MINNEAPOLIS--(BUSINESS WIRE)--Insignia Systems, Inc. (Nasdaq:ISIG) (“Insignia” or “the Company”) today announced that Glen P. Dall has resigned as president, chief executive officer and board member, effective today. John C. Gonsior, Insignia Systems’ Chief Financial Officer, has been elected acting President.
John Gonsior has been with the company since 2011 and has played a key role in the company’s turnaround efforts, cost reduction initiatives and other leadership efforts. The company has made no additional management changes at this time.
“During Glen’s six-year tenure, including two years as CEO, the company launched Insignia 2.0, which resulted in a return to profitability after several periods of losses and the launch of its first new product in several years. We look forward to the company’s future and believe that John Gonsior is the best person to lead the company during this important time,” said David Boehnen, chairman of the board.
About Insignia Systems, Inc.
Insignia
Systems, Inc. is a developer and marketer of innovative in-store
products, programs and services that help consumer goods manufacturers
and retail partners drive sales at the point of purchase. Insignia
provides at-shelf media solutions in approximately 13,000 retail
supermarkets, 2,000 mass merchants and 8,000 dollar stores. With a
client list of over 200 major consumer goods manufacturers, including
General Mills, Kellogg Company, Kraft Foods, Nestlé and P&G, Insignia
helps major brands deliver on their key engagement, promotion, and
advertising objectives right at the point-of-purchase. For additional
information, contact (888) 474-7677, or visit the Insignia website at www.insigniasystems.com.
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Private Securities Litigation Reform Act of 1995
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in this release that are not historical or current facts are
forward-looking statements. All forward-looking statements in this
release are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. These statements involve known
and unknown risks, uncertainties and other factors that may cause our
actual results, performance or achievements to be materially different
from any future results, performances or achievements expressed or
implied by the forward-looking statements. Certain of these risks and
uncertainties are described in the “Risk Factors” section of the
company’s Annual Report on Form 10-K for fiscal 2014 and other required
reports, as filed with the SEC, which are available at http://www.insigniasystems.com
and at the SEC’s Website at http://www.sec.gov.