Numerex Corp (NASDAQ:NMRX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Numerex Corp (NASDAQ:NMRX) 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 Arrangements of Certain Officers.

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(b) Sri Ramachandran, Chief Technology Officer, separated from Numerex Corp. (the “Company”) as of March 20, 2017. Mr. Ramachandran will receive the severance and benefits provided under his Severance and Change in Control Agreement for termination without “Cause,” as defined therein, subject to the execution and non-revocation of a separation agreement and release.

 

About Numerex Corp (NASDAQ:NMRX)

Numerex Corp. is a holding company. The Company, through its subsidiaries, provides managed enterprise solutions, which enable the Internet of Things (IoT). The Company offers solutions to incorporate the IoT building blocks, such as device, network, application and platform. Its technology encompasses a range of the IoT ecosystem and delivers solutions for enterprise users. It provides various enabling value-added services through the go-to-market process for its customers by simplifying the IoT implementation through its cloud-based and horizontal IoT platform. The Company offers its network services through cellular, satellite, broadband and wireline networks worldwide to transmit data. It offers Numerex platform, which combines IoT service enablement features with application framework to deploy solutions. The Company’s cellular networks include national and regional carriers, and consist of second generation (2G), third generation (3G) and fourth generation (4G) technologies.

Numerex Corp (NASDAQ:NMRX) Recent Trading Information

Numerex Corp (NASDAQ:NMRX) closed its last trading session down -0.06 at 4.53 with 63,046 shares trading hands.

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