ISSUER DIRECT CORP FILES (8-K) Disclosing Change in Directors or Principal Officers, Financial Statements and Exhibits
(Edgar Glimpses Via Acquire Media NewsEdge) Item 5.02 - Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On October 2, 2013, William Everett was appointed as a member of the Board of
Directors of Issuer Direct Corporation (the "Company").
In addition to his role as independent Director, Mr. Everett will also serve as
Chairman of the Audit Committee.
Mr. Everett has more than thirty years of management experience and currently
serves as a director of Hakisa SAS in Strasbourg France. In addition, Mr.
Everett recently served on the Board of NeoNova Network Services until it was
acquired in July 2013. Mr. Everett retired as Executive Vice President and CFO
of Tekelec, a publicly traded telecom equipment supplier, in April 2010. Since
that time, he has served as a corporate director and provided consulting
services to public company and private equity clients. He currently serves as
an Executive in Residence at the Poole College of Management at NC State
University. He has significant experience as both a Chief Financial Officer and
a general manager working with a variety of multi-national technology companies
over his career. Mr. Everett joined Tekelec as part of their acquisition of
Steleus in October 2004. At Steleus, Mr. Everett served as Executive Vice
President and CFO and was responsible for the worldwide finance and
administration functions of the Company. Prior to Steleus, Mr. Everett was Vice
President of Finance and Administration and CFO of Chemfab Corporation, a
publicly traded polymer sciences Company. During his career, Mr. Everett also
held executive operating and financial management positions at several other
high tech companies, including Epsilon Data Management and Eastman Software. He
was the Co-founder and President of Maps a la Carte, an internet mapping and
spatial data company, which was acquired by Demand Media Inc.
There are no family relationships between any of the Company's directors or
Related Party Transactions
There are no related party transactions reportable under Item 5.02 of Form 8-K
and Item 404(a) of Regulation S-K.
Mr. Everett will earn a monthly retainer of $2,333 month for each month he is a
member of the Board of Directors.
Also, Mr. Everett was granted a non-statutory stock option to purchase 40,000
shares of the Company's common stock at an exercise price of $7.76 (the "Stock
Option"). The Stock Option will be subject to vesting restrictions as follows:
6.25% will vest and be released from forfeiture in equal installments at the end
of each calendar quarter for the forty-eight month period beginning on October
2, 2013. In the event of a Change of Control (as defined in the Company's 2010
Equity Incentive Plan), any unvested portion of the Stock Option shall be
Item 9.01 - Financial Statements and Exhibits
Exhibit No. Description
99.1 Press Release issued by the Company on October 3, 2013 announcing the
appointment of Mr. William Everett.
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