iCoreConnect Inc. (NASDAQ:ICCT), a provider of prepackaged software services, announced the resignation of board member Harry Travis, effective June 30, 2024. The company, which is headquartered in Ocoee, Florida, stated that Travis's departure from the board and all its committees was not due to any disagreement with iCoreConnect's operations, policies, or practices.
Travis's resignation was disclosed in a Form 8-K filing with the Securities and Exchange Commission on Monday. The filing did not indicate who would replace Travis on the board or whether the company is seeking a new director at this time.
iCoreConnect, known previously as FG Merger Corp., has its common stock listed on The NASDAQ Stock Market LLC. As an emerging growth company, iCoreConnect has been subject to the reporting requirements of the Securities and Exchange Act of 1934.
The company's business address and contact information remain unchanged following Travis's resignation. iCoreConnect's fiscal year ends on December 31, and the company is incorporated in the state of Delaware.
The announcement did not elaborate on Travis's reasons for leaving or his future plans. The company's President and Chief Executive Officer, Robert McDermott, signed off on the SEC filing.
This news comes as part of routine disclosures that publicly traded companies are required to make regarding changes in their leadership. Shareholders and potential investors often monitor such changes closely for indications of a company's stability and direction.
The information in this article is based on a press release statement from iCoreConnect Inc. and provides an update on the company's latest corporate governance developments.
In other recent news, iCoreConnect has made significant strides in its financial and growth strategies. The company announced amendments to two of its convertible promissory notes, extending their maturity dates to July 31, 2024, and issuing new shares to note holders.
Alongside this development, iCoreConnect issued a new convertible promissory note valued at $397,622, bearing an annual interest rate of 12% and convertible into common stock at $1.42 per share.
In addition to these financial adjustments, iCoreConnect has expanded its presence into Tennessee, securing an endorsement from the Tennessee Dental Association for seven of its software solutions. This endorsement is a key component of iCoreConnect's growth strategy, which heavily relies on gaining product endorsements from state healthcare associations.
These recent developments have seen iCoreConnect further solidify its standing in the healthcare workflow platform sector. The company's approach to growth also includes initiating co-branded marketing campaigns with state associations to promote their endorsed products.
With a portfolio of 16 SaaS enterprise solutions and over 100 product endorsements, iCoreConnect continues to demonstrate its commitment to enhancing workflow productivity and profitability in the healthcare sector.
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