ImageWare Aims for Stronger Financial Oversight With Latest Board Appointment

ImageWare has further expanded its Board of Directors, announcing the appointment of James Sight, effective April 26, 2021.

A statement announcing Sight’s appointment highlighted his three decades of experience on company boards across multiple industries including energy, airlines, and technology. ImageWare also emphasized his “significant financial and accounting expertise”, noting that he has overseen various corporate restructurings and advised on M&A transactions and divestitures.

Sight is also currently a board member for Fiduciary Decisions Insights and Griffon Corporation. And he is the founder of Sight Leasing Company, which he grew into a major lessor of delivery vehicles for the United States Postal Service.

Offering her own commentary on the appointment, ImageWare CEO Kristin Taylor underscored Sight’s “strong financial acumen”, adding that he has taken a personal stake in the company “as a meaningful current investor.” ImageWare doubled its amount of authorized common stock in late March in a bid to attain greater flexibility in its corporate maneuvers, among other aims.

“At our stage of development, it is critical that we ensure our capital structure and financial controls remain in order,” she said. “We look forward to benefitting from Jim’s broad experience and specialized knowledge as we continue our plan of building ImageWare 2.0 over the next 12 months and beyond.”

Sight’s board appointment comes after last month’s appointment of former FBI executive Lauren C. Anderson to the Board of Directors, bringing the total number of board members to five. The moves are part of a larger corporate restructuring effort that Taylor has led since her appointment as CEO in early 2020 – a long-term effort that is ultimately expected to result in sustained growth, though Taylor warned in ImageWare’s most recent corporate update that the company’s financial results “will continue to fluctuate in the near term”.

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April 27, 2021 – by Alex Perala