MEDOVEX CORP. (NASDAQ:MDVX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On August 16, 2017, Jeffrey Wright resigned from his position as Chief Financial Officer of the Company. The resignation is not in connection with any known disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Mr. Wright will remain with the Company as its Controller which will be deemed to be an executive officer position..
On August 16, 2017, the Board appointed Charles Farrahar to serve as the Company’s Chief Financial Officer, effective August 16, 2017. Currently, Mr. Farrahar will continue with his $40,000 per year salary and will be eligible to participate in the Company’s bonus and stock option programs.
Charles Farrahar
Charlie Farrahar is a Certified Public Accountant with over 30 years of managerial finance, administration, human resource and risk management experience in the public, private and non-profit sectors. Mr. Farrahar was the first Chief Financial Officer of the Company from its inception in 2013 through its initial public offering. He remained with the Company as its Secretary, only, from January 2015 until August 16, 2017, when he agreed to resume the CFO role. Mr. Farrahar currently serves as Chief Financial Officer for several small private biotech companies in the research and development stage. In 2013, he joined a private governmental assistance startup as its CFO and Director of Human Resources, helping with the sale of that company to a private entity in 2011 after it had grown to a multi-state operation with over 400 employees. In the late 1990’s, he was CFO of Credit Depot Corp. (a Nasdaq listed entity).
In addition on August 16, 2017, Mr. Steve Gorlin resigned as a Director of the Company and as the Co-Chairman of the Board. On August 16, 2017, Mr. Jesse Crowne was appointed to the Board to fill the vacancy and as the Executive Co-Chairman of the Board.
Jesse Crowne
Jesse Crowne has been acting as a Vice President of Business Development for the Company since January 2015. Mr. Crowne has been a Managing Partner at Gorlin Companies, a healthcare focused single family office specializing in founding and funding early ventures since July 2015. Between August 2015 and January 2017, Mr. Crowne has been the President of Vavotar Life Sciences, a private clinical stage biotechnology company developing antibody directed oncology products. Since 2016, Mr. Crowne has served as an Adjunct Professor at Westminster College teaching a course on financing new ventures to MBA students. From October 2013 to March 2014, he was the Co-Founder of Virtual Clinic Trials, LLC, a cloud based document management solution for clinical trials until it was sold to Global Deal Market in 2014. From 2010 to June 2014, he was an associate at White Pine Medical, a subsidiary of Essex Woodlands, which was a private equity investment fund seeking late-stage medical device opportunities.
Item 7.01
Regulation FD Disclosure
On August 17, 2017, the Company issued a press release announcing the appointment of Mr. Farrahar as the Company’s Chief Financial Officer, as set forth in Item 5.02 above. On August 21, 2017, the Company issued a press release announcing the appointment of Jesse Crowne as a Director and Co-Chairman. A copy of the press releases are attached to this report as Exhibits 99.1 and 99.2, respectively, and shall not be deemed incorporated by reference into any of the Company’s registration statements or other filings with the SEC, except as shall be expressly set forth by specific reference in such filing.
The information contained in this Current Report on Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. The furnishing of the information in this Current Report on Form 8-K is not intended to, and does not, constitute a representation that such furnishing is required by Regulation FD or that the information contained in this Current Report on Form 8-K constitutes material investor information that is not otherwise publicly available.
The Securities and Exchange Commission encourages registrants to disclose forward-looking information so that investors can better understand the future prospects of a registrant and make informed investment decisions. This Current Report on Form 8-K and exhibits may contain these types of statements, which are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, and which involve risks, uncertainties and reflect the Registrant’s judgment as of the date of this Current Report on Form 8-K. Forward-looking statements may relate to, among other things, operating results and are indicated by words or phrases such as “expects,” “should,” “will,” and similar words or phrases. These statements are subject to inherent uncertainties and risks that could cause actual results to differ materially from those anticipated at the date of this Current Report on Form 8-K. Investors are cautioned not to rely unduly on forward-looking statements when evaluating the information presented within.
Item 9.01
Financial Statements and Exhibits
(d)Exhibits.
|
Exhibit No. |
Description |
|
99.1 |
Press Release dated August 17, 2017 |
| 99.2 |
Press Release dated August 21, 2017 |
Medovex Corp. ExhibitEX-99.1 2 ex99-1.htm PRESS RELEASE SEC Connect Exhibit 99.1 Medovex Corporation Names Charlie Farrahar Chief Financial Officer ATLANTA,…To view the full exhibit click here
