Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
On December 8, 2010, Mr. Steven M. Plumb, age 51, was appointed to serve as the Company’s chief financial officer (“CFO”). Mr. Plumb is a CPA licensed to practice in Texas. Mr. Plumb is a financial manager and senior executive experienced in operations, finance and marketing. Mr. Plumb is the president of Clear Financial Solutions, Inc. a business consulting firm that assists public and private companies with financing, operations improvement, outsourced accounting, SEC reporting, mergers and acquisitions, and financial analysis. From 2005 to 2009 Mr. Plumb served as the chief financial officer of Hyperdynamics Corp. and from 2002 through 2004, Mr. Plumb served as Vice President and Chief Financial Officer of Adventrx Pharmaceuticals, Inc. Prior to this, Mr. Plumb served as the Chief Financial Officer of DePelchin Children's Center, and as controller of Memorial City Rehabilitation Hospital in Houston, Texas. Mr. Plumb is a former auditor and consultant with KPMG. Mr. Plumb earned his BBA degree in accounting from the University of Texas at Austin. In connection with his appointment, Mr. Plumb will be compensated $2,500 per month.
