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jwez

01/22/15 10:45 AM

#28793 RE: Phin #28788

maybe those were his shares that were given back...
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trding

01/22/15 10:45 AM

#28794 RE: Phin #28788


On January 9, 2015, Jim McCormick notified the Company that he would resign from his position as Chief Financial Officer of the Company, effective immediately. Mr. McCormick's resignation was not as a result of any disagreement with the Company and he will continue to be employed by the Company in other positions.

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rayinbrooklyn65

01/22/15 10:46 AM

#28795 RE: Phin #28788

Mr. McCormick did resign as the CFO, but, as the Form 8K released this morning goes on to further state, that "he will continue to be employed by the company in other postilions".


From This Morning's Form 8K Release:

Appointment of Chief Financial Officer

On January 9, 2015, Jim McCormick notified the Company that he would resign from his position as Chief Financial Officer of the Company, effective immediately. Mr. McCormick’s resignation was not as a result of any disagreement with the Company and he will continue to be employed by the Company in other positions.

On the same day, the Board appointed Phil Anderson as the Chief Financial Officer of the Company, effective immediately. Mr. Anderson will perform the services and duties that are normally and customarily associated with the Chief Financial Officer position as well as other associated duties as the Company’s Board or Executive Chairman reasonably determines.

Phil Anderson, 47, was an independent advisor to Pinnacle Fund, a family office and predecessor hedge fund, from December 2006 through his appointment as Chief Financial Officer of the Company. At Pinnacle Fund, Phil oversaw investments in both public and private companies. Prior to joining Pinnacle Fund, Mr. Anderson was the director of research at Siar Capital, a family office specializing in micro- and small-cap public and private investments. Prior to his time spent with Siar Capital, Phil performed sell-side research at C.E. Unterberg and Ladenburg Thalmann. Mr. Anderson holds a Bachelor of Science from Ithaca College and a Masters of Business Administration from Hofstra University.

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was CUIN2

01/22/15 10:46 AM

#28796 RE: Phin #28788

I think he is CAO, chief accounting officer. I saw it on a Bloomberg ECIG page.