GYROTRON TECHNOLOGY, INC. (OTCMKTS:GYTI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers
On December 28, 2016, Jan Loeb tendered his resignation as a
director of Gyrotron Technology, Inc. (the Company) due to other
business obligations which Mr. Loeb believes do not allow him to
devote proper time to the Company. The following is the text of
Mr. Loebs e-mail to the Company:
To the Board of Gyrotron,
My recent election to the Board of Keweenaw Land Association and
becoming the Chairman of their Strategic Review Committee and my
position as CEO of Acorn Energy unfortunately does not allow me
to devote the proper time to Gyrotron. Consequently, I hereby
submit my resignation to the Board of Gyrotron. My view of the
company, its outstanding management and technology has not
changed and as a continuing shareholder I will be watching
closely as the companys technology becomes widely adopted.
Wishing you all the best.
Very Sincerely,
Jan
Mr. Loebs resignation was not due to any disagreements between
Mr. Loeb and the Company or disagreements with other officers or
directors of the Company regarding its operations, policies or
practices.
About GYROTRON TECHNOLOGY, INC. (OTCMKTS:GYTI)
Gyrotron Technology, Inc. is an industrial technologies company. The Company develops and seeks to license industrial technologies primarily to the glass, semiconductor, food, footwear, adhesives and plastics industries, providing a method for heating for industrial processing. Its operations include developing and licensing industrial technologies based on the gyrotron beam, and marketing a continuous in-line process and equipment for the lamination of architectural flat glass and displays, and encapsulation of solar modules (the Gyrotron Laminating System). The Company has developed gyrotron beam applications in various fields of materials processing, including glass heating, melting, cutting, bending, sealing and tempering; semiconductor fabrication; solar cell processing, and ceramic firing, heating, coating and sealing. It provides Gyrotron technology, which is used to process polymers, wood, ceramics, minerals, fiberglass, composites, organic and other non-metallic materials. GYROTRON TECHNOLOGY, INC. (OTCMKTS:GYTI) Recent Trading Information
GYROTRON TECHNOLOGY, INC. (OTCMKTS:GYTI) closed its last trading session 00.000 at 0.380 with 2,500 shares trading hands.
