Effective December 12, 2016, the board of directors of the Company chose not to renew an employment agreement with Ron Carter to serve as the Company’s chief executive officer. Therefore, effective December 12, 2016, Mr. Carter is no longer an officer or director of the Company.
Effective December 12, 2016, the board of directors of the Company appointed Solomon Ali to serve as interim Chief Executive Officer of the Company. There are no arrangements for compensation to be paid to Solomon Ali for his service as interim Chief Executive Officer at this time.
