The Company does not undertake a duty to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. You should exercise caution in interpreting and relying on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Companys control and could materially affect actual results, performance or achievements. Paramount does not undertake a duty to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Our Board and management team remain open-minded, and we will continue to thoroughly consider all opportunities to enhance stockholder value. Officers CHAIR EVP, U.S. , . Ms. Riddell Rose is a member of the Association of Professional Engineers and Geoscientists of Alberta, the Canadian Society of Petroleum Geologists, and the American Association of Petroleum Geologists, and a governor of the Canadian Association of Petroleum Producers. Patti Cary The Board of Education is responsible for . We are thrilled to welcome Dawn to Paramounts Board at such an exciting moment in our evolution, said Paramount Global chair Shari Redstone. David Sutphen, Chair Crystal Barnes John Branam Dia Bryant Anna Kimsey Edwards Carl Folta Jonathan Garcia Tracy Henderson John Jowers Kiesha King Dr. Mike Muoz Heidi L. Naunton Shivam Shah Mr. Jung is the Chair of the Environmental, Health and Safety Committee and a member of the Corporate Governance Committee. Paramounts 2021 performance demonstrates the substantial value of its assets and the potential of its platform as it achieved 45% growth in leasing year-over-year and reported Core FFO results that were 10.8% above market consensus when the year began. Mr. Howard Shainker Before joining CNE, Ms. Ostroff was President of Entertainment for The CW broadcast network and President of United Paramount Network, a former subsidiary of Paramount. By signing up you agree to receive content from us. Mr. Riddell has been the President and Chief Executive Officer of Paramount since May 2015 and Chairman of the Board since November 2018. "We are thrilled to welcome Dawn to Paramount's Board at such an exciting moment in our evolution," said Shari Redstone, Chair of Paramount's Board of Directors. | April 23, 2023 This ensures that Ostroff will be elected to the board at the annual meeting. "We believe her leadership, diverse expertise in content strategy and her long track record of driving transformation will prove invaluable as we seek to continue building on the success of Paramount's global multiplatform strategy.". "Their guidance and expertise were instrumental in navigating key milestones and evolving the Company to compete and lead in today's media landscape.". Chopra is an established financial and operational leader who has served as chief financial officer for several . Ostroffhas extensive experience across content development, multiplatform distribution and advertising. Tickets and Events. . "We are deeply grateful to Candace and Ron for their years of dedicated service and partnership," Redstone continued. These factors include, without limitation, the negative impact of the COVID-19 global pandemic on the U.S., regional and global economies and our tenants financial condition and results of operations, the ability to enter into new leases or renew leases on favorable terms, dependence on tenants financial condition, the uncertainties of real estate development, acquisition and disposition activity, the ability to effectively integrate acquisitions, the costs and availability of financing, the ability of our joint venture partners to satisfy their obligations, the effects of local, national and international economic and market conditions, the effects of acquisitions, dispositions and possible impairment charges on our operating results, regulatory changes, including changes to tax laws and regulations, any ongoing actions taken and future actions that may be taken by activist stockholders, and other risks and uncertainties detailed from time to time in the Companys filings with the U.S. Securities and Exchange Commission. In addition to offering innovative streaming services and digital video products, the company provides powerful capabilities in production, distribution, and advertising solutions. 2023 Deadline Hollywood, LLC. Upcoming Events; Calendar; Broadway; Performing Arts Series . When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. At Spotify, she oversaw the music and audio content business as well as the platforms global advertising business. Weitere Informationen darber, wie wir Ihre personenbezogenen Daten nutzen, finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. Board Of Directors Board Of Directors Mr. Hiitesh Topiiwaalla, Managing Director Mr. Hiitesh Topiiwaalla holds a degree in Commerce and possesses extensive cosmetic industry experience and is currently serving as the Managing Director of the company. "We are deeply grateful to Candace and Ron for their years of dedicated service and partnership," Redstone continued. Select the types of content you are interested in receiving. Submitted by vikas.kumar05@ on Mon, 09/19/2022 - 05:16 , , , , , , Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Paramount Global's Chief Financial Officer Naveen Chopra to Participate in the Gabelli Funds Media & Entertainment Symposium, Paramount Global Declares Quarterly Cash Dividends. Ostroff is poised to join the board as an independent director at Paramount Globals annual meeting on May 8. He also earned $3.1 million in regular salary. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz- und Cookie-Einstellungen oder Datenschutz-Dashboard klicken. "We are thrilled to welcome Dawn to Paramount's board at such an exciting moment in our evolution," said Shari Redstone, chair of Paramount's board of directors. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants. Following this comprehensive review, the Board unanimously determined that the proposal significantly undervalues Paramount and is not in the best interest of the stockholders. Our Board and management team remain open-minded, and we will continue to thoroughly consider all opportunities to enhance stockholder value. Ostroff is poised to join the board as an independent director at Paramou With Ostroff, Paramounts board will include eight independent directors. A Non-profit. Among other things, Bow Streets proposed pricing range is materially lower than our pre-COVID-19 trading levels and significantly undervalues our assets based on their intrinsic value. 8330 Alondra Blvd. He is a member of the Association of Professional Engineers and Geoscientists of Alberta (APEGA), the Society of Petroleum Evaluation Engineers (SPEE) and the Society of Petroleum Engineers (SPE) and has participated in numerous committees of those organizations. Sign up to get PRNs top stories and curated news delivered to your inbox weekly! These symbols will be available throughout the site during your session. Signup for Breaking News Alerts & Newsletters. Events. By submitting this form, you are granting: The Paramount Theater of Charlottesville, 215 East Main Street, Charlottesville, Virginia, 22902, United States, http://www.theparamount.net permission to email you. View source version on businesswire.com: https://www.businesswire.com/news/home/20201116006016/en/, Wilbur Paes . Mark Hahn Groups of 20 or more attending Paramount performances receive a 10% discount on the price of tickets (not valid for all shows). All children must have a ticket (no babes in arms). Nat Prentice, Secretary and Treasurer. Send us a tip using our annonymous form. You should exercise caution in interpreting and relying on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Companys control and could materially affect actual results, performance or achievements. Paramount has a rich history of responsible energy development, Proven and aligned board and management team committed to value creation, Paramount has a diversified portfolio of assets with top-tier liquids rich positions in the Montney and Duvernay plays, Paramount has an ongoing commitment to safe, responsible and sustainable energy development, Check back often for an opportunity to join a successful team, Find the right contact person to do business with at Paramount, Chairman and President and Chief Executive Officer. Proposal Significantly Undervalues Paramount, is Inadequate and Not in the Best Interest of Stockholders The Paramount Board Remains Open to All Opportunities to Enhance Stockholder Value; Will. Mr. Bell has acted as legal counsel in connection with private placements, prospectus offerings, take-over bids, plans of arrangement and general securities and corporate finance matters. AParamount, CA 90723 (562) 634-1178 (562) 634-1282, City of Paramount16400 Colorado Ave. Paramount, CA 90723 (562) 220-2222 (562) 630-6731, Paramount Unified School District15110 California Ave. Paramount, CA 90723 (562) 602-6002 (562) 634-6029, Syncis Inc.Paramount, CA 90723(424) 298-1726myfes.net/CreditWarrior. 2016. Incumbent board members Candace Beinecke and Ronald Nelson will not stand for re-election at that meeting, which will bring the number of board members to 11, including Ostroff. Ms. Lynch Proctor is an independent businesswoman who was elected to the board of directors on May 5, 2021. "Their guidance and expertise were instrumental in navigating key milestones and evolving the Company to compete and lead in today's media landscape.". Paramount holds one of the industry's most extensive libraries of TV and film titles. En vous inscrivant la newsletter, vous consentez la rception de contenus de notre part. Paramount Group, Inc. (NYSE: PGRE) ("Paramount" or the "Company") today announced that its Board of Directors has unanimously rejected an unsolicited proposal received from Bow Street LLC . Denise Miller - President Evan McMullen - VP Mary Gamache - Treasurer Laine Ricker-Patterson - Secretary . In making its determination, the Board considered, among other things, Paramounts successful recent portfolio transformation, trophy and Class A assets in premier markets, leading, fully integrated operating platform, and the outsized but temporary impact the COVID-19 pandemic is currently having on the real estate industry. We achieved impressive operating performance in 2021, executing leases of more than one million square feet and our 2022 guidance demonstrates our confidence in our ability to continue to drive growth as the industry environment recovers. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Menu. Since 2002 she has been a director and President and since 2005 the CEO of Perpetual Energy Inc., a TSX listed energy producer, and its predecessor, Paramount Energy Trust. Paramount Players is an American film production label of Paramount Pictures, focusing on "contemporary properties" while working with other Paramount Global brands. Paramount, CA 90723 Ticket Donations: See eligibility requirements and request ticket donations here. "We are deeply grateful to Candace and Ron for their years of dedicated service and partnership," Redstone continued. Board of Directors for the Will Rogers Motion Picture Pioneers Foundation. (See our Email Privacy Policy for details.) NEW YORK, March 17, 2023 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) (the "Company") today filed its proxy statement and announced changes to its Board of Directors (the "Board"), including the addition of Dawn Ostroff as an independent, non-executive director, pending a stockholder vote at Paramount's 2023 Annual Meeting of Stockhold. Adrienne Woodard. These factors include, without limitation, regional and global economies and the Companys tenants financial condition and results of operations; the ability to enter into new leases or renew leases on favorable terms; dependence on tenants financial condition; trends in the office real estate industry including telecommuting, flexible work schedules, open workplaces and teleconferencing; the uncertainties of real estate development, acquisition and disposition activity; the ability to effectively integrate acquisitions; the costs and availability of financing; the ability of the Companys joint venture partners to satisfy their obligations; the effects of local, national and international economic and market conditions; the effects of acquisitions, dispositions and possible impairment charges on the Companys operating results; regulatory changes, including changes to tax laws and regulations; and other risks and uncertainties detailed from time to time in Paramounts filings with the U.S. Securities and Exchange Commission. Our Board has fully and carefully reviewed and considered your proposal, with the benefit of advice from our external financial and legal advisors. The Company has also prudently structured acquisitions as joint ventures, enabling it to minimize downside risk while providing Paramount with the opportunity to further enhance returns through fees generated by managing and leasing the assets. From 2004 to 2014, Ms. McAuley was an exploitation engineer with an intermediate exploration and production company based in Calgary, Alberta. Throughout his career at the firm, his responsibilities included research analysis of integrated oil companies and oil and gas producers. Mr. Bell is the Co-President of Dominion Lending Centres Inc., a TSX Venture Exchange listed mortgage brokerage company, and served in various positions, including President and Chief Executive Officer, with its predecessor company Founders Advantage Capital Corp. since 2016. The Paramount Board and management team are confident the Company is well-positioned to drive long-term value-creation. The Company continues to drive strong rental growth as it repositions its trophy assets to meet tenants modern needs, as evidenced by its 18.7% mark-to-market growth on second generation space in the fourth quarter of 2021. We believe her leadership, diverse expertise in content strategy and her long track record of driving transformation will prove invaluable as we seek to continue building on the success ofParamountsglobal multiplatform strategy.. All Rights Reserved. "Their guidance and expertise were instrumental in navigating key milestones and evolving the Company to compete and lead in today's media landscape.". As always, we are committed to advancing the best interests of Paramount and all of our stockholders. Chris Stalboerger, Secretary. Gene Ulrich Jane Loose Kay Anderson Kristin Lennis Larry Davis . Non-Executive Chair of the company's Board of Directors: Team, Ms. Riddell Rose is also a director of Secure Energy Services Inc., a TSX listed company offering midstream infrastructure solutionsand a member of the Board of Directors of Altalink LP, a regulated energy transmission company. Board Of Directors Senior Management C48211E2-E2EF-4FD5-89E7-6F60A7DA4F36 4D1D3A39-298B-4935-B574-EEF6B4BC7C97 Board of Directors Shari Redstone Non-Executive Chair, Paramount Shari Redstone is a media executive with wide-ranging experience in the entertainment industry and related ventures. After Bakish, the highest-paid corporate executive at Paramount Global is chief financial officer Naveen Chopra, whose 2022 compensation reached $6.5 million. Proposal Significantly Undervalues Paramount, is Inadequate and Not in the Best Interest of Stockholders, The Paramount Board Remains Open to All Opportunities to Enhance Stockholder Value; Will Continue to Act in the Best Interest of All Stockholders. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Ostroff has a deep resume in TV and digital and she has familiarity with Paramount after having led the CW and its predecessor network, UPN, for nearly 10 years before her exit in mid-2011. 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This press release may contain forward-looking statements within the meaning of the federal securities laws. Prior thereto, Ms. Riddell Rose was a geological engineer and Corporate Operating Officer of Paramount and prior to that, a geological engineer with Shell Canada Limited. Thank you to The National Endowment for the Arts and the Virginia Commission for the Arts for their generous support of The Paramount Theater. Mr. Riddell graduated from Arizona State University with a Bachelor of Science degree in Geology and from the University of Alberta with a Master of Science degree in Geology and is currently a member of the Canadian Society of Petroleum Geologists and the American Association of Petroleum Geologists. Mr. Gobert is the Chair of the Compensation Committee and a member of the Audit Committee, the Corporate Governance Committee and the Reserves Committee. Variety is a part of Penske Media Corporation. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. 2023 Variety Media, LLC. John Pritzlaff While trans activists have always been integral to steps toward greater LGBTQ+ rights, "too often, the larger LGBTQ movement ignored or even actively erased the voices of trans and nonbinary folks," Kierra Johnson, executive director of the National LGBTQ Task Force, said in an email. Louie Lanza, Chair. Donations account for 60% of the revenue for the 501(c)(3) nonprofit Paramount Theater. We are thrilled to welcome Dawn toParamountsboard at such an exciting moment in our evolution, saidShari Redstone, chair ofParamountsboard of directors. Mr. Riddell served as President and Chief Operating Officer from June 2002 to May 2015 and in various positions at Paramount from May 1991 until June 2002. John Van Decker, Vice Chair. Chairman of the Board. Mr. Prior to Spotify, she co-founded Cond Nast Entertainment ("CNE") and served as President of CNE from 2011 to 2018. You can be sure that your donation will make a difference! Until his retirement in 2006, he was Vice-Chair of Peters & Co. Limited (an investment firm specializing in the Canadian oil and gas industry), a position he held since 2002, and was a member of its board of directors and its executive committee. Executive Vice President, Chief Financial Officer Meanwhile, in the annual proxy statement filed Friday with the Securities and Exchange Commission, Paramount disclosed that the 2022 compensation for CEO Bob Bakish climbed to $32 million last year, from $20 million in 2021. The full text of the letter sent by the Paramount Board of Directors to Monarch is below: This will respond on behalf of our Board of Directors to your proposal letter provided on February 24, 2022. Mike Morey. Greg Graham For more information about Paramount, please visit www.paramount.com and follow @ParamountCo on social platforms. Heis a professional engineer with more than 30 years experience in the oil and gas industry in Alberta. Keri Fiore. He is a firm believer of systems and processes. She most recently served as Chief Content and Advertising Business Officer at Spotify from 2018 to 2023, where she oversaw the company's music and audio content business as well as the platform's global advertising business. You may unsubscribe via the link found at the bottom of every email. The full text of the letter sent by the Paramount Board of Directors to Bow Street is below: November 16, 2020 Mr. Akiva Katz Mr. Howard Shainker Managing Partners Bow Street LLC 595 Madison . Established in 1988, Paramount is a locally owned and operated health insurance company headquartered in Toledo, Ohio, with over 500 local . The name alludes to the company's earliest origins as Famous Players Film Company, before its 1914 founding by William Wadsworth Hodkinson. She was the Chief Financial Officer and General Counsel of KERN Partners, an energy focused private equity firm, from 2009 to 2016 and prior thereto a practicing lawyer and chartered professional accountant with Felesky Flynn LLP, Bennett Jones LLP, and Deloitte, respectively, advising corporate clients on domestic and international transactions. She was a founder and Senior Vice President of Deltastream Energy Corporation from 2014 until its successful sale in 2022. 595 Madison Avenue Mar 17, 2023 3:11pm PT Dawn Ostroff Joins Paramount Global Board of Directors; CEO Bob Bakish's 2022 Compensation Rises to $32 Million By William Earl Courtesy of Spotify Former Spotify,. Networks Distribution Marketing Paramount VICE CHAIR SVP, Growth Operations Comcast TREASURER SVP, Partner Marketing and National Accounts Warner Bros. 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