Drone Aviation Holding Corp. (OTCMKTS:MCVE) 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.
(b) President-elect Donald J. Trump has named Lt. Gen. Michael T.
Flynn (Ret.), a member of the Board of Directors and Strategic
Advisory Board of Drone Aviation Holding Corp. (the Company), to
serve as President-elect Trumps National Security Advisor, and
Lt. Gen. Flynn announced he was honored to accept the position.
On December 14, 2016, Lt. Gen. Flynn notified the Company that,
effective as of December 31, 2016, he is resigning from the Board
of Directors of the Company, the Strategic Advisory Board of the
Company, and all committees and subcommittees of the Board of
Directors of the Company and any subsidiaries and affiliates
thereof. Lt. Gen. Flynns resignation is not due to any
disagreement with the Company on any matter related to the
Companys operations, policies, or practices.
About Drone Aviation Holding Corp. (OTCMKTS:MCVE)
Drone Aviation Holding Corp. designs, develops, markets and sells lighter-than air (LTA) advanced aerostats, tethered drones, and land-based intelligence, surveillance and reconnaissance (ISR) solutions. The Company, through its subsidiary, Lighter Than Air Systems Corp., is focused on the development of tethered aerostats known as the Winch Aerostat Small Platform (WASP), as well as certain other tethered drone products, including the WATT electric tethered drone. The tethered aerostat system is designed to provide semi-persistent, mobile, real-time day/night high definition footage for ISR, detection of improvised explosive devices (IEDs), border security and other governmental and civilian uses. The WASP is a mobile, tactical-sized aerostat capable of carrying a range of payloads in support of military operations. Its products are utilized for disaster response missions, by supporting two-way and cellular communications, and act as a repeater or provide wireless networking. Drone Aviation Holding Corp. (OTCMKTS:MCVE) Recent Trading Information
Drone Aviation Holding Corp. (OTCMKTS:MCVE) closed its last trading session at 0.0079 with shares trading hands.
