Pure Cycle Corporation announced the appointment of a new independent director, Daniel J. Roller, to its Board of Directors, expanding the Board from 7 to 8 directors.
The appointment was made in cooperation with Maran Capital Management, LLC, which beneficially owns approximately 14.7% of Pure Cycle's common shares.
A new Strategy and Capital Allocation Committee will be chaired by Mr. Roller, with the aim of optimizing Pure Cycle's strategy and capital allocation.
Appointment of Daniel J. Roller
Daniel J. Roller, President of Maran Capital Management, LLC, brings new skillsets and perspectives to Pure Cycle's Board of Directors.
Cooperation Agreement with Maran
Maran has agreed to a customary standstill, voting, and other provisions, showcasing a collaborative relationship with Pure Cycle.
Enhanced Board Capabilities
The appointment of Mr. Roller strengthens the Board and adds expertise to enhance Pure Cycle's strategic direction.
- Pure Cycle's collaboration with Maran and the appointment of Daniel J. Roller demonstrate a commitment to enhancing the company's governance and strategic decision-making processes.
- The formation of a new committee chaired by Mr. Roller indicates a focus on optimizing Pure Cycle's operations and capital allocation strategies.
The appointment of Daniel J. Roller and the establishment of a new committee signify Pure Cycle Corporation's proactive approach to governance and strategic planning, aimed at driving sustainable growth and value creation for its stakeholders.