Absolute Software Corporation
-
Date: 2016-01-05
Form 51–102F3
Material Change Report
Item 1
Name and Address of Company
Absolute Software Corporation
1055 Dunsmuir Street
Suite 1600
Vancouver, BC V7X 1K8
Canada
Item 2
Date of Material Change
January 5, 2016
Item 3
News Release
Absolute Software Corporation (“Absolute” or the “Company”) (TSX: ABT)) issued a press release on January 5,
2016 in Toronto, Ontario, Canada that was disseminated by Canada Newswire. A copy of the news release is attached
hereto as Schedule “A”.
Item 4
Summary of Material Change
Symantec executive Sean Maxwell was appointed as Chief Commercial Officer of Absolute.
Item 5
Full Description of Material Change
5.1
Full Description of Material Change
Absolute® Software Corporation announced that technology industry veteran Sean Maxwell will join Absolute as
chief commercial officer on February 1, 2016. With this announcement, Thomas Kenny, executive vice president
and general manager, Worldwide Sales, will be leaving Absolute. For a more detailed description of the material
change, see the press release attached as Schedule “A”.
5.2
Disclosure for Restructuring Transactions
Not applicable.
Item 6
Reliance on subsection 7.1(2) of National Instrument 51–102
Not applicable.
Item 7
Omitted Information
Not applicable.
Item 8
Executive Officer
Errol Olsen
Chief Financial Officer
Absolute Software Corporation
604-730-9851
Item 9
January 5, 2016
Date of Report
-2SCHEDULE A
Symantec Executive Sean Maxwell
Appointed as Chief Commercial Officer at Absolute
Vancouver, Canada: January 5, 2016 – Absolute® Software Corporation (TSX: ABT) the
industry standard for persistent endpoint security and data risk management solutions,
today announced that technology industry veteran Sean Maxwell will join Absolute as Chief
Commercial Officer on February 1, 2016. Maxwell will also become a member of the
Absolute senior executive committee, reporting to Geoff Haydon, Chief Executive Officer.
“We are excited to welcome Sean to the Absolute team. He is a seasoned information
security executive with a proven track record in leading global sales teams,” stated Haydon.
“Sean has produced consistently positive results throughout his career and we know that
Absolute will benefit greatly from his leadership and vision.”
Most recently Maxwell was Vice President, Global Sales Strategy & Field Enablement at
Symantec. In this role he was responsible for global sales and go-to-market planning – from
defining the sales strategy to delivering quarterly results. He also led the sales training and
enablement functions. Prior to his work at Symantec, Maxwell held sales leadership roles
with Virtual Instruments and EMC.
“Absolute represents a uniquely compelling opportunity within the information security
industry. With its broadly embedded Persistence technology, Absolute customers can address
real world threats and optimize their security postures,” stated Maxwell. “Absolute provides a
unique value in the layered approach to security that successful organizations rely upon to
mitigate risk and protect sensitive data. I am very excited to be joining the Absolute team.”
With this announcement, Thomas Kenny, Executive Vice President and General Manager,
Worldwide Sales, will be leaving Absolute.
“I would like to thank Thomas for his contributions to Absolute during the past three years
and wish him future success,” said Haydon.
About Absolute
Absolute Software Corporation (TSX: ABT) is the industry standard in persistent endpoint
security and data risk management solutions. Persistence® technology from Absolute provides
organizations with visibility and control over all of their devices, regardless of user or location. If
an Absolute client is removed from an endpoint, it will automatically reinstall so IT can secure
each device and the sensitive data it contains. No other technology can do this. Persistence
technology is embedded in the firmware of computers, netbooks, tablets and smartphones by
global leaders, including Acer, ASUS, Dell, Fujitsu, HP, Lenovo, Microsoft, Panasonic, Samsung,
and Toshiba, and the Company has reselling partnerships with these OEMs and others,
including Apple. For more information about Absolute, visit www.absolute.com.
-3©2016 Absolute Software Corporation. All rights reserved. Absolute and Persistence are registered trademarks of Absolute Software
Corporation. For patent information, visit www.absolute.com/patents. The Toronto Stock Exchange has neither approved nor
disapproved of the information contained in this news release.
For more information, please contact:
Public Relations:
Becky Obbema, Interprose
[email protected] or 1 408 778 2024
or
Toru Levinson, Absolute
[email protected] or 1 604 730 9851 x208
Investor Relations:
Kristen Dickson, NATIONAL Equicom
[email protected] or 1 416 848 1429