DSS Promotes Todd Macko to Interim CFO
October 30 2020 - 8:45AM
Document Security Systems, Inc. (“DSS” or the “Company”) (NYSE
American: DSS), a multinational company operating businesses
focusing on brand protection technology, blockchain security,
direct marketing, healthcare, real estate, and securitized digital
assets, today announced Todd D. Macko has been promoted to interim
Chief Financial Officer effective October 28, 2020.
Mr. Macko is a Certified Public Accountant with
over 25 years of financial management, corporate strategy, and
executive business leadership, and brings a wealth of experience to
his role at DSS with strengths in financial planning, analysis,
business process re-engineering, budgeting, financial reporting
systems, project evaluation, mergers and acquisitions, and treasury
and capital management.
Mr. Macko previously served as the Vice
President of Finance of DSS. As the VP of Finance, Mr. Macko’s
responsibilities included assisting DSS’s Interim Chief Financial
Officer in all aspects of financial and regulatory reporting. In
addition, his responsibilities also included the day-to-day
management of the company’s Accounting and Finance team and the
financial leadership in the directing and improving of the
accounting, reporting, audit, and tax activities. Prior to his role
as Vice President of Finance for the Company, Mr. Macko joined the
wholly owned subsidiary of DSS, Premier Packaging Corporation in
January 2019, as its Vice President of Finance.
Prior to joining the Company, Mr. Macko served
as the Corporate Controller for Baldwin Richardson Foods, a leading
custom ingredients manufacturer for the food and beverage
industry from November 2015 until January 2019. Prior to that, Mr.
Macko served as the Controller for The Outdoor Group, Genesis
Vision, Complemar Partners, and Level 3 Communications. Mr. Macko
obtained is Bachelor of Science in Accounting from Rochester
Institute of Technology.
“We are fortunate to have someone with Todd's
diverse background step into the role of Interim Chief Financial
Officer,” stated Frank D. Heuszel, CEO of DSS. “Todd’s proven
strengths in financial analysis, budgeting, business strategy,
and mergers and acquisitions will be tremendous assets to achieving
our long-term strategy and realizing our mission to reward our
shareholders by giving them the opportunity to share in the
economic benefits of the companies we acquire.”
“Todd has excelled in his time at DSS and
qualified to assume the role of Interim CFO for DSS,” said Jason
Grady, COO of DSS. “Beyond exhibiting the financial acumen
necessary for the job, Todd has been a key contributor and has had
a role in multiple strategic initiatives since joining DSS. He will
make a great Interim CFO."
About Document Security Systems, Inc.
DSS is a multinational company operating
businesses focused on brand protection technology, blockchain
security, direct marketing, healthcare, real estate, and
securitized digital assets. Its business model is based on a
distribution sharing system in which shareholders will receive
shares in its subsidiaries as DSS strategically spins them out into
IPOs. Its historic business revolves around counterfeit deterrent
and authentication technologies, smart packaging, and consumer
product engagement. DSS is led by its Chairman and largest
shareholder, Mr. Fai Chan, a highly successful global business
veteran of more than 40 years specializing in corporate
transformation while managing risk. He has successfully
restructured more than 35 corporations with a combined value of $25
billion.
For more information on DSS
visit http://www.dsssecure.com.
Investor Contact:
Dave Gentry, CEORedChip Companies
Inc.407-491-4498Dave@redchip.com
Safe Harbor Disclosure
This press release contains forward-looking statements that are
made pursuant to the safe harbor provisions within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Such
forward-looking statements include, but are not limited to,
statements related to the Company's intended use of proceeds and
other statements that are not historical facts. Forward-looking
statements are based on management's current expectations and are
subject to risks and uncertainties that may cause actual results or
events to differ materially from those projected. These risks and
uncertainties, many of which are beyond our control, include: risks
relating to our growth strategy; our ability to obtain, perform
under and maintain financing and strategic agreements and
relationships; risks relating to the results of development
activities; our ability to attract, integrate and retain key
personnel; our need for substantial additional funds; patent and
intellectual property matters; competition; as well as other risks
described in the section entitled "Risk Factors" in the prospectus
and in our other filings with the SEC, including, without
limitation, our reports on Forms 8-K and 10-Q, all of which can be
obtained on the SEC website at www.sec.gov. Readers are cautioned
not to place undue reliance on the forward-looking statements,
which speak only as of the date on which they are made and reflect
management's current estimates, projections, expectations and
beliefs. We expressly disclaim any obligation or undertaking to
release publicly any updates or revisions to any forward-looking
statements contained herein to reflect any change in our
expectations or any changes in events, conditions or circumstances
on which any such statement is based, except as required by
law.
DSS (AMEX:DSS)
Historical Stock Chart
From Mar 2024 to Apr 2024
DSS (AMEX:DSS)
Historical Stock Chart
From Apr 2023 to Apr 2024