Wed, Apr 23, 8:35 PM (24 days ago)
**Boxlight Corporation (BOXL) 10-K/A Summary** **Company Overview:** Boxlight Corporation (BOXL) is an educational technology company focused on interactive learning solutions. The 10-K/A amendment provides updates to the company's annual report, including corporate governance, executive compensation, and financial statements. **Financial Performance:** - **Revenue:** Not explicitly stated in the provided text. - **Net Income:** Not explicitly stated in the provided text. - **Operating Expenses:** Not explicitly stated in the provided text. - **Earnings Per Share (EPS):** Not explicitly stated in the provided text. **Executive Compensation:** - **Dale Strang (CEO):** Received a total compensation of $941,667 in 2024, including a base salary of $366,667, a bonus of $175,000, and other compensation. - **Greg Wiggins (CFO):** Received a total compensation of $511,577 in 2024, including a base salary of $254,427, a bonus of $57,150, and other compensation. - **Henry Nance (COO):** Received a total compensation of $490,804 in 2024, including a base salary of $264,604, a bonus of $76,200, and other compensation. - **Shaun Marklew (EVP & Managing Director - EMEA):** Received a total compensation of $508,669 in 2024, including a base salary of $282,652, a bonus of $62,180, and other compensation. - **Jens Holstebro (EVP & General Manager - Americas):** Received a total compensation of $452,792 in 2024, including a base salary of $254,167, a bonus of $48,625, and other compensation. **Board of Directors:** - The board consists of seven members, including Dale Strang (CEO), R. Wayne Jackson (Chairman), Michael Pope, James Mark Elliott, Tiffany Kuo, Rudolph F. Crew, and Charles P. Amos. - The board held 13 meetings in 2024, with all directors attending at least 75% of the meetings. **Future Outlook:** - The company continues to focus on strategic acquisitions and partnerships to expand its product offerings and market reach. - The board and management are committed to enhancing shareholder value through operational efficiency and innovative product development. **Risk Factors:** - The company faces risks related to market competition, regulatory changes, and economic conditions. - Dependence on key personnel and the ability to execute strategic initiatives are also noted as significant risks. **Financial Condition:** - The company has a market value of $5,659,393 for voting and non-voting common equity held by non-affiliates as of the last business day of the most recently completed second fiscal quarter. - The number of shares outstanding of the registrant’s common stock on March 24, 2025, was 2,228,488. **Market Position:** - Boxlight is positioned as a leader in educational technology, with a focus on interactive learning solutions. - The company has made several strategic acquisitions to strengthen its market position and expand its product portfolio. **Changes Made in the 10-K/A:** - The amendment includes updates to Part III of the original 10-K, providing information on directors, executive officers, and corporate governance. - New certifications by the principal executive officer and principal financial officer under Section 302 of the Sarbanes-Oxley Act of 2002 were added. - The reference to the incorporation by reference of the definitive proxy statement into Part III of the Original Form 10-K was deleted.