OMNIQ Corp. Announces Resignation of Directors in Support of Cost-Cutting Initiatives

On January 31, 2025, Omniq Corp. (NASDAQ:OMQS) made an announcement regarding changes within its board of directors. The Company revealed that Yaron Shalem and Mina Teicher have decided to resign from their positions as directors, effective immediately. This decision was aligned with the Company’s strategic cost-cutting initiatives, aimed at enhancing operational efficiency and increasing shareholder value.

Omniq Corp. expressed gratitude towards Mr. Shalem and Ms. Teicher for their valuable contributions during their tenure with the Company and extended best wishes for their future pursuits. Following Mr. Shalem’s resignation, Guy Elhanani, an independent director of the board and member of the Audit Committee, has been appointed as the new chairperson of the Audit Committee.

These changes signify the Company’s commitment to streamlining operations and optimizing resources for sustainable growth. The reshuffling of the board reflects Omniq Corp.’s dedication to driving efficiency and value creation within the organization.

For further updates and developments, investors and stakeholders are encouraged to stay tuned for additional announcements from OMNIQ Corp. as the company continues to navigate its strategic initiatives.

We continue to monitor OMNIQ Corp’s evolving corporate landscape for further insights and updates.

This concludes the report on OMNIQ Corp.’s recent board developments.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read OMNIQ’s 8K filing here.

About OMNIQ

OMNIQ Corp. provides artificial intelligence-based solutions in the United States. The company provides artificial intelligence technology to deliver data collection, real-time surveillance, and monitoring for supply chain management, homeland security, public safety, traffic and parking management, and access control applications.