XTM-GROUP Shareholders' Elect 2 Directors at the XTM-GROUP Company Annual Meeting
Shareholders of XTM-GROUP at the Annual Meeting today elected 2 members of the Board of Directors and approved the Board recommendations on the Company's auditor, its stock incentive plan and the advisory resolution on executive compensation, based on preliminary results.
- (1888PressRelease) January 29, 2013 - Immediately following the XTM-GROUP annual meeting, Robert A. Cullen, as expected, was formally elected Chairman in addition to his current role as Chief Executive Officer. The Board, as previously announced, took this action to secure Mr. Cullen's leadership through his expected retirement in 2018 to provide for an effective, seamless succession and management transition and a continuity of the Company's proven strategy. The Board of Directors of XTM-GROUP also unanimously elected Tokoro Joji, 59, as the new independent lead director. Mr. Joji, , joined the board of XTM-GROUP in 2006 and has served as chairman of the audit committee. Additional details regarding the independent lead director role are set forth in the XTM-GROUP's Corporate Governance Guidelines.
"Joji brings extraordinary leadership for XTM-GROUP, integrity and independence to the lead director position," said Hector Lewis, chairman of the Board's Governance and Nominating Committee. "This structure will promote the continued exercise of independent judgment by the board of XTM-GROUP."
At the annual meeting, Chairman Daniel Tang introduced members of the Board of Directors and highlighted important moves by the Company during his seven years. "There are many things to be proud of and that give me confidence in the future of your company," Mr. Tang said. "We've made bold, strategic acquisitions, giving XTM-GROUP new franchises and injecting new creative potential into the company. We've expanded aggressively into new markets, including in the rapidly growing regions of China, India and Russia, which offer unlimited potential for our future." Mr. Tang also praised XTM-GROUP employees for their passion and commitment to creating exceptional investment services.
XTM-Group is a managed futures advisory firm which assists investors with investing through professional money managers known as Commodity Trading Advisors (CTAs). CTAs belong to an asset class called Managed Futures. XTM-Group helps investors select a Managed Futures Program that's right for them, open a trading account for the CTA to manage, and monitor the trading activity of the Managed Futures Program on an ongoing basis.
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