Koss Corporation (NASDAQ:KOSS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Koss Corporation (NASDAQ:KOSS) 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 Certain Officers.

In a filing on March 10, 2017, Koss Corporation (“Koss”) reported that David D. Smith, the Executive Vice President, Chief Financial Officer, and Secretary of Koss, informed the Company that he planned to retire effective at the end of this fiscal year dated June 30, 2017. Mr. Smith had originally planned to stay through June 30, 2017, to support and assist with the transition of his responsibilities to his successor. Mr. Smith has served as the Company’s Executive Vice President and Chief Financial Officer since January 2010.
The Company has worked out an arrangement with Mr. Smith for Mr. Smith to remain with the Company and continue as the Chief Financial Officer beyond June 30, 2017. Mr. Smith will relinquish his duties as Executive Vice President and Secretary effective June 30, 2017. Elizabeth Uecker, who serves as the Controller of Koss, will take over as Secretary of Koss effective July 1, 2017.

About Koss Corporation (NASDAQ:KOSS)

Koss Corporation is engaged in the design, manufacture and sale of stereo headphones and related accessory products. The Company operates in the audio/video industry segment of the home entertainment industry. It markets a line of headphones, wireless Bluetooth headphones, wireless Bluetooth speakers, computer headsets, telecommunications headsets, active noise canceling headphones, and compact disc recordings of American Symphony Orchestras on the Koss Classics label. It markets products used by consumers to listen to music, digital versatile discs (DVDs) in vehicles, sound bytes on computer systems, and other audio related media. The Company’s products are sold through retailers, distributors, audio specialty stores, the Internet, direct mail catalogs, regional department store chains, discount department stores, grocery stores, electronics retailers, military exchanges and prisons. It has a manufacturing facility in Milwaukee, Wisconsin. Koss U.K. Limited is its subsidiary.

Koss Corporation (NASDAQ:KOSS) Recent Trading Information

Koss Corporation (NASDAQ:KOSS) closed its last trading session up +0.03 at 1.69 with 9,068 shares trading hands.

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