DoubleDown Interactive (NASDAQ: DDI), a leading developer and publisher of digital social casino games, will hold an extraordinary general meeting (“EGM”) of shareholders next month. The meeting is slated to begin on Aug. 25, 2022, at 10 p.m. ET. in Seoul. According to the announcement, the company’s board of directors will present several resolutions for shareholders to vote on. Those resolutions include the re-election of current directors In Keuk Kim, Joseph A. Sigrist, Ki Chul Kim and Haenam Kim as directors of the company for a new three-year term, effective Aug. 26, 2022, through Aug. 25, 2025; the election of Whanlim Kim as a nonexecutive independent director of the company, also for a three-year term with the same start and end dates; and approval of the reduction of the company’s capital reserve in the amount of KRW 70,000,000,000. The company noted that the “record date” for determining shareholders that are entitled to receive notice and vote in the EGM would be Aug. 3, 2022. According to the announcement, Yanghoon Cho and Jaesung Chung, two additional nonexecutive independent directors, will not be up for re-election at the EGM; their current three-year terms are set to expire in May 2023. The company also noted that if elected by the requisite vote of the shareholders at the EGM, the board plans to appoint Whanlim Kim as the third independent director on the audit committee.
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About DoubleDown Interactive Co. Ltd.
DoubleDown Interactive is a leading developer and publisher of digital games on mobile and web-based platforms. The company is the creator of multiformat interactive entertainment experiences for casual players, bringing authentic Vegas entertainment to players around the world through an online social casino experience. DDI’s flagship title, DoubleDown Casino, has been a fan-favorite game on leading social and mobile platforms for years, entertaining millions of players worldwide with a lineup of classic and modern games. For more information about the company, visit www.DoubleDownInteractive.com.
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