SLGI new CEO was Chairman of NASDAQ company.
On December 19, 2012, the Board of Directors appointed Mr. J.P. McCormick to be our President and Chief Financial Officer. In addition, on December 19, 2012, Paul Goodman resigned as our President, effective immediately. A copy of the Ms. McCormick’s employment agreement is incorporated by reference and is filed as Exhibit 10.1 to this Form 8-K. In addition, Mr. McCormick has been appointed to a vacancy on our Board of Directors.
Mr. McCormick has substantial experience in managing Web-based business oriented around online communities. Since 2002, Mr. McCormick has been Chief Financial Officer of Activeworlds Inc., a Web-based virtual community. From 1999 through 2002, Mr. McCormick was Chairman of Activeworlds Corp., which was at that time a NASDAQ listed company. Mr. McCormick is a graduate of Kent State University, Ohio.