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

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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.

On March 6, 2017, David D. Smith, the Executive Vice President and Chief Financial Officer of Koss Corporation (“Koss”), informed the Company that he plans to retire effective at the end of this fiscal year dated June 30, 2017. The plan is for Mr. Smith to continue to be employed by Koss in his current role 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 is currently in the process of succession planning to succeed Mr. Smith as the Chief Financial Officer.

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 00.00 at 2.23 with 1,005 shares trading hands.