Warren keeps his job so he is happy
Upon completion of the Proposed Transaction, the Board of Directors of Greenridge (the “Greenridge Board”) will be comprised of five directors including (i) the three directors currently on the Greenridge Board, and (ii) two directors including Warren Stanyer, ALX’s current Chief Executive Officer and Chairman, as well as another director to be mutually agreed upon by Greenridge and ALX.
Russell Starr will continue to serve as Chief Executive Officer and Director of the combined entity. Warren Stanyer is expected to join Greenridge as President.