IEH Corporation (OTCMKTS:IEHC) 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 March 24, 2017, Michael Offerman, Chairman of the Board, President and Chief Executive Officer of IEH Corporation (the “Company”) died suddenly. On March 26, 2017, the Board of Directors of the Company held a special meeting by telephonic conference call and elected David Offerman to replace Michael Offerman as Chairman of the Board, President and Chief Executive Officer of the Company. David Offerman became a director of the Company in 2016 and currently holds the position of Vice President-Sales and Marketing of the Company. David Offerman is the son of Michael Offerman.
About IEH Corporation (OTCMKTS:IEHC)
IEH Corporation designs, develops and manufactures printed circuit connectors for high performance applications. The Company offers circular product line of connectors for the medical industry, which also includes connector cable assemblies. The Company also offers a plastic circular connector line. Its products line features high-density connectors. All of the Company’s connectors utilize its HYPERBOLOID contact design, a contact system for high-stress environments. It produces HYPERBOLOID in the United States. The Company is primarily a manufacturer and its products are basic components of assemblies of finished goods. It sells products directly and through approximately 20 independent sales representatives located in all regions of the United States, Canada, Israel, India, various Pacific Rim countries, South Korea and the European Union (EU). It offers various products under the Military Qualified Product Listing (QPL). IEH Corporation (OTCMKTS:IEHC) Recent Trading Information
IEH Corporation (OTCMKTS:IEHC) closed its last trading session down -0.28 at 6.22 with 200 shares trading hands.