Banzai International appointed Nancy Norton as Chief Legal Officer, enhancing its legal and strategic capabilities for growth.
Quiver AI Summary
Banzai International, Inc. has announced the appointment of Nancy Norton as Chief Legal Officer, bringing extensive experience from her previous roles at Novartis, Kymeta, Ingram Micro Cloud, and Avanade. Her expertise in legal and compliance issues, particularly in high-tech and biotech industries, is expected to enhance Banzai's strategic and legal functions. CEO Joe Davy highlighted her leadership qualifications in areas such as licensing and M&A, which will be vital for the company's growth and acquisition strategies. Norton expressed her enthusiasm for joining Banzai and contributing to its expansion and shareholder value.
Potential Positives
- The appointment of Nancy Norton as Chief Legal Officer brings extensive legal and corporate governance expertise, which can enhance Banzai's strategic and legal capabilities.
- Norton has a proven track record in guiding companies through transformational growth, indicating potential for Banzai's future success.
- Her experience in licensing, privacy, regulatory matters, M&A, and commercial transactions is expected to be instrumental as Banzai continues to scale and pursue its acquisition strategy.
- Norton’s joining the executive team aligns with Banzai’s goal to support strategic priorities and deliver value to shareholders, reflecting a commitment to growth and expansion.
Potential Negatives
- The appointment of Nancy Norton as Chief Legal Officer may indicate prior legal or governance challenges within the company that necessitated the need for such extensive expertise at this level.
- The reliance on forward-looking statements raises concerns about the company's ability to meet its future financial and operational goals, as these are often subject to significant uncertainty and risk.
- There is a lack of detailed information regarding specific strategies or immediate goals under Norton’s leadership, which may leave stakeholders uncertain about the company’s direction.
FAQ
Who is Nancy Norton in relation to Banzai International, Inc.?
Nancy Norton has been appointed as the Chief Legal Officer of Banzai International, bringing extensive legal and corporate governance expertise.
What experience does Nancy Norton bring to Banzai?
Nancy Norton has a history of guiding technology and biotech companies through growth, including leadership roles at Novartis and Kymeta.
What will Nancy Norton’s role involve at Banzai?
Nancy will strengthen Banzai's legal capabilities and drive the company's acquisition strategy and overall growth initiatives.
What is Banzai International, Inc. known for?
Banzai is a marketing technology company that provides AI-enabled marketing and sales solutions for businesses of all sizes.
Where can I learn more about Banzai's investor information?
Investors can find more information at Banzai's investor relations website: https://ir.banzai.io.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$BNZI Insider Trading Activity
$BNZI insiders have traded $BNZI stock on the open market 7 times in the past 6 months. Of those trades, 1 have been purchases and 6 have been sales.
Here’s a breakdown of recent trading of $BNZI stock by insiders over the last 6 months:
- BF LENDING, LLC CP has traded it 6 times. They made 0 purchases and 6 sales, selling 691,149 shares.
- INVESTMENT CO ALCO purchased 282,420 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$BNZI Hedge Fund Activity
We have seen 3 institutional investors add shares of $BNZI stock to their portfolio, and 16 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CERCANO MANAGEMENT LLC removed 105,412 shares (-100.0%) from their portfolio in Q3 2024
- BRIGHTON JONES LLC removed 98,492 shares (-100.0%) from their portfolio in Q3 2024
- GEODE CAPITAL MANAGEMENT, LLC removed 88,583 shares (-100.0%) from their portfolio in Q3 2024
- VIRTU FINANCIAL LLC removed 84,958 shares (-100.0%) from their portfolio in Q2 2024
- ATLAS MERCHANT CAPITAL LLC removed 41,250 shares (-100.0%) from their portfolio in Q3 2024
- SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 38,034 shares (-100.0%) from their portfolio in Q3 2024
- CORIENT PRIVATE WEALTH LLC removed 30,000 shares (-100.0%) from their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
Brings Extensive Legal and Corporate Governance Expertise in Successful Technology and Biotech Companies
SEATTLE, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Banzai International, Inc. (NASDAQ: BNZI) (“Banzai” or the “Company”), a leading marketing technology company that provides essential marketing and sales solutions, today announced the appointment of Nancy Norton as Chief Legal Officer (CLO).
Nancy Norton is an experienced attorney with a demonstrated history of successfully guiding global hightech and biotech companies through transformational growth. Prior to joining Banzai, Norton served as Vice President, Legal at Novartis, where she led a legal team providing advice and counsel on a wide variety of legal, compliance and operational matters. She previously held leadership positions as General Counsel at Kymeta, a SaaS satellite technology provider; Vice President, Legal at Ingram Micro Cloud, a global IT leader; and Senior Corporate Counsel at Avanade, a leading provider of cloud and AI solutions within the Microsoft ecosystem. Norton holds a BA in Economics from the University of Michigan, a JD from Seattle University School, and a Master of Laws from the University of the Pacific.
“Nancy’s vast industry experience and deep legal expertise will immediately strengthen our strategic and legal capabilities, and we welcome her to the executive team,” said Joe Davy, Founder and CEO of Banzai. “Her proven leadership in licensing, privacy, regulatory matters, M&A and commercial transactions will be instrumental as we continue to scale. Nancy will also play a critical role in driving our acquisition strategy and exploring new avenues for growth.”
Norton added, “I am honored to join Banzai at such an exciting time in the Company’s journey. I look forward to working with Joe, the senior leadership team, and everyone at Banzai to support the Company’s strategic priorities, deliver value to shareholders, and contribute to the overall continued growth and expansion.”
About Banzai
Banzai is a marketing technology company that provides AI-enabled marketing and sales solutions for businesses of all sizes. On a mission to help their customers grow, Banzai enables companies of all sizes to target, engage, and measure both new and existing customers more effectively. Banzai customers include Cisco, New York Life, Hewlett Packard Enterprise, Thermo Fisher Scientific, Thinkific, Doodle and ActiveCampaign, among thousands of others. Learn more at www.banzai.io . For investors, please visit https://ir.banzai.io .
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often use words such as “believe,” “may,” “will,” “estimate,” “target,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “propose,” “plan,” “project,” “forecast,” “predict,” “potential,” “seek,” “future,” “outlook,” and similar variations and expressions. Forward-looking statements are those that do not relate strictly to historical or current facts. Examples of forward-looking statements may include, among others, statements regarding Banzai International, Inc.’s (the “Company’s”): future financial, business and operating performance and goals; annualized recurring revenue and customer retention; ongoing, future or ability to maintain or improve its financial position, cash flows, and liquidity and its expected financial needs; potential financing and ability to obtain financing; acquisition strategy and proposed acquisitions and, if completed, their potential success and financial contributions; strategy and strategic goals, including being able to capitalize on opportunities; expectations relating to the Company’s industry, outlook and market trends; total addressable market and serviceable addressable market and related projections; plans, strategies and expectations for retaining existing or acquiring new customers, increasing revenue and executing growth initiatives; and product areas of focus and additional products that may be sold in the future. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition and liquidity and development of the industry in which the Company operates may differ materially from those made in or suggested by the forward-looking statements. Therefore, investors should not rely on any of these forward-looking statements. Factors that may cause actual results to differ materially include changes in the markets in which the Company operates, customer demand, the financial markets, economic, business and regulatory and other factors, such as the Company’s ability to execute on its strategy. More detailed information about risk factors can be found in the Company’s Annual Report on Form 10-K and the Company’s Quarterly Reports on Form 10-Q under the heading “Risk Factors,” and in other reports filed by the Company, including reports on Form 8-K. The Company does not undertake any duty to update forward-looking statements after the date of this press release.
Investor Relations
Chris Tyson
Executive Vice President
MZ Group - MZ North America
949-491-8235
BNZI@mzgroup.us
www.mzgroup.us
Media
Rachel Meyrowitz
Director, Demand Generation, Banzai
media@banzai.io