Sezzle Announces Resignation of Paul Purcell from its Board of Directors and Postpones Annual Meeting of StockholdersMinneapolis, MN, June 07, 2024 (GLOBE NEWSWIRE) -- Sezzle Inc. (NASDAQ:SEZL) (Sezzle or Company) // Sezzle today announced that Paul Purcell resigned from its Board of Directors on June 6, 2024, and declined to stand for reelection at the 2024 Annual Meeting of Stockholders. Mr. Purcell served on Sezzle’s Board for 5 years (since April 2019) and was most recently a member of the Company’s Audit and Risk Committee, Compensation Committee, and Nominating and Corporate Governance Committee.
“On behalf of our Board and Sezzle’s management team, we thank Paul for his service and longstanding commitment to the Company,” stated Charlie Youakim, Sezzle Chairman and CEO. “We greatly appreciate the leadership, insight, and expertise that Paul has provided over the past 5 years, as Sezzle has grown during his tenure from being a private company to becoming a publicly listed company on the NASDAQ.”
Mr. Purcell leaves Sezzle’s Board of Directors to focus on his increasing professional commitments. He currently serves as Chief Investment Officer of Jupiter Management and is on the board of directors of AeroPay, GigWage, Prizeout, Winstyr, CarHop, LayUp, and What’s Next Media. The Board of Directors and the Company’s management team would like to thank Mr. Purcell for his valuable contributions to Sezzle and wish him well with his future endeavors.
Mr. Purcell commented, “I am grateful for the opportunity to work with Charlie and serve the shareholders of Sezzle. I especially want to thank my fellow non-executive directors Paul Lahiff, Mike Cutter, Karen Webster, and Kathleen Pierce-Gilmore. Sezzle has provided me with incredible professional opportunities and excellent returns for Continental. It is now time for me to go find our next founder and our next Sezzle. To all the Sezzlers I have worked with over the years thanks, I will miss you.”
In light of Mr. Purcell’s resignation and decision to not run for reelection at the Company’s 2024 Annual Meeting of Stockholders (the “AGM”), the Company announced today that it is rescheduling the AGM, which was scheduled for June 13, 2024. The date of the rescheduled AGM, and any new record date for determining the Sezzle stockholders entitled to vote at the AGM, will be determined in the near future, and will be included in supplemental proxy materials to be filed with the SEC and distributed to stockholders in advance of the rescheduled AGM.
