MODSYS INTERNATIONAL LTD. (NASDAQ:MDSY) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

MODSYS INTERNATIONAL LTD. (NASDAQ:MDSY) 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; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.

On February 28, 2017, Matthew Dunham notified ModSys International Ltd. (the “Company”) of his resignation from the board of directors of the Company (the “Board”), effective on February 28, 2017. Mr. Dunham did not resign due to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

 


About MODSYS INTERNATIONAL LTD. (NASDAQ:MDSY)

ModSys International Ltd., formerly BluePhoenix Solutions Ltd., develops and markets enterprise legacy migration solutions, and provides tools and professional services to international markets. The Company operates through information technology (IT) modernization solutions segment. The Company’s technologies and services allow businesses to migrate from their legacy mainframe and distributed IT infrastructures to modern environments and programming languages. In addition to the technology tools, the Company provides professional services for project management of migrations, understanding and mapping of the applications, testing, remediation, and ongoing monitoring and management of the environments. The Company performs conversions of legacy databases, such as Integrated Database Management System (IDMS), Adaptable Data Base System (ADABAS), Virtual Storage Access Method (VSAM), Oracle and database 2 (DB2) environments.

MODSYS INTERNATIONAL LTD. (NASDAQ:MDSY) Recent Trading Information

MODSYS INTERNATIONAL LTD. (NASDAQ:MDSY) closed its last trading session down -0.058 at 0.842 with 25,918 shares trading hands.

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