NEW ULM TELECOM, INC. (OTCMKTS:NULM) 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

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Appointment of Craig Anderson Chief Business Development Officer

Craig Steven Anderson, 48, was appointed New Ulm Telecom, Inc.’s Chief Business Development Officer effective June 13, 2017. Mr. Anderson brings more than 20 years of business development and general management experience to the organization. Prior to joining the Company, he served as Managing Director of Promersberger, a marketing strategy and communications firm serving manufactures and service providers in the agriculture, off-road and industrial equipment markets. From June 2005 to August 2012, Mr. Anderson served in a variety of roles for Ulteig Engineers, Inc., with his last post being Director/Vice President of Business Development. Ulteig Engineers, Inc., based in Fargo, North Dakota, provides engineering and planning services to the energy, communications and civil infrastructure markets nationwide. Mr. Anderson holds a BA in Management from Hamline University in St. Paul, Minnesota, and a Master of Landscape Architecture from the University of Minnesota in Minneapolis, Minnesota.

Compensatory Arrangements of Certain Officers

In connection with his appointment as Chief Business Development Officer, the Company set Mr. Anderson’s salary at $170,000 per year. In addition, Mr. Anderson is eligible for all regular Company employee benefits.

About NEW ULM TELECOM, INC. (OTCMKTS:NULM)

New Ulm Telecom, Inc. (NU Telecom) is a communications company. The Company offers a range of communications products and services. It operates through Telecom Segment. NU Telecom’s principal line of business is the operation of over five local telephone companies or incumbent local exchange carriers (ILEC) and the operation of over two local exchange carriers (CLEC) telephone companies. Its ILEC and CLEC businesses provide local telephone service and network access to other telecommunications carriers for connections to its networks. It also provides long distance service, broadband Internet access, video services, and managed and hosted solutions services. Its businesses provide Internet protocol television (IPTV), cable television services (CATV), Internet access services, including high-speed broadband access, and long distance service. It also installs and maintains communications systems to the areas in and around its service territories in southern Minnesota and northern Iowa.