Crossroads Systems, Inc. (NASDAQ:CRDS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.
Galen Vetter resigned from his position as a member of the Board of Directors (the “Board”) of Crossroads Systems, Inc. (the “Company”) to focus on his other professional obligations, effective June 26, 2017. Mr. Vetter served as the chair of the Company’s audit committee. Mr. Vetter’s resignation was not the result of any disagreement related to any matter involving the Company’s operations, policies or practices.
On June 27, 2017, the Board appointed Hannah M. Bible to serve on the Company’s audit committee and also appointed Robert G. Pearse as the chair of the audit committee.
About Crossroads Systems, Inc. (NASDAQ:CRDS)
Crossroads Systems, Inc. is a provider of data storage solutions. The Company develops technology and products that address information technology challenges, such as storing and protecting business data. Its products are delivered either as software or as software embedded in an appliance. Its products include StrongBox, which is a storage gateway solution that integrates storage tiers and technologies to simplify data management and enables data preservation; StrongBox VM, which is a software version of StrongBox that runs on VMware ESXi servers; StrongBox DataManager, which is a software enhancement to StrongBox that provides file migration from storage systems, such as NetApp, Linux and other servers; StrongBox VSeries Tape Libraries, which are paired with the StrongBox or StrongBox VM to provide customers a data storage solution; SPHiNX, which a virtual tape system that provides data protection, and FileStor HSM, which provides file management for policy-based data migration.