SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): November 12, 2012
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Item 5.02 Departure of Directors or Principal Officers: Election of Directors: Appointment of Principal Officers.
On November 12, 2012, Dr. Frank N. Kautzmann, III, President and Chief Executive Officer of the registrant, resigned from these and all other positions held, except Chairman of the Board and Director. Dr. Kautzmann remains as Chairman of the Board and a Director of registrant.
Dr. Kautzmann had did not have any disagreement with the registrant on any matter relating to the registrants operations, policies, practices or any business matters.
The Board of Directors also named, and immediately elected, Mr. Rik Sanchez, registrants SVP, Sales and Marketing as CEO, President and Secretary. The Board is expected to shortly name all other officers of registrant as well as additional Board members according to registrants bylaws.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.