Report11 bit studios
Oświadczenie o nieubieganiu się o wybór na kolejną kadencję: 11 bit studios
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Key insights
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Key number
Chairman will not seek re-election for the next three-year term.
Marcin Przasnyski, Chairman of the Supervisory Board of 11 bit studios, announced his decision on 14 June 2013. He will not seek re-election for the upcoming three-year term.
What changed
Excessive time commitments to other projects drove the decision.
Przasnyski cited extensive time commitments to other projects at various stages as the primary reason for stepping down. He expressed gratitude to shareholders and board members for their trust and collaborative work.
What stays
The outgoing chairman committed to maintaining his strategic investment.
Despite stepping down, Przasnyski affirmed continued strategic investment in 11 bit studios. He entered into a lock-up agreement for his shares effective until the end of 2014.
The lock-up. The outgoing chairman entered into a lock-up agreement for his shares effective until the end of 2014, with exceptions only for extraordinary events such as mergers, acquisitions, or calls.
The standard
The announcement emphasized transparency and equal information access.
The statement underscores transparency and equal access to information for all market participants.
The standard. The announcement was framed as a commitment to corporate governance standards, emphasizing transparency and equal information access for all market participants.
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Summary
The statement, issued by Marcin Przasnyski, Chairman of the Supervisory Board of 11 bit Studios SA on 14 June 2013, announces his decision not to seek re‑election for the next three‑year term. Przasnyski expresses gratitude to shareholders and board members for their trust and collaborative work during a critical phase of the company’s development and public listing. He cites extensive time commitments to other projects at various stages as the primary reason for stepping down, while affirming continued strategic investment in 11 bit Studios. The declaration includes a lock‑up commitment until the end of the following year, except in extraordinary circumstances such as a call, merger or acquisition. The statement underscores transparency and equal access to information for all market participants, reflecting the company’s commitment to governance standards. The document is a formal communication from the board chair to shareholders, covering the period up to mid‑2013 and focusing on corporate governance within the Polish capital market. No additional data, statistics or methodological details are provided beyond the personal commitment and governance context.
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