Microvision Inc (MVIS)

[JR30]

ousting a CEO doesn't play well with investors, so off to the board he went for a short spell, then the golden handshake today.

Have a link to back this up, or just speculation? I've already dispelled the rumor it was a surprise to MVIS

Nothing on this PR shows he was ousted and he continued to serve on the board AFTER he stepped down (resigned) as CEO in February.

Facts are a stubborn thing.


MicroVision Announces Resignation of Board Member Perry M. Mulligan

"MicroVision Announces Resignation of Board Member Perry M. Mulligan
BY GlobeNewswire
— 8:30 AM ET 05/22/2020
REDMOND, Wash., May 22, 2020 (GLOBE NEWSWIRE) -- MicroVision, Inc. ( MVIS
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) , a leader in innovative ultra-miniature projection display and sensing technology, today announced that on May 21, 2020 Perry M. Mulligan resigned from the board of directors. Mulligan served as director of the company since January 2010 and was Chief Executive Officer from November 2017 to February 2020.

“I am very grateful to have been able to serve MicroVision ( MVIS ) as a member of the executive team and as a long-time board member,” said Mulligan. "As part of my transition to the board earlier this year I was committed to demonstrating my support for our new CEO Sumit Sharma with the board and shareholders. With a successful transition completed, I remain confident in the potential for the company. In light of my recent health issues, I believe that this is the right time for me to retire from the board and focus on my recovery and my family."

“The company and board have benefited from Perry’s dedication, knowledge and leadership both as CEO for two years and as a board member since 2010,” said Brian Turner, Board Chair. “While I am sorry to see Perry resign, I am glad that he was able to continue as a board member after stepping down as CEO earlier this year to enable a smooth transition for Sumit. The board members and I have enjoyed working with Perry and will miss his insights and positive contributions. We wish him well as he steps away to focus on health and family.”"