Sonim Technologies Inc SONM

RE:Interesting

[ARIMA11]

ARIMA11 wrote: https://www.prnewswire.com/news-releases/sonim-appoints-robert-tirva-as-president-and-chief-operating-officer-301302131.html#

The Strategic Alternatives and Operating Committee is chaired by Mike Mulica and includes Sonim board members Sue Swenson and Ken Naumann, all three of whom have extensive CEO and turnaround experience in the communications equipment industry. The committee was formed to consider options and strategies to better support the needs of Sonim's customers and to consider alternatives to maximize long-term shareholder value. 

"Leveraging Mike, Sue and Ken's experience and considerable talents is paramount to returning the company to a strong market position and creating long-term shareholder value. We now have the right skills and leadership to support this objective going forward," said John Kneuer, Chairman of the Board of Directors.

 

Seems like there was "conflict" and perhaps "of interest" at the board level with the direction.

Mr. Wilkinson had backing of many including from 180 Capital 

“We are excited to have the opportunity to act as the anchor investor in SONM’s public offering and to be a large shareholder of the company,” said Kevin M. Rendino, Chief Executive Officer of 180. “We are especially pleased to be invested in SONM’s management team led by its CEO, Tom Wilkinson.

 

My prior fund, RGJ Capital, was a significant shareholder in Tom’s prior company, Xplore Technologies Corporation (“XPLR”). Under his leadership, XPLR’s business was dramatically improved and the company was ultimately acquired. We have confidence in his abilities as an executive to engineer a similar turnaround at SONM.

 

Xplor was acquired by Zebra.
https://www.zebra.com/us/en/about-zebra/newsroom/press-releases/2018/zebra-technologies-completes-xplore-technologies-acquisition.html#:

Now we have Robert + Mike, Sue, and Ken... Hmmm ok! :) 

Robert
Robert Tirva has served as our Chief Financial Officer since September 2019. Mr. Tirva, previously served as the Chief Financial Officer of Intermedia, a private cloud UCaaS and business application provider from 2016 to 2019, a role in which he was responsible for Intermedia’s global financial functions. From 2014 to 2016, Mr. Tirva was corporate controller at Dropbox, Inc., a collaboration platform provider.

Mike

Mr. Mulica is currently Executive Chairman at AlefEdge and a Board Member and global advisor to other private companies and venture capital funds.
 

Sue

Since October 2018 she has also served as Chairman of the Board of Directors of Vislink Technologies, Inc., a video capture and broadcasting company. 

 

Ken

He most recently served as Chairman and CEO of AccessData Group, Inc., a private equity-owned company that provides industry-leading solutions for over 5,000 clients in law enforcement, government agencies, corporations, service providers, and law firms, which was acquired by a strategic buyer.

https://www.sonimtech.com/about/corporate/executive-team/robert-tirva/
https://ir.sonimtech.com/corporate-governance/board-of-directors

Now the Robert is President and Chief Operating Officer who will be the CFO? 

Looks like Robert is the President, COO, & CFO. And Ken now is no longer with SONM...
https://ir.stockpr.com/sonimtech/sec-filings-email/content/0001193125-21-219703/d183949d8k.htm