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Board Seat Changes

Since the Board of Directors controls the company, voluntary changes made to the Board will result in a change of control without a merger, acquisition, or other transformative transaction. Changes in the private company’s Board of Directors may be made for a variety of reasons. For example, the company may need additional expertise in a certain area for example. A Director may also be forcibly removed by due to a conflict of interest, lack of separation, or compensation.

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