Sunday, March 11, 2018 9:47:57 AM
When I was here last Gene had not yet resigned in terms of the formal filing requirements of the SEC which require an 8K filing upon the departure of a director.
So there's that.
The rules for the filing requirements for a Departed officer and director are fairly simple. They don't have to file a Form 4 unless they bought or sold within six months of their departure and are trading in the opposite direction of that transaction. There is no sign that Seymour has traded in any direction recently.
But as long as the retirement / resignation remains unformalized the issue is moot. His obligation to file appears to be intact. If he sells (or buys) he needs to file.
You tell me....
Has he resigned? Has he retired?
Or have they not been able to work out the terms of his departure and as a result he hasn't actually departed?
An 8-k would tell us.
But can it core A apple?
Yes Ralph, of course it can core A apple.
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