Genasys appoints R. Rimmy Malhotra to board under cooperation agreement with Nicoya Capital

Genasys Inc.

Board expanded from 6 to 7; Malhotra appointed January 15, 2025, and to audit committee.
Malhotra is independent per Nasdaq rules; initial term expires at 2025 annual meeting.
Nicoya Capital agrees to standstill, voting commitments, and mutual non-disparagement through late 2026.
Malhotra receives $30,000 annual cash retainer, 5,000 initial RSUs, and 30,000 annual RSUs.
Cooperation agreement effective until 15 days before director nomination deadline for 2026 meeting.

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