BERLIN, July 7, 2022
/PRNewswire/ -- Spark Networks SE (NASDAQ: LOV), a leading social
dating platform for meaningful relationships, has named
Michael McConnell and Ulrike Handel to the slate of potential members
of its Administrative Board to be voted on at its annual meeting of
shareholders scheduled for August 31,
2022.
Mr. McConnell formerly served as a Managing Director of Shamrock
Capital Advisors, a private investment company managing funds for
the Roy E. Disney family and
institutional investors. He has also served as an interim
Chief Executive Officer or Executive Chairman for four publicly
listed companies, including Spark, and has served on the boards of
directors of sixteen publicly listed companies in the United States, Australia, New
Zealand, and Israel. Mr. McConnell served at Osmium's
behest on the board of Vitacost Limited, which underwent a
strategic alternatives process culminating in a sale to the Kroger
Co.
Dr. Handel serves as a member of the Executive Board of Axel
Springer SE and currently heads its News Media Europe &
Marketing Media division. Prior to that, she was the Chief
Executive Officer of Dentsu International (Germany and DACH); before that, Dr. Handel
served as Chief Executive Officer and Chairman of ad pepper media
International N.V.
"We are eager to benefit from the wealth of experience that both
Mike and Ulrike bring," said Colleen
Birdnow Brown, Chair of Spark's Administrative Board, "as
well as the fresh perspectives of two new members. We look
forward to working with both."
Mr. McConnell was first recommended by Osmium Partners, which
holds an approximate 22% stake in Spark. Osmium Chief
Investment Officer John Lewis said,
"I have worked with Mike firsthand and believe he is an outstanding
and committed advocate of maximizing shareholder value. As a
former Spark board member, he understands the online dating
business. I believe Mike's long history of leadership,
coupled with his experience advising strategic alternative
processes, make him an ideal addition to the Board. Osmium is
pleased support the entire slate of Board members proposed by the
Company."
About Spark Networks SE
Spark Networks SE (NASDAQ: LOV) is a leading social dating
platform for meaningful relationships focusing on the 40+
demographic and faith-based affiliations. Spark's widening
portfolio of premium and freemium dating apps include Zoosk,
EliteSingles, SilverSingles, Christian
Mingle, Jdate, and JSwipe, among others. Spark is
headquartered in Berlin, Germany,
with offices in New York and
Utah.
Safe Harbor Statement
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, statements involving known and unknown risks,
uncertainties, and other factors that may cause Spark Networks'
performance or achievements to be materially different from those
of any expected future results, performance, or achievements. These
statements include, without limitation, statements regarding
whether Mr. McConnell and Dr. Handel will be elected to our
Administrative Board; whether we will hold our annual meeting of
shareholders as anticipated; whether we will benefit from the
experience and perspectives of Mr. McConnell and Dr. Handel;
whether Mr. McConnell will be an ideal addition to our Board; and
whether Osmium will support the proposed Board slate as
anticipated. Any statements in this press release that are not
statements of historical fact may be considered to be
forward-looking statements. Written words, such as "believes,"
"hopes," "intends," "estimates," "expects," "projects," "plans,"
"anticipates," "guides," and variations thereof, or the use of
future tense, identify forward-looking statements. By their nature,
forward-looking statements and forecasts involve risks and
uncertainties because they relate to events and depend on
circumstances that will occur in the near future. There are a
number of factors that could cause actual results and developments
to differ materially. Additional factors that could cause
actual results to differ are discussed under the heading "Risk
Factors" in Spark Networks' most recent Annual Report on Form 10-K
and in other sections of Spark Networks' filings with the
Securities and Exchange Commission ("SEC"), and in Spark Networks'
other current and periodic reports filed or furnished from time to
time with the SEC. All forward-looking statements in this press
release are made as of the date hereof, based on information
available to the Company as of the date hereof, and the Company
assumes no obligation to update any forward-looking statement
except as required by law.
Contact
Investors:
Todd Kehrli
MKR Investor Relations, Inc.
lov@mkr-group.com
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SOURCE Spark Networks SE
