Zynex (NASDAQ: ZYXI) has announced the engagement of financial advisory firm Province LLC, the appointment of Paul Aronzon to its board of directors, and the formation of a special committee.
Mr. Paul Aronzon brings more than 40 years of experience to Zynex. He has served as a leading consultant in corporate restructurings and reorganizations, with extensive experience in advising companies, boards of directors and advisory committees to boards of directors, independent directors, sponsors, debtors, creditors, debt acquirers, assets or companies and other parties in cases of reorganization and recapitalization operation.
The Zynex board of directors has formed a special committee composed of independent directors and has appointed Mr. Aronzon to serve as chair. Current director Bret Wise will also serve on the special committee. This committee will work closely with management, Province and counsel to assess and implement strategic alternatives, as appropriate.
“We are taking decisive steps to ensure Zynex is well positioned going forward,” said Steven Dyson, CEO of Zynex. “The engagement of Province and the formation of the special committee reflect our commitment to exploring all avenues to create a new future for Zynex.”
