SITO Mobile Receives Two Purported Notices of Director Nominations

SITO Mobile, a mobile engagement platform, said Monday that it has received two purported notices of nominations from stockholders seeking to propose candidates for election to the five-member SITO board of directors at the company’s 2017 annual meeting of stockholders.

TAR Holdings LLC, an entity for which Karen Singer serves as the sole member, has indicated in its purported notice of nomination that it wants to nominate three director candidates to the board – Steven Singer, Wayne Barr and Richard Ramlall. Singer is a small-cap telecom investor who owns a 10.2% stake in SITO.

Stephen Baksa has indicated in his notice of nomination that he is seeking to nominate the following five director candidates to SITO’s board: Michael Durden, Itzhak Fisher, Thomas Pallack, Matthew Stecker and Thomas Thekkethala. Baksa is a former member of the SITO board, having served from November 2011 to September 2014.