Imaging3, Inc. (OTCMKTS:IGNG) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Appointment of Certain Officers .
On December 19, 2017 the Company appointed John B. Hollister to serve as the Company’s Chief Executive Officer and Chairman of the Board of Directors of the Company. Mr. Hollister shall serve at will and the contract may be terminated by the Company or Mr. Hollister without notice. Until his appointment, Mr. Hollister served as CEO of NuLife Sciences, Inc. since October 17, 2016. From July 2014 to August 24, 2015 Mr. Hollister served as CEO of NEMUS Bioscience, Inc. From June 2011 to July 2013 Mr. Hollister served as Senior Vice President of Tethys Bioscience, Inc.
Mr. Hollister’s agreement calls for him to be paid an initial Salary of $ 17,500.00 per month rising to $26,500.00 per month if he achieves certain goals, and an annual bonus of up to $200,000.00 and certain Special Bonuses at the discretion of the Company’s board of directors. A copy of the Agreement between the Company and Mr. Hollister is attached hereto as Exhibit 1.
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