CynergisTek, Inc. Announces the Return of Mac McMillan as CEO and President to Lead Next Phase of Growth
July 26 2021 - 5:30PM
Business Wire
CynergisTek, Inc. (NYSE AMERICAN: CTEK), a leader in healthcare
cybersecurity, privacy, and compliance, today announced the
re-appointment of the Company’s founder, Mac McMillan, to the
positions of Chief Executive Officer and President effective
immediately. Mr. Barlow will stay on for the next 30 days to
support the transition.
“I want to thank Caleb Barlow for his leadership through a very
difficult period during the pandemic and his efforts to support our
diversification strategy with CynergisTek being the first
organization to successfully pass the Cybersecurity Maturity Model
Certification (CMMC) Level 3 certification as an Authorized CMMC
Third Party Assessor Organization (C3PAO). Caleb has positioned us
well for future growth,” said Robert McCashin, Chairman of the
Board.
“We are excited and appreciative that Mac McMillan has agreed to
come back to lead CynergisTek. Mac was never too far from the
business in his role as a board member and his vision and thought
leadership over the years were integral to the Company’s success,
and a renewed focus to re-align our strategy and commitment to
meeting double digit growth,” said Mr. McCashin.
“I am both humbled and honored to be back leading the
CynergisTek team. CynergisTek has a tremendous pedigree and
reputation in the industry, particularly with our customers and
that is directly related to the professionalism, talent and
commitment of our employees. I’m excited about our future and
thrilled to lead this team to capture the tremendous opportunity in
front of us. I intend to quickly engage our employees, customers
and shareholders to communicate our plans with a single vision for
how we are going to get there. We expect to start laying this out
in more detail over the next couple of weeks and will have more
information on our earnings call tentatively scheduled for August
12th,” said Mac McMillan.
In connection with his appointment, the Company and Mr. McMillan
entered into an employment agreement. CynergisTek will provide
additional information regarding Mr. McMillan’s appointment in a
Current Report on Form 8-K to be filed with the Securities and
Exchange Commission.
About CynergisTek, Inc.
CynergisTek is a top-ranked cybersecurity consulting firm
helping organizations in highly-regulated industries, including
those in healthcare, government, and finance navigate emerging
security and privacy issues. CynergisTek combines intelligence,
expertise, and a distinct methodology to validate a company's
security posture and ensure the team is rehearsed, prepared, and
resilient against threats. Since 2004, CynergisTek has been
dedicated to hiring and retaining experts who bring real-life
experience and hold advanced certifications to support and educate
the industry by contributing to relevant industry associations. For
more information, visit www.cynergistek.com or follow us on Twitter
or LinkedIn.
Cautionary Note Regarding Forward-Looking Statements
This release contains certain forward-looking statements
relating to the business of CynergisTek, Inc. These forward-looking
statements are within the meaning of Section 27A of the Securities
Act of 1933, as amended (the “Securities Act”) and Section 21E of
the Securities Exchange Act of 1934, as amended (the “Exchange
Act”) and can be identified by the use of forward-looking
terminology such as “believes,” “expects,” “anticipates,” “would,”
“could,” “intends,” “may,” “will,” or similar expressions. Such
forward-looking statements involve known and unknown risks and
uncertainties, including but not limited to uncertainties relating
to product/services development; long and uncertain sales cycles;
the ability to obtain or maintain proprietary intellectual property
protection; future capital requirements; competition from other
providers; the ability of the Company’s vendors to continue
supplying the Company with supplies and services at comparable
terms and prices; the Company’s ability to successfully compete and
introduce enhancements and new features that achieve market
acceptance and that keep pace with technological developments; the
Company’s ability to maintain its brand and reputation and retain
or replace its significant customers; cybersecurity risks and risks
of damage and interruptions of information technology systems; the
Company’s ability to retain key members of management and
successfully integrate new executives; the Company’s ability to
complete acquisitions, strategic investments, entry into new lines
of business, divestitures, mergers or other transactions on
acceptable terms, or at all; potential risks and uncertainties
relating to the existing and ultimate impact of COVID-19, including
the geographic spread, the severity of the virus, the duration of
the COVID-19 outbreak, actions that may be taken by governmental
authorities to contain the COVID-19 outbreak or to treat its
impact, and the potential negative impacts of COVID-19 on the
global economy and financial markets, and other factors that may
cause actual results to be materially different from those
described herein as anticipated, believed, estimated or expected.
Certain of these risks and uncertainties are or will be described
in greater detail in the Company’s Form 10-K and Form 10-Q filings
with the Securities and Exchange Commission, which are available at
http://www.sec.gov. Given the risks and uncertainties, readers
should not place undue reliance on any forward-looking statement
and should recognize that the statements are predictions of future
results which may not occur as anticipated. Many of the risks
listed above have been, and may further be, exacerbated by the
COVID-19 pandemic, including its impact on the healthcare industry.
Actual results could differ materially from those anticipated in
the forward-looking statements and from historical results, due to
the risks and uncertainties described herein, as well as others not
now anticipated. CynergisTek is under no obligation (and expressly
disclaims any such obligation) to update or alter its
forward-looking statements whether as a result of new information,
future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20210726005803/en/
CynergisTek Investor Relations Contact: CynergisTek, Inc.
Paul Anthony (512) 402-8550 x8
InvestorRelations@cynergistek.com
CynergisTek Media Contact: Allison + Partners Jaime Tero
415-755-8639 jaime.tero@allisonpr.com
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