Inrad Optics, Inc. (OTCMKTS:INRD) 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 October 1, 2018, William J. Foote who has served as the Chief Financial Officer, Chief Accounting Officer, Secretary and Treasurer of Inrad Optics, Inc. (the “Company”), was appointed as Executive Vice President of the Company. He will continue to serve as Chief Accounting Officer. Also on October 1, 2018, Elias Kabous, age 62, who has served as the Company’s Controller since joining the Company on June 12, 2017 was appointed as Interim Chief Financial Officer, Secretary and Treasurer of the Company, replacing Mr. Foote in those positions. Prior to joining Inrad Optics, Inc., Mr. Kabous worked with Cine Magnetics Inc., a provider of In-air entertainment to the airline industry, from March 2009 until June 2017. Mr. Kabous is a CPA and received a Bachelor of Science in Accounting from Aleppo University in Syria.
It is anticipated that Mr. Foote will retire from the Company in early 2019 but will continue to serve as a Director of the Company. The appointment of Mr. Kabous is part of that transition process.
About Inrad Optics, Inc. (OTCMKTS:INRD)
Inrad Optics, Inc. develops, manufactures and markets products and services for use in photonics industry sectors. The Company is a vertically integrated manufacturer focusing on crystal-based optical components and devices, custom optical components from both glass and metal, and precision optical and opto-mechanical assemblies. The Company’s product categories include Optical Components and Laser System Devices/Instrumentation. The Optical Components category is focused on optics manufacturing. The Company offers precision components. It develops, manufactures and delivers precision custom optics and thin film optical coating services through its Custom Optics and Metal Optics operations. The Laser Devices/Instrumentation category includes the growth and fabrication of crystalline materials with electro-optic (EO) and non-linear optical properties for use in both standard and custom products. The category also includes crystal-based devices and associated instrumentation.