Gaming Partners International Corporation (NASDAQ:GPIC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
On July 30, 2018, Gregory Gronau resigned from Gaming Partners International Corporation (the “Company”) as Chief Executive Officer, President, Director, Secretary, and Treasurer, effective September 21, 2018. Mr. Gronau’s resignation is for personal reasons, and not a result of any disagreement with the Company or its management. The Company and Mr. Gronau also entered in a consulting agreement to which Mr. Gronau will provide part-time consulting services to the Company following his date of departure until December 31, 2018 in exchange for payments of $10,000 per month. A copy of this agreement is attached to this report as Exhibit 10.1 and incorporated herein by reference.
To ensure continuity going forward, Chief Financial Officer and Chairman of the Board Alain M. Thieffry, age 62, will act as the Company’s Chief Executive Officer, President, Secretary, and Treasurer beginning September 21, 2018, until a successor is appointed.
Mr. Thieffry’s biographical information, business experience and other information, are included in the Company’s proxy statement filed with the Securities and Exchange Commission on April 18, 2018, and those descriptions are incorporated herein by reference.
The Company will begin an executive search for a new CEO and no changes in its goals or objectives are planned.
| Item 9.01 | Financial Statements and Exhibits. |
Gaming Partners International CORP ExhibitEX-10.1 2 tv499820_ex10-1.htm EXHIBIT 10.1 Exhibit 10.1 CONSULTING AGREEMENT THIS CONSULTING AGREEMENT (the “Agreement”) is made and entered into as of 31 July 2018 (the “Effective Date”),…To view the full exhibit click here
About Gaming Partners International Corporation (NASDAQ:GPIC)
Gaming Partners International Corporation (GPIC) is a manufacturer and supplier of casino table game equipment. The Company operates in the casino table game products segment. The Company manufactures and supplies casino currency, with various security and design options, playing cards, table layouts, gaming furniture, table accessories, dice and roulette wheels. It also provides various radio frequency identification (RFID) technologies, including low- and high-frequency RFID casino currency, RFID solutions for casino currency (consisting of low- and high-frequency RFID casino currency readers, antennas, casino currency authentication software, casino currency inventory software applications and software maintenance services). Its products and services are used with casino table games, such as blackjack, poker, baccarat, craps and roulette. The Company’s products fall into two categories: non-consumable and consumable.