NORTECH SYSTEMS INCORPORATED (NASDAQ:NSYS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b)Effective October5, 2018, Mohammed “Matt” Mahmood resigned as the Company’s Chief Operating Officer. Mr.Mahmood’s resignation as Chief Operating Officer was not the result of any disagreement between Nortech Systems and him on any matter relating to Nortech’s operations, policies or practices.
On October10, 2018, Nortech entered into a Separation Agreement and General Release (the “Separation Agreement”) with Matt Mahmood, in which Nortech and Mr.Mahmood mutually agreed that Mr.Mahmood resigned as Nortech’s Chief Operating Officer effective October5, 2018 (the “Separation Date”).
Item 9.01 Financial Statements and Exhibits
NORTECH SYSTEMS INC ExhibitEX-10.1 2 a18-36588_1ex10d1.htm EX-10.1 Exhibit 10.1 SEPARATION AND RELEASE OF CLAIMS AGREEMENT This Separation and Release of Claims Agreement (Agreement) is entered into by and between Nortech Systems Incorporated,…To view the full exhibit click here
About NORTECH SYSTEMS INCORPORATED (NASDAQ:NSYS)
Nortech Systems Incorporated is an electronic manufacturing services (EMS) company. The Company offers a range of value-added engineering, technical and manufacturing services and support, including project management, design, testing, prototyping, manufacturing, supply chain management and post-market services. The Company’s segment is Contract Manufacturing. The Company’s manufacturing and engineering services include medical devices, printed circuit board assemblies, wire and cable assemblies, and electromechanical assemblies. The Company’s manufacturing facilities are located at Bemidji, Blue Earth, Merrifield, Eden Prairie, Milaca and Mankato in Minnesota; Augusta in Wisconsin; Monterrey in Mexico, and Suzhou in China. The Company serves approximately three markets within the EMS industry, such as Aerospace and Defense, Medical/Life Sciences and the Industrial market, which includes industrial equipment, transportation, vision, agriculture, oil and gas.