Latest news with #Tucows'
Malaysian Reserve
7 days ago
- Business
- Malaysian Reserve
Tucows Announces Appointment of Board Chair, Vice Chair and Committee Leadership Following 2025 AGM
TORONTO, June 2, 2025 /CNW/ – Tucows Inc. (NASDAQ: TCX) (TSX: TC) today announced the appointment of Laurenz Nienaber as Chair of the Board of Directors and Jeffrey Tory as Independent Vice Chair, following the election of a new and returning slate of directors at the company's Annual General Meeting on May 20, 2025. In its first meetings, held in the days following the AGM, the newly constituted Board established its committee leadership and governance structure, reaffirming its commitment to proactive oversight and long-term value creation for Tucows shareholders. 'Having followed Tucows for over a decade, I'm honoured to take on this role and excited to work alongside the newly constituted board and the seasoned executive team,' said Laurenz Nienaber, newly appointed Chairman of the Board. 'We've already begun collaborating effectively and bring a strong mix of experience and perspectives. We're actively engaged with management as we navigate important strategic decisions to shape Tucows' next chapter.' Mr. Nienaber brings a wealth of experience in investment strategy, technology, and corporate governance as Founder and Managing Director of LMN Capital GmbH. His board leadership is complemented by Jeffrey Tory, appointed as Independent Vice Chair. Mr. Tory is Chair and Portfolio Manager at Pembroke Management Ltd., with nearly four decades of experience in North American growth investing and deep knowledge of capital markets and governance. Committee Leadership and Composition The newly formed Board also confirmed its committee assignments: Audit Committee Chair: Allen Taylor Members: Jeffrey Tory, Marlene Carl All members of the Audit Committee are independent directors under the NASDAQ Capital Market listing standards and Rule 10A-3 of the Exchange Act, and each brings strong experience in financial oversight. Chair Allen Taylor, President of GTD Partners and former CFO of Trisura Group, qualifies as an 'audit committee financial expert' as defined under Item 407(d)(5) of Regulation S-K. Mr. Taylor's background in private equity, financial turnarounds, and strategic investments ensures robust financial governance at Tucows. Compensation Committee (Newly established) Chair: Stephan Uhrenbacher Members: Laurenz Nienaber, Allen Taylor The Compensation Committee has been newly created, with responsibilities previously managed within the Governance and Nominating Committee. Chair Stephan Uhrenbacher, a serial entrepreneur and founder of Density Ventures and Sustainable Aero Lab, brings critical insight into incentive structures, startup ecosystems, and leadership development. This new committee structure reflects Tucows' emphasis on transparent and performance-aligned executive compensation practices. Governance and Nominating Committee Chair: Lee Matheson Members: Stephan Uhrenbacher, Dr. Sandra Matz Lee Matheson, a Partner at EdgePoint Investment Group with significant board and governance experience, will serve as Chair of the Governance Committee. He is joined by Dr. Sandra Matz, a behavioral data scientist and faculty member at Columbia Business School, and Mr. Uhrenbacher. This committee will guide Tucows' ongoing board refreshment and corporate governance practices. A Governance Structure for the Future 'We believe that this leadership structure for our Board provides us with a strong investor orientation while continuing to value all stakeholders' said Elliot Noss, President and CEO of Tucows. 'It demonstrates our continued commitment to good governance and shareholder alignment.' The Board structure is designed to foster accountability, enable clear delineation of responsibilities, and ensure strong oversight of the Company's operations across all business segments—Ting Internet, Tucows Domains, and Wavelo—as well as the legacy mobile operations within the Corporate segment. For more information on the Tucows Board of Directors, visit: About Tucows Tucows helps connect more people to the benefit of internet access through communications service technology, domain services, and fiber-optic internet infrastructure. Ting ( delivers fixed fiber Internet access with outstanding customer support. Wavelo ( is a telecommunications software suite for service providers that simplifies the management of mobile and internet network access; provisioning, billing and subscription; developer tools; and more. Tucows Domains ( manages approximately 24 million domain names and millions of value-added services through a global reseller network of over 35,000 web hosts and ISPs. Hover ( makes it easy for individuals and small businesses to manage their domain names and email addresses. More information can be found on Tucows' corporate website ( Tucows, Ting, Wavelo, and Hover are registered trademarks of Tucows Inc. or its subsidiaries. This release includes forward-looking statements as that term is defined in the U.S. Private Securities Litigation Reform Act of 1995, including statements regarding our expectations regarding our future financial results and, including, without limitation, our expectations regarding our ability to realize synergies from the Enom acquisition and our expectation for growth of Ting Internet. These statements are based on management's current expectations and are subject to a number of uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Information about other potential factors that could affect Tucows' business, results of operations and financial condition is included in the Risk Factors sections of Tucows' filings with the Securities and Exchange Commission. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. All forward-looking statements are based on information available to Tucows as of the date they are made. Tucows assumes no obligation to update any forward-looking statements, except as may be required by law.
Yahoo
02-06-2025
- Business
- Yahoo
Tucows Announces Appointment of Board Chair, Vice Chair and Committee Leadership Following 2025 AGM
TORONTO, June 2, 2025 /PRNewswire/ - Tucows Inc. (NASDAQ: TCX) (TSX: TC) today announced the appointment of Laurenz Nienaber as Chair of the Board of Directors and Jeffrey Tory as Independent Vice Chair, following the election of a new and returning slate of directors at the company's Annual General Meeting on May 20, 2025. In its first meetings, held in the days following the AGM, the newly constituted Board established its committee leadership and governance structure, reaffirming its commitment to proactive oversight and long-term value creation for Tucows shareholders. "Having followed Tucows for over a decade, I'm honoured to take on this role and excited to work alongside the newly constituted board and the seasoned executive team," said Laurenz Nienaber, newly appointed Chairman of the Board. "We've already begun collaborating effectively and bring a strong mix of experience and perspectives. We're actively engaged with management as we navigate important strategic decisions to shape Tucows' next chapter." Mr. Nienaber brings a wealth of experience in investment strategy, technology, and corporate governance as Founder and Managing Director of LMN Capital GmbH. His board leadership is complemented by Jeffrey Tory, appointed as Independent Vice Chair. Mr. Tory is Chair and Portfolio Manager at Pembroke Management Ltd., with nearly four decades of experience in North American growth investing and deep knowledge of capital markets and governance. Committee Leadership and Composition The newly formed Board also confirmed its committee assignments: Audit Committee Chair: Allen Taylor Members: Jeffrey Tory, Marlene Carl All members of the Audit Committee are independent directors under the NASDAQ Capital Market listing standards and Rule 10A-3 of the Exchange Act, and each brings strong experience in financial oversight. Chair Allen Taylor, President of GTD Partners and former CFO of Trisura Group, qualifies as an "audit committee financial expert" as defined under Item 407(d)(5) of Regulation S-K. Mr. Taylor's background in private equity, financial turnarounds, and strategic investments ensures robust financial governance at Tucows. Compensation Committee (Newly established) Chair: Stephan Uhrenbacher Members: Laurenz Nienaber, Allen Taylor The Compensation Committee has been newly created, with responsibilities previously managed within the Governance and Nominating Committee. Chair Stephan Uhrenbacher, a serial entrepreneur and founder of Density Ventures and Sustainable Aero Lab, brings critical insight into incentive structures, startup ecosystems, and leadership development. This new committee structure reflects Tucows' emphasis on transparent and performance-aligned executive compensation practices. Governance and Nominating Committee Chair: Lee Matheson Members: Stephan Uhrenbacher, Dr. Sandra Matz Lee Matheson, a Partner at EdgePoint Investment Group with significant board and governance experience, will serve as Chair of the Governance Committee. He is joined by Dr. Sandra Matz, a behavioral data scientist and faculty member at Columbia Business School, and Mr. Uhrenbacher. This committee will guide Tucows' ongoing board refreshment and corporate governance practices. A Governance Structure for the Future "We believe that this leadership structure for our Board provides us with a strong investor orientation while continuing to value all stakeholders" said Elliot Noss, President and CEO of Tucows. "It demonstrates our continued commitment to good governance and shareholder alignment." The Board structure is designed to foster accountability, enable clear delineation of responsibilities, and ensure strong oversight of the Company's operations across all business segments—Ting Internet, Tucows Domains, and Wavelo—as well as the legacy mobile operations within the Corporate segment. For more information on the Tucows Board of Directors, visit: About Tucows Tucows helps connect more people to the benefit of internet access through communications service technology, domain services, and fiber-optic internet infrastructure. Ting ( delivers fixed fiber Internet access with outstanding customer support. Wavelo ( is a telecommunications software suite for service providers that simplifies the management of mobile and internet network access; provisioning, billing and subscription; developer tools; and more. Tucows Domains ( manages approximately 24 million domain names and millions of value-added services through a global reseller network of over 35,000 web hosts and ISPs. Hover ( makes it easy for individuals and small businesses to manage their domain names and email addresses. More information can be found on Tucows' corporate website ( Tucows, Ting, Wavelo, and Hover are registered trademarks of Tucows Inc. or its subsidiaries. This release includes forward-looking statements as that term is defined in the U.S. Private Securities Litigation Reform Act of 1995, including statements regarding our expectations regarding our future financial results and, including, without limitation, our expectations regarding our ability to realize synergies from the Enom acquisition and our expectation for growth of Ting Internet. These statements are based on management's current expectations and are subject to a number of uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Information about other potential factors that could affect Tucows' business, results of operations and financial condition is included in the Risk Factors sections of Tucows' filings with the Securities and Exchange Commission. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. All forward-looking statements are based on information available to Tucows as of the date they are made. Tucows assumes no obligation to update any forward-looking statements, except as may be required by law. View original content to download multimedia: SOURCE Tucows Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
02-06-2025
- Business
- Cision Canada
Tucows Announces Appointment of Board Chair, Vice Chair and Committee Leadership Following 2025 AGM
TORONTO, June 2, 2025 /CNW/ - Tucows Inc. (NASDAQ: TCX) (TSX: TC) today announced the appointment of as Chair of the Board of Directors and Jeffrey Tory as Independent Vice Chair, following the election of a new and returning slate of directors at the company's Annual General Meeting on May 20, 2025. In its first meetings, held in the days following the AGM, the newly constituted Board established its committee leadership and governance structure, reaffirming its commitment to proactive oversight and long-term value creation for Tucows shareholders. "Having followed Tucows for over a decade, I'm honoured to take on this role and excited to work alongside the newly constituted board and the seasoned executive team," said Laurenz Nienaber, newly appointed Chairman of the Board. "We've already begun collaborating effectively and bring a strong mix of experience and perspectives. We're actively engaged with management as we navigate important strategic decisions to shape Tucows' next chapter." Mr. Nienaber brings a wealth of experience in investment strategy, technology, and corporate governance as Founder and Managing Director of LMN Capital GmbH. His board leadership is complemented by Jeffrey Tory, appointed as Independent Vice Chair. Mr. Tory is Chair and Portfolio Manager at Pembroke Management Ltd., with nearly four decades of experience in North American growth investing and deep knowledge of capital markets and governance. Committee Leadership and Composition The newly formed Board also confirmed its committee assignments: Audit Committee All members of the Audit Committee are independent directors under the NASDAQ Capital Market listing standards and Rule 10A-3 of the Exchange Act, and each brings strong experience in financial oversight. Chair Allen Taylor, President of GTD Partners and former CFO of Trisura Group, qualifies as an "audit committee financial expert" as defined under Item 407(d)(5) of Regulation S-K. Mr. Taylor's background in private equity, financial turnarounds, and strategic investments ensures robust financial governance at Tucows. Compensation Committee (Newly established) Chair: Stephan Uhrenbacher Members: Laurenz Nienaber, Allen Taylor The Compensation Committee has been newly created, with responsibilities previously managed within the Governance and Nominating Committee. Chair Stephan Uhrenbacher, a serial entrepreneur and founder of Density Ventures and Sustainable Aero Lab, brings critical insight into incentive structures, startup ecosystems, and leadership development. This new committee structure reflects Tucows' emphasis on transparent and performance-aligned executive compensation practices. Governance and Nominating Committee Chair: Lee Matheson Members: Stephan Uhrenbacher, Dr. Sandra Matz Lee Matheson, a Partner at EdgePoint Investment Group with significant board and governance experience, will serve as Chair of the Governance Committee. He is joined by Dr. Sandra Matz, a behavioral data scientist and faculty member at Columbia Business School, and Mr. Uhrenbacher. This committee will guide Tucows' ongoing board refreshment and corporate governance practices. A Governance Structure for the Future "We believe that this leadership structure for our Board provides us with a strong investor orientation while continuing to value all stakeholders" said Elliot Noss, President and CEO of Tucows. "It demonstrates our continued commitment to good governance and shareholder alignment." The Board structure is designed to foster accountability, enable clear delineation of responsibilities, and ensure strong oversight of the Company's operations across all business segments—Ting Internet, Tucows Domains, and Wavelo—as well as the legacy mobile operations within the Corporate segment. For more information on the Tucows Board of Directors, visit: About Tucows Tucows helps connect more people to the benefit of internet access through communications service technology, domain services, and fiber-optic internet infrastructure. Ting ( delivers fixed fiber Internet access with outstanding customer support. Wavelo ( is a telecommunications software suite for service providers that simplifies the management of mobile and internet network access; provisioning, billing and subscription; developer tools; and more. Tucows Domains ( manages approximately 24 million domain names and millions of value-added services through a global reseller network of over 35,000 web hosts and ISPs. Hover ( makes it easy for individuals and small businesses to manage their domain names and email addresses. More information can be found on Tucows' corporate website ( Tucows, Ting, Wavelo, and Hover are registered trademarks of Tucows Inc. or its subsidiaries. This release includes forward-looking statements as that term is defined in the U.S. Private Securities Litigation Reform Act of 1995, including statements regarding our expectations regarding our future financial results and, including, without limitation, our expectations regarding our ability to realize synergies from the Enom acquisition and our expectation for growth of Ting Internet. These statements are based on management's current expectations and are subject to a number of uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Information about other potential factors that could affect Tucows' business, results of operations and financial condition is included in the Risk Factors sections of Tucows' filings with the Securities and Exchange Commission. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. All forward-looking statements are based on information available to Tucows as of the date they are made. Tucows assumes no obligation to update any forward-looking statements, except as may be required by law.
Yahoo
29-05-2025
- Business
- Yahoo
Tucows Inc (TCX) Q1 2025 Earnings Call Highlights: Strategic Shift to Capital-Light Model and ...
Release Date: May 27, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Tucows Inc (NASDAQ:TCX) is focusing on becoming a capital light, asset light ISP, which could improve operational efficiency and reduce debt. The company has a productive 10-year relationship with the City of Westminster, Maryland, showcasing successful partnerships. Tucows Inc (NASDAQ:TCX) has identified a white space opportunity in the market for capital light ISPs, which could lead to growth. The company has best-in-class penetration, ARPU, and churn metrics, indicating strong operational performance. Tucows Inc (NASDAQ:TCX) is generating free cash flow of between $5 to $6 million per quarter, providing financial flexibility. Concerns were raised about Ting's balance sheet, which is considered unacceptable and potentially unsustainable. The shift to a capital light model results in lower net operating margins, from around 70% to 25-30%. The company faces challenges in normalizing or benchmarking its metrics against private equity firms. There is uncertainty and elevated costs associated with capital and construction projects. The current quarter experienced slightly elevated levels of balance sheet due to a seasonal receivable build. Warning! GuruFocus has detected 5 Warning Signs with TCX. Q: What is Tucows' strategy for Ting's balance sheet and future outlook? A: Eliot Noss, President and CEO, explained that the best path forward is leveraging their 130,000 owned addresses to reduce debt and transition to a capital-light, asset-light ISP model. This involves separating the ISP operations from the physical network infrastructure, a strategy pursued by major private equity firms. The goal is to improve operational efficiency and financial performance by shifting network maintenance costs to Netcos while focusing on customer relationships. Q: How does the capital-light ISP model affect financial margins? A: Eliot Noss noted that in a capital-light model, net operating margins shift from around 70% in a fully penetrated, traditionally capitalized network to 25-30%. This model offers a different risk-reward balance, with the ISP bearing the risk of penetration and ARPU but also benefiting from outperforming these metrics. Q: What are the key metrics for Tucows' domains growth initiatives? A: Dave Warra, CEO of Tucows Domains, stated that for storefronts, they focus on the number of orders processed and revenue and margin per order. For cloud hosting, the critical metric is the number of websites added. Both areas are currently modest in scale, but progress will be shared as they become more material. Q: How does Tucows plan to manage its free cash flow and stock repurchase decisions? A: Eliot Noss highlighted that a typical quarter in 2025 is expected to generate $5-6 million in free cash flow. The decision to repurchase stock is guided by three considerations: stock value, available cash, and any ongoing discussions that might preclude repurchases. There is no trade-off between servicing debt and repurchasing stock. Q: What is the significance of Tucows' reseller channel? A: Dave Warra emphasized the value of the reseller channel for broad distribution and low customer acquisition costs. However, the channel's success is measured by the pace of adoption, which is crucial for expanding their market reach. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Malaysian Reserve
22-05-2025
- Business
- Malaysian Reserve
Diverse, High-Impact Board Elected to Guide Next Phase of Growth for Tucows
TORONTO, May 21, 2025 /PRNewswire/ – Tucows Inc. (NASDAQ: TCX), (TSX: TC) announced that eight director nominees were elected to its Board of Directors at the company's Annual General Meeting held yesterday. The newly constituted Board brings a broad range of expertise across finance, technology, data analytics, and entrepreneurship—providing strategic leadership to help guide Tucows' next chapter of growth and innovation. 'We're pleased to welcome new and returning directors to the Tucows Board,' said Elliot Noss, President and CEO of Tucows. 'Each of them brings valuable experience and insight, along with a clear alignment to our values. This refresh reflects a thoughtful evolution of our Board, and we are deeply grateful to our outgoing directors for their years of service. We're confident this transition positions us well for the road ahead.' The newly-elected Board members include: Marlene Carl, the CFO of CHAPTERS Group AG, a German publicly traded investment company focused on scalable, long-term business models. Ms. Carl brings extensive experience in investment management and infrastructure financing—particularly in digital infrastructure and fiber network projects. Lee Matheson, Partner at EdgePoint Investment Group Inc., and previously the co-founder of Broadview Capital Management. Mr. Matheson has significant public company board experience across technology and financial services, and has an extensive background in investment management, financing, and SaaS businesses. Elliot Noss, the President and Chief Executive Officer of Tucows since 2001. Mr. Noss brings deep experience in internet infrastructure, software, and operational leadership, having overseen the launch and growth of Tucows' businesses including Domains, Ting, and Wavelo. Dr. Sandra Matz, David W. Zalaznick Associate Professor of Business at Columbia Business School and Director of the Center for Advanced Technology and Human Performance. A recognized leader in data-driven behavioral science, Dr. Matz focuses on how psychological traits influence consumer behavior and business outcomes. Laurenz Malte Nienaber, Founder and Managing Director of LMN Capital GmbH, brings deep experience in investment strategy, technology, and governance. Based in Munich, Mr. Nienaber is known for his analytical rigor and hands-on approach to board leadership. Allen Taylor, President of GTD Partners and former CFO of Trisura Group, has an extensive background in private equity operations, financial restructuring, and strategic investments. His previous leadership roles at Brookfield Asset Management and advisory roles bring wide-ranging financial and operational expertise. Jeffrey Tory, Chair and Portfolio Manager at Pembroke Management Ltd., has nearly four decades of experience investing in North American growth equities. A CFA charterholder and adjunct professor at McGill University, Mr. Tory brings expertise in financial analysis, capital markets, and corporate governance—critical to supporting long-term value creation. Stephan Uhrenbacher, a serial entrepreneur and investor, brings deep expertise in technology, sustainability, and startup acceleration. As Founder of Density Ventures and Sustainable Aero Lab, he has played a key role in mentoring innovative global ventures. He also previously held senior leadership roles at Qype, and DocMorris. These appointments underscore Tucows' commitment to assembling a Board with diverse global perspectives and deeply relevant expertise to help steward the company's long-term strategy, operational execution, and innovation across its business portfolio. Voting results were as follows: 1. Election of Directors Director Nominee Votes For % For Votes Withheld % Withheld Marlene Carl 6,253,024 89.67 720,089 10.33 Lee Matheson 6,537,189 93.75 435,924 6.25 Sandra Matz 6,568,650 94.20 404,463 5.80 Laurenz Malte Nienaber 6,586,317 94.45 386,796 5.55 Elliot Noss 6,009,694 86.18 963,419 13.82 Allen Taylor 6,587,059 94.46 386,054 5.54 Jeffrey Tory 6,587,059 94.46 386,054 5.54 Stephan Uhrenbacher 6,587,203 94.47 385,910 5.53 2. Ratification of Appointment of Deloitte LLP as the independent auditors for Tucows for the year ending December 31, 2025: Votes For % For Votes Against % Against Abstentions % Abstentions 7,515,484 99.79 7,419 0.10 8,470 0.11 Final results on all matters voted on at the annual meeting of shareholders held on May 20, 2025 will be filed with the Canadian securities regulators and the Securities and Exchange Commission. About Tucows Tucows helps connect more people to the benefit of internet access through communications service technology, domain services, and fiber-optic internet infrastructure. Ting ( delivers fixed fiber Internet access with outstanding customer support. Wavelo ( is a telecommunications software suite for service providers that simplifies the management of mobile and internet network access; provisioning, billing and subscription; developer tools; and more. Tucows Domains ( manages approximately 24 million domain names and millions of value-added services through a global reseller network of over 35,000 web hosts and ISPs. Hover ( makes it easy for individuals and small businesses to manage their domain names and email addresses. More information can be found on Tucows' corporate website ( Tucows, Ting, Wavelo, and Hover are registered trademarks of Tucows Inc. or its subsidiaries.
