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Replies to post #37469 on MedSmart Group Inc (MSGP)
VETERANTRADER
02/08/13 3:55 PM
#37470 RE: yogowypi #37469
Employees Kenneth P. Glynn was elected to the positions of President, Secretary and Chairman of the Board on June 16, 2009. On July 1, 2009, and subsequently renewed on July 1, 2010 and July 1, 2011, the Company entered into one (1) year employment agreement with Mr. Glynn to serve as President and Chief Executive of the Company at an annual base salary of $96,000 each year. On July 1, 2012, the Company renewed Mr. Glynn’s employment agreement for an additional one (1) year at an annual base salary of $144,000 for the year. It is the present intention of Mr. Glynn to defer a portion of his salary payment for at least the next 6 months. As of September 30, 2012, we had one employee, Kenneth P. Glynn. All other participants in Company activities are through purchased support services and independent contractors.