This news is based on a recent SEC filing by Fluent (NASDAQ:FLNT), Inc. InvestingPro subscribers can access additional insights about Fluent's financial health, including 8 key ProTips covering profitability, valuation, and growth metrics, helping investors make more informed decisions about the company's future prospects.
InvestingPro subscribers can access additional insights about Fluent's financial health, including 8 key ProTips covering profitability, valuation, and growth metrics, helping investors make more informed decisions about the company's future prospects.
Geygan, 36, is currently serving as the Interim Chief Executive Officer and President of Global Value Investment Corporation (GVIC), an investment firm and significant stockholder of Fluent, Inc. With a background that includes roles as COO and Senior Vice President of GVIC, Geygan has been instrumental in growing the firm's assets under management from $84 million at the end of 2016 to $194 million by the end of 2024.
His appointment to Fluent's Board is expected to bring valuable insights, given his extensive experience in corporate governance and capital markets. The appointment comes as Fluent's stock has shown recent momentum, gaining over 10% in the past week, though InvestingPro analysis suggests the stock is currently fairly valued.
Geygan's academic credentials include a Bachelor of Science in political science from the University of Wisconsin, Madison. For deeper insights into Fluent's governance and financial metrics, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro, covering over 1,400 US stocks.
As part of his compensation package, Geygan will receive a quarterly cash fee of $10,000 and an initial grant of 10,000 restricted stock units (RSUs), which will vest over three years. He will also be eligible for additional RSUs valued at $75,000 annually, starting from the next stockholder meeting.
Furthermore, Fluent, Inc. has entered into an indemnification agreement with Geygan, ensuring the advancement of expenses and indemnification to the fullest extent allowed under Delaware law.
The company has confirmed that there are no reportable related party transactions involving Geygan and that his appointment was not influenced by any prior arrangements or understandings with other persons. This leadership change reflects Fluent, Inc.'s commitment to enhancing its board's capabilities and comes at a time when the company is poised to leverage Geygan's expertise.
In other recent news, Fluent Inc. reported a mixed financial picture in its Q3 earnings call. The company's revenue rose by 9.9% from the second quarter to $64.5 million, while experiencing a slight 2.6% dip compared to the same period last year. A standout performer was the Commerce Media Solutions segment, which achieved triple-digit year-over-year growth and contributed $10.4 million, making up 16% of total revenue. Despite the company reporting a net loss of $7.9 million, this was an improvement from the previous year.
The company's focus on the Commerce Media Solutions segment is expected to continue, with the market demand projected to surpass $100 billion by 2026. Fluent also plans to introduce a new Loyalty Solution to further differentiate its offerings. Looking ahead, the company anticipates a strong Q4 and projects continued growth into 2025.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.