' premises, as well as providing customer service and technical support. LiveWatch is a do-it-yourself home security provider offering professionally monitored security services through a direct-to-consumer sales channel. LiveWatch offers a differentiated go-to-market strategy through direct response television, Internet and radio advertising. When a customer initiates the process to obtain monitoring services, LiveWatch pre-configures the alarm monitoring system based on customer specifications.
ASCENT CAPITAL GROUP, INC. 
