Moving iMage Technologies, Inc. (NASDAQ: MITQ) announced on April 30 2026 that Bart Bedard will become the company’s Chief Financial Officer, effective April 27 2026. Bill Greene, who has served as CFO since April 2023, will retire and remain on an advisory basis through October 2026, ensuring continuity during the transition.
Bedard brings more than 30 years of financial and accounting leadership, having held senior finance roles at Goodrich and L‑3 Harris Technologies. His compensation package includes a $200,000 base salary, a $10,000 signing bonus, and 75,000 stock options that vest immediately and over a three‑year period, aligning his incentives with MITQ’s long‑term performance.
The appointment is closely tied to MITQ’s recent acquisition of the Digital Cinema Speaker (DCS) loudspeaker product line from QSC, which closed on October 31 2025. Bedard’s experience in cost control and financial reporting is expected to support the integration of the DCS business and accelerate the scaling of MITQ’s cinema‑technology solutions portfolio, a key growth area for the company.
Francois Godfrey, President and COO, said, "We are excited to welcome Bart to the MiT team. We believe he brings great experience and energy to the CFO role that should benefit MiT as we work to scale our new DCS cinema loudspeaker business in tandem with our cinema technology solutions and systems integration offerings."
MITQ’s core business spans advanced out‑of‑home entertainment technology and services for cinemas, stadiums, arenas, esports, and immersive venues. The DCS acquisition expands the company’s footprint in the global cinema‑audio market and creates recurring revenue opportunities from parts, service, and distribution. Bedard’s role will be to ensure that the financial integration of this new segment is executed efficiently, that cost‑control initiatives are maintained, and that financial reporting remains robust as the company expands its product and service offerings.
With Bedard’s appointment, MITQ signals a commitment to disciplined financial management while pursuing aggressive growth in the cinema‑technology space. His background in large‑scale aerospace and defense finance teams positions him to navigate the complexities of integrating a sizable new business line, manage capital allocation for future expansion, and uphold strong internal controls as the company scales its operations.
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