Moving iMage Technologies Announces Executive Changes and Strategic Succession Plan

Moving iMage Technologies, Inc. (NYSEAMERICAN: MITQ) recently disclosed in an 8-K filing key updates regarding its executive leadership team. On October 30, 2024, the Board of Directors of Moving iMage Technologies appointed Francois Godfrey to take on the roles of President, Chief Operating Officer, and Board Member. Godfrey succeeded Phil Rafnson as President, with Rafnson continuing his duties as Chief Executive Officer and Chairman of the Board.

In conjunction with Godfrey’s appointment, Bevan Wright, the Executive Vice President, made the decision to resign from the Board of Directors and transition into an advisory board role, effective as of October 30, 2024. Wright’s departure from the Board was not linked to any disagreement with the company on operational matters, policies, or practices.

Godfrey, age 53, initially joined the company in 2022 as VP of Business Development and has since overseen strategic initiatives for new products and SaaS solutions. Prior to his role at Moving iMage Technologies, Godfrey held significant positions at prominent companies like Barco and Christie Digital Systems, where he made substantial contributions to the expansion of laser projection systems and the acquisition of the Cinergy SaaS platform.

In light of his new responsibilities, it was revealed that as of October 30, 2024, Moving iMage Technologies and Mr. Godfrey entered into an agreement detailing an annual salary of $225,000. Moreover, no other related party transactions or arrangements exist between Godfrey and any other individuals within the company, and he holds no direct or indirect material interests that require disclosure under Item 404(a) of Regulation S-K.

Further, on the same day, October 30, 2024, the company issued a press release disclosing the appointment of Francois Godfrey as President, Chief Operating Officer, and Board Member. The information provided in the press release and related materials is not considered to be “filed” for the Exchange Act’s Section 18 purposes, nor will it be incorporated by reference into future filings under the Securities Act of 1933 or the Exchange Act unless stated explicitly.

Moving iMage Technologies continues to focus on its commitment to governance and leadership continuity. The company’s strategic succession plan underscores its dedication to operational excellence and growth initiatives. The announcement emphasized that Francois Godfrey’s extensive experience aligns perfectly with the company’s vision for the future, enabling it to navigate the public domain with expertise in strategic planning, business development, and innovation.

Moving iMage Technologies, known for its technology products and services in cinema, Esports, and entertainment venues, considers this new executive structure as a critical step towards its long-term growth and value creation strategy. With a clear vision and a team poised for success, the company aims to drive continued growth and deliver lasting value to its customers and shareholders.

For further details, refer to the full 8-K SEC Filing available on the United States Securities and Exchange Commission’s website.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Moving iMage Technologies’s 8K filing here.

About Moving iMage Technologies

Moving iMage Technologies, Inc designs, manufactures, integrates, installs, and distributes proprietary and custom designed equipment, and other off the shelf cinema products for cinema requirements in the United States and internationally. The company provides automation, pedestal, projection pod, and power management systems; and in-house designed and assembled lighting products and dimmers, as well as distributes digital cinema projectors and servers.