MADISON, Wis. – October 4, 2011 – Sonic Foundry, Inc.(NASDAQ: SOFO), the recognized market leader for rich media webcasting, lecture capture and knowledge management, today announced board member Mark Burish has been elected to the role of Chairman of the Board.
“I am extremely pleased that Mark will be taking on this new role, particularly at this time of opportunity for growth in the marketplace and for the Sonic Foundry organization,” said Gary Weis, Chief Executive Officer. “In the last 18 months, he has proven to be an active and valuable contributor for effective governance, and his business expertise will be a significant asset in advancing Sonic Foundry’s market leadership.”
Mark Burish has been a director of Sonic Foundry since March 2010 and is a founder and shareholder of the law firm of Hurley, Burish & Stanton, Madison, WI, which he helped start in 1983. He is the founder and CEO of Our House Senior Living, LLC, Milestone Senior Living, LLC and Milestone Management Services, LLC which he started in 1997. Mr. Burish received his BA degree in Communications from Marquette University in 1975 and his JD degree from the University of Wisconsin-Madison in 1978.
After seventeen years serving in executive management on the board and in the company, Rimas Buinevicius has expressed a desire to transition from Sonic Foundry to pursue other areas of interest. Consequently, Mr. Buinevicius has resigned his positions as Chief Strategy Officer, Executive Chairman and Director.
“Sonic Foundry’s board members and employees express their deep appreciation to Rimas for his dedication and stewardship over all these years,” said Mark Burish, Chairman of the Board. “His talent and leadership have helped position the company for continued growth, and with sincere thanks, we wish him the very best in his new endeavors.”
About Sonic Foundry®, Inc.
Sonic Foundry (OTC: SOFO) is the global leader for video capture, management and streaming solutions as well as virtual and hybrid events. Trusted by more than 5,200 educational institutions, corporations, health organizations and government entities in over 65 countries, its Mediasite Video Platform quickly and cost-effectively automates the capture, management, delivery and search of live and on-demand streaming videos. Learn more at www.mediasite.com and @mediasite.
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