Emerald Holding, Inc. Elects Anthony Munk as Class I Director; Decides to Temporarily Suspend Regular Quarterly Cash Dividend on Common Stock
May 05, 2020 at 06:09 am
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On May 1, 2020, the board of directors of Emerald Holding, Inc. elected Anthony Munk as a Class I Director, effective immediately. Mr. Munk is Co-Head of Onex Partners. Mr. Munk currently serves on the boards of directors of JELD-WEN Holding, Inc. and Clarivate Analytics plc.
On March 20, 2020, due to uncertainty caused by the impact of the COVID-19 crisis on the travel and events industry, Emerald's Board of Directors made the decision to temporarily suspend the Company's regular quarterly cash dividend on its common stock as well as its share repurchase program. The Board of Directors announced that it would re-assess the dividend suspension throughout the year to determine, in light of facts and circumstances at that time, whether and when to reinstate the dividend.
Emerald Holding, Inc. is an operator of business-to-business (B2B) trade shows in the United States. The Company integrates live events, media content, industry insights, digital tools, data-focused solutions and e-commerce platforms into three complementary business lines: Connections, Content and Commerce. Its segments include Connections, All Other and Corporate-Level Activity. The Connections division includes a collection of B2B trade show franchises, which typically hold positions within their respective industry verticals. The Content division includes B2B print publications and digital media products that complement its existing trade show properties. These print and digital media products provide industry-specific business news and information across 20 sectors. The Commerce division offers B2B e-commerce and digital merchandising solutions, serving the needs of manufacturers and retailers through its Elastic Suite and Bulletin platforms.