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Lifeist Announces Reorganization of the Board of Directors
LFSTLifeStance Health (LFST) GlobeNewswire News Room·2024-12-13 22:00

Core Points - Lifeist Wellness Inc. has announced a reorganization of its Board of Directors to enhance corporate governance and strengthen leadership structure [1][4] - Meni Morim has been appointed as Chairman of the Board, continuing to provide strategic guidance to the executive team and Board [2][4] - Branden Spikes transitions to Lead Independent Director, ensuring effective leadership of the Board and overseeing corporate governance and strategic initiatives [3][4] Governance and Compensation - The appointments reflect Lifeist's commitment to a strong governance framework, focusing on growth in its health and wellness portfolio [4] - The Board's Compensation Committee has initiated a review of board compensation to align with the Company's evolving structure and strategic direction [4] Consulting Agreement - Lifeist has reported the issuance of 747,305 common shares and purchase warrants to Singular Narrative Management Ltd. as payment for consulting services, with a monthly fee of $20,000 for services provided [5]