Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers On November 30, 2005 we appointed Mr. Michael Barth, 45, to serve as our Chief Financial Officer and Chief Accounting Officer. Mr. Barth was also appointed Chief Financial Officer of our dsIT Solutions Ltd. subsidiary.
Mr. Barth is a Certified Public Accountant in both the U.S. and Israel and has 18 years of accounting experience. For the past six years Mr. Barth has served as the Assistant to the Chief Financial Officer and Controller of dsIT. From 1995 to 1999, Mr. Barth was a supervisor with Somekh Chaikin, a member of KPMG International. Prior to that, Mr. Barth was employed by public accounting firms in the United States. Mr. Barth holds a Masters of Business Administration in Accounting from Baruch College of the City University of New York.
The terms of an employment agreement between us and Mr. Barth have not yet been finalized; they will be described in an amendment to this Current Report on Form 8-K as soon as they become final.
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