Capstone Companies, Inc. (OTCMKTS:CAPC) recently announced the appointment of Warner H. Session as an independent director, a move effective as of January 9, 2025. The appointment of Mr. Session fills a vacant position on Capstone Companies’ Board of Directors. The official Offer Letter between the Company and Mr. Session, dated January 9, 2025, solidifies his appointment and has been filed as Exhibit 10.1 in the Form 8-K report.
Warner H. Session, the newly appointed director, is the principal of Session Law Firm, P.C., based in Washington, D.C. With a background spanning several areas, he specializes in government relations, lobbying, government contracting, and procurement, among other fields. Mr. Session’s experience includes representing national trade associations before Congress and serving on the Board of Directors for the Metropolitan Washington Airports Authority. His career also involves significant roles in legislative and legal capacities in various advisory bodies.
Regarding Mr. Session’s appointment, the Compensation and Nomination Committee of Capstone Companies is set to determine his incentive stock-based compensation in early 2025. As an independent director, Mr. Session has no familial relationships with the Company’s existing directors and officers.
In a press release issued on January 14, 2025, Capstone Companies officially announced Mr. Session’s appointment as a director. The press release, attached as Exhibit 99.1 to the Form 8-K filing, provides detailed information on Mr. Session’s background and the Company’s rationale for his inclusion.
The Company, which operates in the OTCQB Venture Market under the trading symbol “CAPC,” has been reshaping its operations post its consumer product phase. With a strategic shift towards new revenue-generating activities, Capstone Companies has been focusing on augmenting its leadership team with expertise from diverse industries, a move that aligns with its broader vision for sustainable, profitable growth.
Capstone Companies emphasizes the importance of forward-looking statements, cautioning against placing undue reliance on such statements. The Company maintains an ongoing commitment to transparency and compliance, emphasizing the essentiality of thorough consideration of risk factors outlined in its filings with the Securities and Exchange Commission.
For additional information and media queries, interested parties can reach Capstone Companies at [email protected] or by calling (954) 570-8889 ext. 315.
This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Capstone Companies’s 8K filing here.
About Capstone Companies
Capstone Companies, Inc, through its subsidiaries, operates as a designer, manufacturer, and marketer of consumer products to simplify daily living through technology. The company offers Connected Chef, a purpose-built kitchen appliance tablet with an integrated platform for cooking accessories, such as cutting board, as well as Smart Mirrors.
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