Ideal Power Inc (IPWR)

[tykundegex]

CTO fired for pledging his shares as collateral.

Dumb move. Not sure if this will impact the company though -- their issue is a lack of commercial traction. They need to step up their game fast before their IP moat becomes obsolete.

Still hoping the B-TRAN will be a game changer for the company. Otherwise, I'm starting to think this is just another betamax story.

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On November 7, 2017, Bill Alexander’s employment as the Chief Technologist of Ideal Power Inc., a Delaware corporation (the “ Company ”), was terminated for cause pursuant to the terms of his employment agreement dated September 16, 2014. The Company recently discovered that Mr. Alexander, at the time that he was an executive officer and director of the Company, pledged shares of common stock as collateral for a personal loan in violation of the Company’s insider trading policy and code of conduct. Under the terms of his employment agreement, Mr. Alexander will not be paid any severance in connection with the termination of his employment for cause.