ue to the significant increase in commitments related to SAAK Management, Philibbosian has decided to step down from the Board to focus more of his time on growing his business while serving the expanded needs of existing clients. As a result, he has determined that he can not dedicate the appropriate time to adequately serve the needs of the company as a director.
“I am encouraged and excited about the expanded opportunities for SAAK Management,” Chris Philibbosian commented. “Although I know it is a prudent decision to place the demands of my business first, I am sorry to be stepping down from the Shuffle Master Board of Directors. This is an exceptional company with a talented executive team and I would have thoroughly enjoyed the opportunity to contribute to the promising next chapters of the Shuffle Master story.”
Commenting on the resignation, Philip Peckman, Chairman of the Board, said, “We are disappointed to lose Chris’ contributions to our Board; however, we understand and respect his need to devote time to SAAK Management and wish him continued success in the future.”