BlackBerry appoints IoT veteran Philip Brace to board; Prem Watsa resigns

BLACKBERRY Ltd

Philip Brace appointed to board effective Feb 8, 2024; will serve on Compensation, Nomination and Governance Committee.
Prem Watsa resigns effective Feb 15, 2024; tied to repayment of $150M convertible debentures held by Fairfax affiliates.
Brace previously CEO of Sierra Wireless, led 100% profit increase and 40% revenue growth before Semtech acquisition.
Board will have 7 members after changes, 6 of whom are independent.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

V. Prem Watsa

Director

BB · BLACKBERRY Ltd

Effective: 2024-02-15
Filed: February 8, 2024, 6:59 PM ET

On February 7, 2024, V. Prem Watsa notified the board of directors (the “Board”) of BlackBerry Limited (the “Company”) of his intention to resign as a member of the Board and as a member of the Compensation, Nomination and Governance Committee of the Board, effective February 15, 2024.

Appointed

Philip Brace

Director

BB · BLACKBERRY Ltd

Effective: 2024-02-08
Filed: February 8, 2024, 6:59 PM ET

On February 8, 2024, the Board appointed Philip Brace as a member of the Board, effective February 8, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

V. Prem Watsa resigned as Director at BLACKBERRY Ltd.

Action: resigned
Role: Director

Exact text from the filing

On February 7, 2024, V. Prem Watsa notified the board of directors (the “Board”) of BlackBerry Limited (the “Company”) of his intention to resign as a member of the Board and as a member of the Compensation, Nomination and Governance Committee of the Board, effective February 15, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Philip Brace was appointed as Director at BLACKBERRY Ltd.

Action: appointed
Role: Director

Exact text from the filing

On February 8, 2024, the Board appointed Philip Brace as a member of the Board, effective February 8, 2024.

View on SEC.gov

BLACKBERRY Ltd filing history →

Source: SEC EDGAR

accession 0001070235-24-000036

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