Tag: AlarmForce Industries
Fired AlarmForce CEO wants $11.3 million in damages
October 2, 2013Tess Nacelewicz
TORONTO—The recently ousted CEO of AlarmForce Industries is suing the company for more than $11.3 million, claiming he was wrongfully dismissed and suggesting age discrimination was a reason.Joel Matlin, who founded AlarmForce 25 years ago, was abruptly fired in July after a unanimous vote by the company's board. Matlin, 65, who previously told Security Systems News that his termination as CEO and president was the result of “a mutiny created by my CFO, Anthony Pizzonia,” filed...
Fired AlarmForce CEO fighting his ouster
August 7, 2013Tess Nacelewicz
TORONTO—The recently ousted CEO of AlarmForce Industries, one of Canada's largest security companies, said he's planning a legal strategy designed to replace the board members who fired him.“I'm working on getting rid of the existing board,” said Joel Matlin, who also founded the company, based here, 25 years ago. He told Security Systems News that he's working with his legal team to hold a proxy vote that he believes will result in getting a new board in place.His termination as...