Sezzle board member resigns citing differences with management

Sezzle Inc. (NASDAQ: SEZL) announced that board member Karen Webster resigned from her position effective April 3, citing differences in perspective with management regarding the company's direction, key decisions, and governance.

Webster served on the company's Audit and Risk Committee, Compensation Committee, and Nominating and Corporate Governance Committee at the time of her resignation. The company stated that Webster's resignation letter detailed her growing concerns about the company's strategic direction.

To fill the vacancy, Sezzle's board appointed Bryan Hunt as a director effective April 9. Hunt will serve until the company's next annual stockholders meeting. The board determined Hunt qualifies as an independent director under Nasdaq listing requirements.

Hunt, 57, serves as General Partner of Relevance Ventures and brings financial services experience spanning securities analysis, investment banking, and corporate valuation. He previously worked at Wells Fargo for more than 24 years in high yield and equity research roles. Institutional Investor Magazine recognized Hunt as the top food and beverage high yield analyst for seven consecutive years and top high yield analyst across all industries in 2016.

Hunt has been appointed to the same three board committees Webster previously served on: Audit and Risk, Compensation, and Nominating and Corporate Governance. He holds degrees from Vanderbilt University's Owen Graduate School of Management and the University of Alabama, along with the Chartered Financial Analyst designation.

The company filed Webster's resignation letter as an exhibit with the Securities and Exchange Commission and provided her with a copy of the filing.

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