Blackboxstocks Appoints Grant Evans as Director in Response to Board Vacancy

Blackboxstocks Inc. (NASDAQ: BLBX) recently announced the appointment of Grant Evans as a new director to its board. This decision comes in response to the unexpected passing of Ray Balestri, who was a valued member of the company’s board of directors, audit committee, compensation committee, and nominating and governance committee.

Mr. Evans will hold the director’s position until the Company’s 2025 annual meeting of stockholders. Alongside his directorial role, he will also serve on the Board’s audit committee, compensation committee, and nominating and governance committee. The Board has already affirmed Mr. Evans’ qualifications for these roles, ensuring compliance with Nasdaq regulations.

With more than 30 years of experience as a CEO, director, and advisor across various industries, Mr. Evans brings a wealth of expertise to his new position. He most recently served as a partner at Pacific Coast Partners, focusing on mergers and acquisitions, strategy, and capital raising. Prior to this, he held the CEO position at Crypto Graphic Solutions Inc. until its acquisition in 2021.

As part of his appointment, Mr. Evans will receive compensation in line with other non-employee directors of the company, adjusted to reflect his start date. Importantly, there are no undisclosed arrangements or conflicts of interest between Mr. Evans and any other parties related to his appointment.

Following Mr. Evans’ appointment, Blackboxstocks ensures compliance with Nasdaq regulations, maintaining a majority of independent directors on its board. The audit committee, in particular, now consists of three independent members, as outlined by Nasdaq rules.

In line with this development, the Company also issued a press release on January 27, 2025, announcing Mr. Evans’ appointment. The disclosure falls under Regulation FD and aims to keep stakeholders informed about the latest changes within Blackboxstocks.

The inclusion of Mr. Evans strengthens the strategic leadership of Blackboxstocks, enhancing the board’s capabilities and contributing to the company’s governance and oversight functions.

This information was disclosed in a recent 8-K filing, underscoring Blackboxstocks’ commitment to maintaining transparency and effective corporate governance practices.

For more detailed information, interested parties can access the full 8-K filing on the company’s investor relations page.

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

About Blackboxstocks

Blackboxstocks Inc develops and markets financial technology and social media hybrid platform. The company offers Blackbox System, a subscription-based software as a service that provides real-time proprietary analytics and news for stock and options traders. Blackboxstocks Inc is headquartered in Dallas, Texas.