GAIN Capital reports results of AGM

Maria Nikolova

Joseph Schenk and Christopher W. Calhoun were elected as Class III directors at the meeting.

Online trading major Gain Capital Holdings Inc (NYSE:GCAP) has posted a SEC filing about the results of its Annual Meeting of Stockholders held on Thursday, July 11, 2019. At the Annual Meeting, the following matters were submitted to a vote of stockholders:

  • the election of two (2) Class III directors to serve until the Company’s 2022 Annual Meeting of Stockholders, or until their successors shall have been duly elected and qualified; and
  • the ratification of the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2019.

Both resolutions were passed. The Class III directors elected are Joseph Schenk and Christopher W. Calhoun.

GAIN’s Board of Directors is divided into three classes, with each class serving a consecutive three-year term. Currently, the Board of Directors is comprised of seven members.

Joseph Schenk and Christopher W. Calhoun. are expected to serve for a three-year term expiring at the Annual Meeting of Stockholders of the Company in 2022 or until their successors have been elected and qualified.

Mr Schenk currently serves as Chairman of GAIN’s Board of Directors. He is also a Member of the Audit Committee, the Compensation Committee and the Risk Committee. In addition, he is a member of GAIN’s Nominating and Corporate Governance Committee

Mr Schenk is currently a senior advisor to the Arena Group, a New York based investment manager. Prior to his involvement with Arena and its affiliates, from October 2012 through March 2016, he worked with The Carlyle Group as a Senior Advisor. Before that, Mr Schenk served as Chief Executive Officer of First NY Securities, LLC, a principal trading firm, beginning in June 2009.

From June 2008 to March 2009, Mr Schenk served as Chief Executive Officer of Pali Capital, Inc., a financial services firm. From September 1997 to December 2007, Mr. Schenk served in various executive roles at Jefferies Group, Inc., a full-service investment bank and institutional securities firm, including as Chief Financial Officer and Executive Vice President. From January 1996 through September 1997, Mr Schenk served as Chief Financial Officer and Treasurer of Tel-Save Holdings, Inc. (now Talk America Holdings, Inc.). From September 1993 to January 1996, Mr. Schenk served as Vice President, Capital Markets Group, with Jefferies.

Mr Schenk received a BS in Accounting from the University of Detroit.

Christopher W. Calhoun is currently Chairman of GAIN’s Risk Committee.

Since October 2015, Mr Calhoun has served as Chief Executive Officer and Chairman of the Board of Scivantage, Inc. Prior to that, he served as a director of Scivantage from October 2010.

From April 2009 to October 2010, Mr Calhoun served as GAIN’s part-time Senior Advisor, and GAIN’s Corporate Secretary from June 2007 to October 2010. From June 2008 to April 2009, Mr. Calhoun served as GAIN’s Managing Director. From December 2005 to July 2008, Mr Calhoun served as our Chief Operating Officer. From November 2000 to December 2005, Mr Calhoun served in various positions with GAIN, including Vice President of Operations and Vice President of Business Technology.

From March 1992 to March 2000, Mr Calhoun served in a number of executive level roles, including Chief Operating Officer of FNX Limited, an international provider of trading and risk-management systems. Mr Calhoun also serves as a non-executive member of the Board of Directors of Gain Capital UK Ltd, GAIN’s UK-based operating subsidiary.

Mr. Calhoun received a BS in Finance and an MBA from La Salle University.

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