Logiq Inc (LGIQ)

[07up]

Another 8-K is out.


(D) Appointment of Directors

Effective February 10, 2016, the following individual was appointed as a new member of our board of directors:

Name
Age
Position
Brett Lay
53
Director

Brett Lay – DIRECTOR - Former Chief Financial Officer of Pacnet Limited, AsiaNetcom, and Pacific Internet from February 2007 to April 2015. A seasoned successful business executive with 28 years of operating experience including 15 years as a Chief Financial Officer for both private and public companies. Acted as interim CEO during transition phases. A member of the board of directors working with private equity owners to grow and harvest their investments. Over 18 years of work experience in Asia while residing in Singapore and Hong Kong. Active member of the board of directors for joint ventures in China, India, South Korea, and Philippines. Originated and completed the successful execution of several mergers and acquisitions, including the post integration efforts.

A company officer in diverse sized organizations including; a large corporation (NYSE $62 billion), a startup company taking it from an idea to now a component of a $14 billion NASDAQ public company, and recently completed the sale of Pacnet to Telstra for $750M. Created multiple financing programs including equity origination, senior bank facilities, high yield bond facilities, and lines of vendor credit. Created, maintained and restructured debt programs, operating environments, shareholder equity structures, vendor relationships, and bank facilities. Reviewed multiple financing structures to meet shareholder objectives including IPO, REIT spinoff, asset trust structures, and minority investments. Managed a large finance workforce over a widespread diversified region. Actively managed P&L performance and operating results. Created and implemented a corporate restructuring that included the downsizing of the workforce by nearly 30% and reducing annual SG&A expenses by $25 million. Managed shareholder relationships including large private equity groups to meet their financial objectives.

Mr. Lay has his Masters of Science Finance and Masters of Science Management, from the University of Colorado, Denver