![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
ViewCast com Inc (CE) | USOTC:VCST | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0002 | 0.00 | 01:00:00 |
Delaware | 0-29020 | 75-2528700 | ||
(State or other jurisdiction
of incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
3701 W. Plano Parkway, Suite 300
Plano, Texas |
75075 |
|
(Address of principal executive offices) | (Zip Code) |
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.02 |
Departure of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain Officers.
|
(a) |
On July 12, 2011, David T. Stoner resigned his position as a director of ViewCast.com, Inc.
(the Company).
|
(b) |
On July 12, 2011, David T. Stoners employment with the Company as President and Chief
Executive Officer terminated.
|
(c) |
On July 12, 2011, the Board of Directors (Board) of the Company named George C. Platt as
Executive Chairman of the Company. Mr. Platt, age 70, had been Chairman of the Company and
had been Chief Executive Officer of the Company until his retirement from that position in May
2008. He will continue to receive an annual salary of $65,000.
|
|
On July 12, 2011, the Board named John C. Hammock as President and Chief Operating
Officer of the Company effective July 13, 2011. Mr. Hammock, age 48, joined the
Company in February 2010 as Vice President of Sales. The Company has entered into a
letter agreement with Mr. Hammock which provides for a base salary of $215,000 per
year and the bonus and stock option grants provided below.
|
(e) |
Mr. Hammocks letter agreement also provides for a bonus opportunity under the Companys 2011
Executive Incentive Compensation Plan (Plan) for Mr. Hammock which the Company adopted
effective July 13, 2011. This plan provides for the Company to pay Mr. Hammock 15% of base
salary if quarterly revenue and profit goals are met, and 15% of annual base salary if annual
revenue and profit goals are met for a projected annual bonus of $64,500 if 100% of target
goals are met. If the target goals are exceeded, the bonus is adjusted in a linear fashion
for performance above 100%, with a cap of 150% in the case of the profit component of the
target. In order to receive these payments, Mr. Hammock must be employed by the Company on
the date paid. In addition, the Company also agreed to recommend to the Board that the
Company grant Mr. Hammock stock options to purchase 100,000 shares of the Companys common
stock at an exercise price of fair market value, with one third to vest 12 months from the
date of grant and the remainder to vest 1/36
th
each month thereafter.
|
Item 9.01 |
Financial Statements and Exhibits.
|
99.1 |
Press release dated July 13, 2011.
|
VIEWCAST.COM, INC.
|
||||
Date: July 13, 2011 | ||||
By: | /s/ Laurie L. Latham | |||
Laurie L. Latham | ||||
Chief Financial Officer |
Exhibit No. | Description | |
|
||
99.1
|
Press release dated July 13, 2011. |
1 Year ViewCast com (CE) Chart |
1 Month ViewCast com (CE) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions