Spark Networks Board of Directors as authorized the Company to seek approval of a share repurchase plan at its next Annual General Meeting. The company intends to to authorize the potential repurchase of up to an aggregate of approximately 2,000,000 of the Company’s GDSs and ADSs, which represent the Company’s ordinary shares, on the Frankfurt Stock Exchange and/or the American Stock Exchange, respectively, or in privately negotiated transactions.
This week Spark announced the appointment of Adam Berger, former CEO of WeddingChannel.com Inc.; Jonathan Bulkeley, CEO of Scanbuy, Inc.; Christopher Gaffney, Co-founder and Managing Partner of Great Hill Partners; and Scott Sassa, CEO and Founder of W Cubed Media. In addition, David Siminoff, the company’s CEO and a current director, was appointed Chairman of the Board. The company also announced the resignation of Scott Shleifer from its Board.
Recent Forbes article on Spark. Includes useful CPA, revenue and call-center operating cost information.
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