Iteris (ITI) has shared an announcement.
Iteris, Inc., a leading provider of smart mobility infrastructure management solutions, has amended its CEO’s employment agreement, removing the fixed term and adding specific provisions ahead of a significant merger, signaling a new era of corporate structure. The company is poised for a strategic merger with Almaviva S.p.A, and while further details will be available in an upcoming proxy statement, the move is expected to have far-reaching implications for the company’s future and stockholder interests. Investors are encouraged to stay informed by reading the definitive proxy statement, which will contain crucial information about the merger’s impact.
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