Vislink Technologies, Inc. Announces Management Changes
February 27, 2020 at 06:02 pm IST
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Vislink Technologies, Inc. announced that On February 24, 2020, John Payne agreed to step down from his role as the company’s President and Chief Operating Officer and is expected to conclude his employment with the Company on March 19, 2020. The Company expects to enter into a separation agreement with Mr. Payne in connection with the conclusion of his employment (the “Payne Separation Agreement”). Provided that Mr. Payne executes the Payne Separation Agreement and does not revoke the Payne Separation Agreement within seven days thereof, the Payne Separation Agreement is expected to provide that Mr. Payne will be entitled to receive severance in the form of six months of salary continuation for an aggregate amount of $175,000. Mr. Payne will begin a transitional role until his expected March 19, 2020 separation date. Mr. Payne’s anticipated departure from the Company is not the result of any disagreement with the company on any matter relating to its operation, policies (including accounting or financial policies) or practices. In connection with the foregoing, the board of directors of the Company has decided to appoint Carleton M. Miller, the Company’s Chief Executive Officer, to the additional position of President of the Company, effective upon Mr. Payne’s departure from the Company on March 19, 2020.
Vislink Technologies, Inc. is a global technology company. The Company collects, delivers, and manages live video and associated data from the action scene to the viewing screen. It provides solutions for collecting live news, sports, entertainment, and news events for the broadcast markets. It also furnishes the surveillance and defense markets with real-time video intelligence solutions using various transmission products. It provides professional and technical services to terrestrial microwave, fiber optic, surveillance, and wireless communications systems. It offers a portfolio of solutions for live news, sports, and entertainment industries. These solutions include video collection, transmission, management, and distribution via microwave, cellular, (Internet Protocol) IP, MESH, and bonded cellular/5G networks. It provides video, audio, and data communications solutions to law enforcement and the public safety community, including airborne and tactical mobile command posts.