HighCom Global Security Inc. (HCGS)

[geodan]

Item 5.02 Departure of Director or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers



The Company is announcing that Michael J. Gordon, formerly a director and Chief Executive Officer of the Company, and currently the Chief Executive Officer of the Company’s subsidiaries, namely, HighCom Armor Solutions and BlastGard Technologies, Inc., is retiring effective December 31, 2017. Michael Bundy, who is currently acting as the Chief Operating Officer of the Company’s operating HighCom subsidiary will become its Interim Chief Executive Officer. Earlier this month, Greg Sullivan, Chief Commercial Officer of the Company, resigned from his position with the Company.


This does not look good and I have a fair amount of HCGS. Have talked with Mike and liked him. Since new CEO came in results have dropped and two key people have left.