TORONTO, Jan. 19, 2024 (GLOBE NEWSWIRE) -- ARHT Media Inc. ("ARHT" or "the Company") (TSXV:ART), (OTCQB:ARHTF) the global leader in the development, production and distribution of high-quality, low latency hologram and digital content, is pleased to announce the appointment of Richard Carl as Executive Chair ("Chair") of the Company, effective immediately. Mr. Carl has served as a member of the board of directors of the Company (the "Board") since 2020.
"Richard's significant tenure on the Board, as well as his experience in private and public companies, including a wide range of operational, financial and M&A skills will serve the Company well," commented Con Steers, ARHT's current Chair.
Mr. Steers served as Chair for six years and will continue in his capacity as a director of ARHT. In addition, he will work with certain channel partners as well as enhancing the Company's artificial intelligence offerings.
In conjunction with Mr. Carl's appointment, the Company has granted him 500,000 options under the Company's omnibus long term incentive plan ("LTIP"). Concurrently, the Company also granted an employee 200,000 options under the LTIP. These options are exercisable at a price of $0.065 per common share and expire on January 18, 2029. The options vest in three equal tranches, with the first tranche vesting on the date of grant, the second tranche vesting on January 18, 2025, and the third tranche vesting on January 18, 2026, all subject to a four-month regulatory hold period. The Company has also granted an aggregate of 584,634 ...