Bradley hasn't made a public peep since his appointment on August 14, 2013. His appointment was approved by shareholders at the December 2013 shareholders meeting, the proxy statement for which said:
"1. To elect two directors to hold office for a one-year term and until each of their successors are elected and qualified;"
Appropriately enough he has not been compensated for taking his 4 year nap.
He has not made an ownership filing since his original Form 3 wherein he made it clear that he had zero holdings.
There's no record of his disappearance and no filing of his resignation so it seems likely that, on paper at least, he's still a Director. The 8-K instructions provide filing guidance for when "a director has resigned or refuses to stand for re-election" but doesn't address a disappearance or dead silence.
His background in accounting makes him a qualified and likely candidate for Chairman of an Audit Committee should one be formed. The Audit Committee Charter doesn't require him to make a public peep so as Chairman I would expect him to go forward in a manner consistent with his past practice.
I'd like to know whether he voted to appoint the two new directors...I'm pretty sure that the by-laws call for a majority decision and I don't know how the law deals with a two man board if only one member votes "aye".
"what’s the status of Phil Bradley?"
Director by default?
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