Cinedigm Corp. (NASDAQ:CIDM) 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 April 3, 2017, Cinedigm Corp. (the Company) entered into a
strategic advisory agreement (the Agreement) with Ronald L. Chez,
to which Mr. Chez resigned from the Companys Board of Directors
and became a strategic advisor to the Company, effective April 3,
2017. There was no disagreement between Mr. Chez and the Company.
The Companys Board of Directors is seeking to identify a
candidate to fill the vacancy caused by Mr. Chezs resignation.
The foregoing description of the Agreement is qualified in its
entirety by reference to such agreement, which is filed herewith
as Exhibit 10.1.
| Item 9.01 | Financial Statements and Exhibits. |
|
Exhibit No. |
Description |
|
| 10.1 |
Strategic Advisor Agreement between Cinedigm Corp. and Ronald L. Chez dated as of April 3, 2017. |
About Cinedigm Corp. (NASDAQ:CIDM)
Cinedigm Corp. is a distributor and aggregator of independent movie, television and other short form content managing a library of distribution rights to a range of titles and episodes released across various platforms. The Company’s segments include the first digital cinema deployment (Phase I Deployment), the second digital cinema deployment (Phase II Deployment), digital cinema services (Services), and media content and entertainment group (Content & Entertainment). The Phase I Deployment and Phase II Deployment segments are the non-recourse, financing vehicles and administrators for its digital cinema equipment (the Systems) installed in movie theatres. The Services segment provides fee-based support to over 12,000 movie screens in its Phase I Deployment and Phase II Deployment segments. Its Content & Entertainment segment is engaged in ancillary market aggregation and distribution of entertainment content, and branded and curated over-the-top (OTT) digital network business. Cinedigm Corp. (NASDAQ:CIDM) Recent Trading Information
Cinedigm Corp. (NASDAQ:CIDM) closed its last trading session 00.00 at 1.40 with 531,099 shares trading hands.
