hopTo Inc. (OTCMKTS:HPTO) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
(b) and (c)
On August 2, 2017, Sam M. Auriemma, Ashfaq Munshi, and Jeremy Verba, each a director of hopTo Inc. (the “Company”), resigned from the Board of Directors of the Company effective immediately. The resignations were not because of a disagreement with the Company, known to an executive officer of the Company, on any matter relating to the Company’s operations, policies or practices. The Company thanks them for their service.
The Company’s reduced operations do not, in the Company’s judgment, require a six member Board of Directors. The remaining directors on the Company’s board are John Cronin, Mike Brochu and Eldad Eilam.
On August 4, 2017, the Board elected Mr. Cronin to be the Chairman of the Board effective immediately.
Also on August 4, 2017, the Company’s interim Chief Executive Officer and Chief Financial Officer, Jean-Louis Casabonne, who had previously notified the Company of his resignation effective August 14, 2017, has agreed with the Company to remain in his current office, based on a significantly reduced time commitment, on a month to month basis, at his current compensation rate under his existing employment agreement, but pro-rated for the reduction in his time commitment to the Company.
About hopTo Inc. (OTCMKTS:HPTO)
hopTo Inc. is a developer of software productivity products for mobile devices, such as tablets and smartphones, and application publishing software solutions. The Company’s product line, which is called hopTo, is marketed to small and medium sized businesses, and enterprise level customers under the name hopTo Work, which is its primary focus in the hopTo product line. hopTo provides mobile end-users with a productivity workspace for their mobile devices that allows them to manage, share, view and edit their documents, regardless of where they are stored. The hopTo Work builds upon the hopTo consumer product, bringing its core mobile productivity features to small- to medium-sized business (SMB)/Enterprise users, with additional security and manageability functions. The Company’s GO-Global product offerings can be categorized into various product families, such as GO-Global for Windows, GO-Global for UNIX and GO-Global Client.