IKONICS CORPORATION (NASDAQ:IKNX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

ME Staff 8-k
-
0

IKONICS CORPORATION (NASDAQ:IKNX) 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 Principal Officers; Election of Directors; Appointment of Principal Officers.

On March 2, 2017, the Board of Directors of IKONICS Corporation (the “Company”) appointed Kenneth Hegman to serve as Chief Operating Officer of the Company, effective immediately.

Mr. Hegman joined the Company in February 1999, beginning his employment in sales. From January 2006 to January 2011, Mr. Hegman served as Division Manager of the Company’s IKONICS Imaging, Digital Texturing and AMS businesses. From January 2011 to April 2013, Mr. Hegman served as National Sales Director, leading the Company’s Domestic division. From April 2017 until March 2017, Mr. Hegman was Vice President of Sales: North America where he oversaw the Company’s Domestic and IKONICS Imaging operations, before being promoted to his current position of Chief Operating Officer, in which he now oversees the Company’s International sales in addition to his previous duties. Prior to his tenure at IKONICS, Mr. Hegman served as Sales Manager for Bloomington, Minnesota-based Team Development Group.

None of the Company’s current directors or executive officers has a family relationship with Mr. Hegman.

On March 7, 2017, the Company issued a press release announcing Mr. Hegman’s appointment. A copy of the press release is attached as Exhibit 99 to this Current Report on Form 8-K and is incorporated by reference in this Item 5.02.

Item 9.01.  Financial Statements and Exhibits.

(d) Exhibit.

99 Press Release dated March 7, 2017


About IKONICS CORPORATION (NASDAQ:IKNX)

IKONICS Corporation is engaged in the development and manufacturing of photochemical imaging systems for sale primarily to a range of printers and decorators of surfaces. The Company has five operating segments: Domestic, Export, IKONICS Imaging, Digital Texturing (DTX) and Advanced Material Solutions (AMS). Domestic segment sells screen printing film, emulsions, and inkjet receptive film to distributors located in the United States and Canada. IKONICS Imaging segment sells photo resistant film, art supplies, glass, metal medium and related abrasive etching equipment. AMS segment provides sound deadening technology to the aerospace industry along with products and services for etched composites, ceramics, glass and silicon wafers. DTX segment includes products and customers related to inkjet technology used for mold texturing and prototyping. Export segment sells primarily the same products as Domestic and the IKONICS Imaging products not related to AMS or DTX.

IKONICS CORPORATION (NASDAQ:IKNX) Recent Trading Information

IKONICS CORPORATION (NASDAQ:IKNX) closed its last trading session up +0.40 at 10.50 with 100 shares trading hands.