QAD Inc. (NASDAQ:QADA) 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.
On August 15, 2018, the Board of Directors of QAD (the “Company”) granted Karl Lopker, CEO, an indefinite medical leave of absence. Mr. Lopker will remain a member of the Board of Directors. Pam Lopker, President, will assume Mr. Lopker’s management responsibilities during his leave of absence.
To assist Ms. Lopker in her added responsibilities, the Board of Directors has created an interim Office of the Chief Operating Officer that will be jointly filled by Anton Chilton, Chief, Global Field Operations, and Daniel Lender, Chief Financial Officer, which will report to Ms. Lopker.
Ms. Lopker stepped down as Chairman of the Board for the period of Mr. Lopker’s leave of absence and the Board of Directors named Peter R. van Cuylenburg to serve as Chairman of the Board during this period.
Neither Ms. Lopker nor Messrs. Chilton, Lender or van Cuylenburg will receive additional compensation in connection with the assumption and discharge of their additional responsibilities as set forth above during the period of Mr. Lopker’s leave of absence.
About QAD Inc. (NASDAQ:QADA)
QAD Inc. (QAD) is a provider of vertically oriented enterprise software solutions for global manufacturing companies across the automotive, life sciences, consumer products, food and beverage, high technology and industrial products industries. QAD Enterprise Applications enables measurement and control of business processes and supports operational requirements, including financials, manufacturing, demand and supply chain planning, customer management, business intelligence and business process management. QAD delivers components of its solution for a range of mobile platforms. The Company’s mobile suite includes a requisition approval solution, a mobile business intelligence solution, mobile browse capability and mobile application monitoring tools to support system administrators. Its mobile browse capability allows users to view, filter and sort data accessible through QAD Browses within QAD Enterprise Applications using mobile devices.