CreditRiskMonitor.com, Inc. (OTCMKTS:CRMZ) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

(b) Richard James, who has served on the Company’s Board of Directors since 1992, has notified the Company that he is retiring due to health reasons effective October 24, 2019.

(c) On October 24, 2019, the Company’s Board of Directors appointed Michael Flum, age 32, to serve as Senior Vice President and Chief Operating Officer effective immediately. Mr. Flum has served as the Company’s Vice President, Operations & Alternative Data since August 3, 2018.

Prior to joining the Company in 2018, Mr. Flum was Vice President of Operations at Gullett & Associates, Inc., a Houston-based oil & gas survey and drafting services firm, since January 2016. From 2009 to 2016, Mr. Flum was employed by Enterprise Products Partners L.P., a Houston-based oil & gas midstream owner/operator, holding various engineering and project management positions. During his time as a Project Manager there, he successfully completed pipeline and plant projects totaling over $1.3 billion. Mr. Flum received a BS in Mechanical Engineering and a BA in Religious Studies from Rice University. He received his MBA from Columbia Business School.

Mr. Flum is the son of Jerome S. Flum, the Company’s Chief Executive Officer and Chairman of the Board of Directors, and the brother of Joshua Flum, a director of the Company.

On October 24, 2019, the Board of Directors of CreditRiskMonitor.com, Inc. declared a dividend of $0.05 per outstanding share of its common stock, payable on December 2, 2019 to shareholders of record of the Company at the close of business on November 14, 2019.

(d) Exhibits

CREDITRISKMONITOR COM INC Exhibit
EX-99.1 2 ex99_1.htm EXHIBIT 99.1 Exhibit 99.1 NEWS RELEASE   CONTACT: CreditRiskMonitor.com,…
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About CreditRiskMonitor.com, Inc. (OTCMKTS:CRMZ)

CreditRiskMonitor.com, Inc. (CRMZ) provides an interactive business-to-business Internet-based service for corporate credit professionals. The Company focuses on services facilitating the analysis of corporate financial risk, in the context of the extension of trade credit from one business to another; the management by businesses of relationships with suppliers, and/or the management by businesses of counter-party (such as buying and selling) relationships. CRMZ is a Web-based publisher of financial information, that helps corporate credit and procurement professionals manage financial risk. It publishes commercial credit reports covering public companies across the world. In addition, it is a re-distributor of international credit reports in the United States. Its service uses e-mail to push selected information to subscribers. These e-mails include continuously filtered news monitoring that keeps subscribers up to date on events.