Goldleaf director David Glenn to step down
Goldleaf Financial Solutions (NASDAQ:GFSI) today announced that David Glenn has decided to step down from Goldleaf's Board of Directors, effective December 15, 2007, in order to focus on other activities.
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Mr. Glenn is a managing director of Lightyear Capital LLC, an affiliate of The Lightyear Fund, L.P.
Lightyear originally sponsored Goldleaf's recapitalization in January 2004, at which point Mr. Glenn had joined the Goldleaf Board. Lynn Boggs, Chief Executive Officer of Goldleaf, stated, "Lightyear was instrumental in the transformation of Goldleaf from the single-product model of Private Business to our current platform as a provider of integrated technology-based solutions designed to improve the performance of financial institutions. In particular, David has been a valuable member of our Board of Directors and, on behalf of all of us at Goldleaf, I thank him for his support and dedicated service during this transformation."