Summary by Moomoo AI
Intrusion Inc. has appointed Dion Hinchcliffe to its Board of Directors, effective July 1, 2024. Hinchcliffe, 54, is currently Vice President of CIO Practice at The Futurum Group and an executive fellow at Dartmouth College's Tuck Center for Digital Strategies. He brings extensive experience in enterprise IT, digital transformation, and technology leadership.As a non-management director, Hinchcliffe will receive standard compensation, including an annual retainer of $30,000, additional committee fees ranging from $7,500 to $18,000, and an annual restricted stock unit award not exceeding $70,000 in value. The Board considers Hinchcliffe an independent director under company and Nasdaq standards.Hinchcliffe's appointment fills a vacant Board seat. He will serve until the next annual meeting of stockholders, where he has been nominated for election. There are no special arrangements or transactions related to his selection as a director that require disclosure under SEC regulations.