Duluth, GA – September 30, 2025--Boxlight Corporation (Nasdaq: BOXL) (“Boxlight” or the “Company”), a leading provider of interactive technology solutions, today announced the election of two independent directors to its Board of Directors (the “Board”), restoring compliance with Nasdaq majority-independent board listing requirements, as well as appointing an Audit Committee Chair, in an effort to strengthen governance as the Company enters the next phase of growth.
The Board elected Carine Clark and Peter Fittin to serve as directors with terms expiring at the Company’s 2026 annual meeting of shareholders and determined that each of Ms. Clark and Mr. Fittin qualifies as an independent director under Nasdaq listing standards. Ms. Clark has been appointed to serve as the Audit Committee Chair, as well as a member of the Nominating and Governance Committee, while Mr. Fittin was appointed to serve as a member of both the Audit Committee and the Compensation Committee.
In addition, on August 14, 2025, Michael Pope, a non-executive director, was appointed Chairman of the Board, and the Board reappointed James Mark Elliott, a former CEO of Boxlight, as a non-executive director of the Company, effective immediately.
Mr. Pope has served on Boxlight’s Board since September 2014. He was CEO and Chairman of Boxlight from March 2020 to January 2024 and President of Boxlight from September 2014 to January 2024.
“We are excited to welcome Carine and Peter to the Boxlight Board. Their unique experience in technology, finance and strategy will be key ingredients in our growth strategy and execution. They will bring tremendous value to our Board and the next phase of Boxlight,” commented Dale Strang, Boxlight’s Chief Executive Officer. “This refreshed Board positions the Company to capitalize on improving market conditions and deliver long-term value for shareholders.”
As previously reported, the resignations of R. Wayne Jackson and Charles P. Amos left the Company out of compliance with Nasdaq Rule 5605(b)(1), which requires that a majority of the Board must be comprised of independent directors as defined in Nasdaq listing standards. To assist in addressing the shortfall, James Mark Elliott previously resigned from the Board on June 16, 2025.
Director Biographies
Ms. Clark is a four-time president and CEO of high-growth technology companies, recognized for helping organizations scale. She is currently CEO of First Colony Mortgage, and previously served as president and CEO at Allegiance, MartizCX and Banyan as well as Chief Innovation Officer at Lumio HX. Earlier in her career, she held senior marketing leadership roles at Novell, Altiris, and Symantec. Ms. Clark is an active investor and advisor in the SaaS sector and serves on multiple boards including Domo (Executive Chair), Nelnet Bank, the Utah Governor’s Office of Economic Opportunity (Chair), and Silicon Slopes, where she supports Utah’s technology ecosystem. She also works with universities and entrepreneurs across the U.S., Latin America, Israel, and Australia to advance workforce readiness and innovation. Her contributions to technology and governance have been recognized with numerous awards, including EY Entrepreneur of The Year® Award (Utah), Utah Business CEO of the Year, the National Association of Corporate Directors Outstanding Director for a Public Company, and recognition at the Sundance Film Festival’s Women’s Leadership Celebration. Ms. Clark holds a bachelor’s degree in organizational communications and an MBA from Brigham Young University.
Mr. Fittin is a founding member and head of strategy at DogeOS, the application layer for the Dogecoin blockchain. He previously served as Senior Partnerships Manager at Offchain Labs, Inc., where he helped lead business development and marketing efforts for Arbitrum, growing it into the leading Ethereum layer-2 scaling solution with more than $20 billion in total value locked. Earlier in this career, he worked in investment banking and capital markets with B. Riley, Berkery Noyes, and Aegis Capital. Mr. Fittin holds a BA in economics from Penn State University and a Master of Science in Finance degree from Villanova University.
Mr. Elliott previously served as Boxlight’s Chief Commercial Officer and as Chief Executive Officer from 2014 to 2020, overseeing the Company’s expansion through acquisition and integration. He earlier served as President of Genesis, which merged with Boxlight in 2017, and as President of Promethean, Inc., where he helped grow the Americas business from $5 million to $250 million in revenue, with more than 1.3 million interactive whiteboards installed worldwide. He has also held senior leadership roles with Apple, Lawson Software, E3 Corporation, PowerCerv Technologies, Tandem Computers, and Unisys/Burroughs. Mr. Elliott holds a BBA in Economics from the University of North Georgia and an MS in Industrial Management from the Georgia Institute of Technology.
About Boxlight Corporation
Boxlight Corporation (Nasdaq: BOXL) is a leading provider of interactive technology solutions under its award-winning brands Clevertouch®, FrontRow™ and Mimio®. The Company aims to improve engagement and communication in diverse business and education environments. Boxlight develops, sells and services its integrated solution suite including interactive displays, collaboration software, audio solutions, supporting accessories, and professional services. For more information about Boxlight and the Boxlight story, visit http://www.boxlight.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often use words such as "believe," "may," "will," "estimate," "target," "continue," "anticipate," "intend," "expect," "should," "would," "propose," "plan," "project," "forecast," "predict," "potential," "seek," "future," "outlook," and similar variations and expressions. Forward-looking statements are those that do not relate strictly to historical or current facts. Examples of forward-looking statements may include, among others, statements regarding the completion of the private placement, the satisfaction of customary closing conditions related to the private placement, and the intended use of proceeds from the private placement. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, many of which are outside of the Company’s control. Important factors that could cause actual results, developments and business decisions to differ materially from forward-looking statements include, among other things: the Company’s ability to avoid being delisted from the Nasdaq Capital Market on October 6, 2025 due to its noncompliance with the minimum stockholders’ equity requirement of Nasdaq Listing Rule 5550(b), or due to other current or, in view of the Company’s past history of listing noncompliance, future instances of noncompliance; the Company’s ability to comply with certain covenants, minimum liquidity and borrowing base requirements under our existing credit agreement, or in the alternative, to continue to obtain forbearances or waivers from the lender thereunder with respect to defaults thereunder, including currently existing defaults; the Company’s ability to continue to operate as a going concern; the Company’s ability to pay the redemption price of its outstanding Series B Preferred Stock and Series C Preferred Stock in the event the holders thereof were to opt to cause the Company to redeem the Series B Preferred Stock or Series C Preferred Stock; the Company’s indebtedness, a substantial amount of which is bearing interest at a variable rate; the Company’s history of operating losses; the Company’s ability to raise additional capital; changes in the sales of the Company’s display products; seasonal fluctuations in the Company’s business; changes in the Company’s working capital requirements and cash flow fluctuations; competition in the Company’s industry; and the other risks described in the sections titled "Risk Factors" in the Company’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, as well as reports on Form 8-K. Forward-looking statements in this press release are made as of the date hereof, and the Company undertakes no duty to update or revise any such statements, whether as a result of new information, future events or otherwise. Except as required by applicable law, the Company expressly disclaims any obligations to publicly update any forward-looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
