Point.360 (OTCMKTS:PTSX) 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; COMPENSATION ARRANGEMENTS OF CERTAIN OFFICERS.
Effective February 17, 2017, Alan R. Steel retired as Executive Vice President, Administration, Chief Financial Officer and Secretary of Point.360 (the “Company”). Concurrently, Haig S. Bagerdjian, the Company’s Chairman, President and Chief Executive Officer, assumed the position of Chief Financial Officer. Mr. Steel may continue to provide administrative assistance to the Company as a consultant in the future.
About Point.360 (OTCMKTS:PTSX)
Point.360 is a media management services company. The Company is engaged in providing film, video and audio post-production, archival, duplication and data distribution services to motion picture studios, television networks, independent production companies and multinational companies. The Company operates through two segments: Point.360 and Movie>Q. The Company’s Point.360 segment provides high definition and standard definition digital mastering, data conversion, video and film asset management, distribution and other services to owners, producers and distributors of entertainment and advertising content. The Company’s Movie>Q segment rents and sells digital versatile disks (DVDs) directly to consumers through its retail stores. The Company provides the services necessary to edit, master, reformat and archive its clients’ audio, video, and film content, which include television programming, feature films and movie trailers. Point.360 (OTCMKTS:PTSX) Recent Trading Information
Point.360 (OTCMKTS:PTSX) closed its last trading session 00.000 at 0.310 with shares trading hands.