BLOW 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 May 10, 2017, Abraham Summers informed our Chief Executive
Officer that he would no longer be performing his job
responsibilities as our Chief Financial Officer. We are not aware
of any disagreements Mr. Summers had with us required to be
disclosed under this Item. We will provide Mr. Summers with a
copy of this disclosure in Item 5.02, and provide Mr. Summers
with the opportunity to furnish us as promptly as possible with a
letter addressed to us stating whether he agrees with the
statements made by us in response to this Item 5.02 and, if not,
stating the respects in which he does not agree. In the event Mr.
Summers supplies us with such a letter we will, if required, file
such letter as an exhibit to an amended Form 8-K.
On May 18, 2017, our Board of Directors appointed Laurence
Wainer, our current Chief Executive Officer, to the position of
Interim Chief Financial Officer (our Principal Accounting
Officer). Mr. Wainer will serve in this capacity until a
replacement Chief Financial Officer can be hired.
Laurence Wainer serves as our sole director and
our President, Chief Executive Officer, Secretary, and interim
Chief Financial Officer. Mr. Wainer has built his career as an
entrepreneur in Southern California beginning with a vending
business which he started while attending San Diego State
University. From 2009 to 2011 Mr. Wainer built a tax resolution
company, Authorized Tax Relief, located in Los Angeles,
California. From 2011 to September 2013, Mr. Wainer was employed
as a consultant for LWIN Consulting. Mr. Wainer founded Blow
Drive Interlock Corporation in 2014 as a result of his commitment
to help create safer roads for sober drivers, having been
personally affected by drunk drivers.
Mr. Wainer was not granted any additional securities or
compensation in connection with his appointment as our interim
Chief Financial Officer.
About BLOW & DRIVE INTERLOCK CORPORATION (OTCMKTS:BDIC)
Blow & Drive Interlock Corporation manufactures, markets, leases, installs and monitors a Breath Alcohol Ignition Interlock Device (BAIID). The Company has developed BDI-747 Ignition Interlock Device (the BDI-747/1), which is a mechanism that is installed on the steering column of an automobile and into which a driver exhales prior to starting their vehicle. The device in turn provides a blood-alcohol concentration analysis. If the driver’s blood-alcohol content is higher than a certain pre-programmed limit, the device prevents the ignition from engaging and the automobile from starting. These devices are required for use by driving under the influence or driving while intoxicated offenders as part of a mandatory court or motor vehicle department program. The market for the BDI-747/1 Ignition Interlock Device is as a breathalyzer device to be used by persons convicted of a driving under the influence of alcohol. BDI-747/1 is manufactured by its subsidiary, BDI Manufacturing, Inc. BLOW & DRIVE INTERLOCK CORPORATION (OTCMKTS:BDIC) Recent Trading Information
BLOW & DRIVE INTERLOCK CORPORATION (OTCMKTS:BDIC) closed its last trading session 00.000 at 0.311 with 7,038 shares trading hands.