IMATION CORP. (NYSE:IMN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 7, 2017, Nexsan Corporation (“Nexsan”), the partially-owned subsidiary of Imation Corp., and Robert B. Fernander agreed to an intended arrangement to which Mr. Fernander will transition from the role of Nexsan’s Chief Executive Officer to its Chairman Emeritus and a member of its Board of Directors. The transition will become effective pending the finalization of a separation agreement with Mr. Fernander.

About IMATION CORP. (NYSE:IMN)

Imation Corp. is a data storage and data security company. The Company operates in two business segments: Tiered Storage and Security Solutions (TSS), which consists of its commercial storage media and storage and security solutions (i.e. Nexsan and IronKey) businesses, and Consumer Storage and Accessories (CSA), which consists of its consumer storage media and audio and accessories businesses. Its Nexsan segment consists of storage systems portfolio, which ranges from dense storage products to unified storage solutions for small and medium commercial businesses, enterprise and government customers. Its IronKey segment line include the hardware encrypted universal serial bus (USB) drives, personal computer (PC) on a stick workspaces for Microsoft windows to go, and cloud-based or device management solutions. Its Storage Media and Accessories business segment distributes various products through retail and commercial channels across the world.

IMATION CORP. (NYSE:IMN) Recent Trading Information

IMATION CORP. (NYSE:IMN) closed its last trading session down -0.018 at 0.680 with 123,018 shares trading hands.