Insignia Systems enters cooperation agreement with ~39.6% shareholder group; adds Nicholas Swenson to board

BLOOMIA HOLDINGS, INC.

Board expanded from 4 to 5 members; Nicholas J. Swenson appointed effective Oct 11, 2021.
Shareholder group (Air T, Groveland Capital, AO Partners, Glenhurst) owns 39.6% of ISIG common stock.
Swenson will serve on Audit and Governance/Compensation Committees; group retains replacement rights.
Standstill applies through 2022 annual meeting; group must vote for board nominees and cannot launch proxy contests.
Group may commence a tender offer for all outstanding shares if conditions met, subject to board recommendation.

item 1.01 item 5.02 item 9.01

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Appointed

Nicholas J. Swenson

Director

TULP · BLOOMIA HOLDINGS, INC.

Effective: 2021-10-11
Filed: October 13, 2021, 7:59 PM ET

The disclosure in Item 1.01 regarding the election of Mr. Swenson to serve as a member of the Board is incorporated into this Item 5.02.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Nicholas J. Swenson was appointed as Director at BLOOMIA HOLDINGS, INC..

Action: appointed
Role: Director

Exact text from the filing

The disclosure in Item 1.01 regarding the election of Mr. Swenson to serve as a member of the Board is incorporated into this Item 5.02.

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Source: SEC EDGAR

accession 0001654954-21-011062

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