AKERS BIOSCIENCES, INC. (NASDAQ:AKER) 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 November 1, 2019, the Board appointed Robert C. Schroeder to serve as a member of the Board and a member of the Company’s Audit Committee. Mr. Schroeder will serve as a director of the Company until he is up for election at the 2019 annual meeting of stockholders.
There is no arrangement or understanding between Mr. Schroeder and any other persons to Mr. Schroeder appointment as director, and there are no related party transactions involving Mr. Schroeder that are reportable under Item 404(a) of Regulation S-K. There are no material plans, contracts or arrangements to which Mr. Schroeder is a party to or in which they participate nor have there been any material amendment to any plan, contract or arrangement by virtue of Mr. Schroeder’s appointment.
The following is certain biographical information regarding Mr. Schroeder:
Robert C. Schroeder, 53, was appointed to the Board on November 1, 2019. Mr. Schroeder is currently the Vice President of Investment Banking at Taglich Brothers, a brokerage firm, and specializes in advisory services and capital raising for small public and private companies. Prior to his time at Taglich Brothers, Mr. Schroeder served as a Senior Equity Analyst publishing sell-side research on publicly traded companies and served in various other positions in the brokerage and public accounting industry. Mr. Schroeder currently serves on the board of directors of publicly traded Intellinetics, Inc., a document solutions software development, sales and marketing company, Air Industries Group (NYSE:AIRI), a manufacturer of aerospace parts and assemblies, and Decisionpoint Systems, Inc., a leading provider and integrator of Enterprise Mobility, Wireless Applications and RFID solutions. Mr. Schroeder received a B.S. degree in accounting and economics from New York University. The Board believes Mr. Schroeder is well qualified to serve on the Board due to his leadership skills, capital markets expertise, and extensive experience as a director of the board for other public companies.