Brief: TAR Holdings LLC says resignation of Sito Mobile's CEO "is necessary"

Sito Mobile

31/07/2017 19:58

July 31 (Reuters) - Tar Holdings LLC: 
    * Sito Mobile's largest stockholder TAR Holdings LLC calls 
on four members of board to resign 
    * TAR says believes that immediate resignation of Thomas 
Pallack as Sito Mobile's CEO and certain other members of new 
management team "is necessary" 
    * Says continues to believe compensation packages recently 
approved by Sito Mobile's board are "not in best interests" of 
company 
    * Says TAR Holdings LLC owns abut 10 percent of Sito Mobile 
Ltd 
 
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