Analyst Summary
- Chad Steelberg resigned from Veritone’s Board of Directors and will continue to serve as a strategic advisor.
- Francisco Morales was appointed to the Board, effective March 20, 2025, as a Class III director until the 2026 annual meeting.
- Morales is the Co-Founder and Executive Chairman of 5.11 Tactical, bringing experience in tactical apparel and gear.
- Morales will receive standard non-employee director compensation and is considered an independent director.
- Veritone issued a press release on March 13, 2025, announcing Morales’ appointment.
Potential Implications
Company Performance
- Morales’ experience in the public sector and global business operations could benefit Veritone’s expansion in these areas.
- His expertise may bolster Veritone’s presence in law enforcement, first responder, and military communities.
Stock Price
- The appointment of a seasoned executive like Morales could positively influence investor confidence.
- Successful expansion into the public sector, supported by Morales’ expertise, may drive stock appreciation.