Qumu Corporation (NASDAQ:QUMU) Files An 8-K Results of Operations and Financial ConditionITEM 2.02RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
Qumu Corporation (the “Company”) hereby furnishes as Exhibit 99.1 a press release issued on October 31, 2017 disclosing material non-public information regarding its results of operations for the quarter ended September30, 2017 and hereby furnishes as Exhibit 99.2 statements of Vern Hanzlik, its President and Chief Executive Officer, made on November 1, 2017 at a telephone conference relating to the quarter ended September30, 2017 results.
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ITEM 5.02 |
DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS. |
On October 26, 2017, David Ristow was appointed as the Company’s Interim Chief Financial Officer effective November 7, 2017.
Mr. Ristow, age 47, will serve as interim Chief Financial Officer until the Company completes its search for a new Chief Financial Officer. From April 2017 until the Company’s engagement, Mr. Ristow acted as Chief Financial Officer of Ascent Solutions, a consulting company delivering cybersecurity, cloud, IT strategy, and infrastructure enablement services. From July 2016 to April 2017, Mr. Ristow acted as Chief Financial Officer for eGrowcery, an international e-commerce software business. From January 2016 to June 2016, Mr. Ristow acted as the Chief Financial Officer of Noribachi, a manufacturer of high output commercial lighting solutions operating on an Internet Of Things platform. From 2012 to 2016, Mr. Ristow acted as Chief Financial Officer of portfolio companies and Director of Investments for Eurovestech Plc. From 2007 to 2012, Mr. Ristow acted as Chief Financial Officer of KSS Retail, an international software business providing price optimization solutions to retailers throughout the world, which was sold in January 2010. Mr. Ristow has a B.S. in Accounting from the University of Southern California and began his finance career with Deloitte. Mr. Ristow is an actively licensed Certified Public Accountant, member of the CGMA and veteran of the USMC.
On October 26, 2017, the Company entered into statement of work under a client services agreement with Salo, LLC for the provision of Mr. Ristow’s services as the Company’s Interim Chief Financial Officer. to statement of work, the Company will pay Salo $245 per hour for Mr. Ristow’s services to the Company. The statement of work is terminable by either party upon 30 days’ advance written notice.
Other than as described above, Mr. Ristow has no direct or indirect material interest in any transaction required to be disclosed to Item 404(a) of Regulation S-K promulgated under the Securities Exchange Act of 1934, as amended, nor are any transactions currently proposed.
ITEM 9.01FINANCIAL STATEMENTS AND EXHIBITS.
Qumu Corp ExhibitEX-99.1 2 q32017ex991.htm PRESS RELEASE ISSUED OCTOBER 31,…To view the full exhibit click here
About Qumu Corporation (NASDAQ:QUMU)
Qumu Corporation (Qumu) is an enterprise video content management software company. The Company is engaged in providing tools businesses need to create, manage, secure, deliver and measure their videos. The Company operates through the enterprise video content management software business segment. Its video content management software solutions allow organizations to create, capture, organize and deliver content across the extended enterprise to a range of end points, including mobile devices and thick or thin clients. Qumu’s video platform supports both live and on-demand streaming. The Qumu platform is a video content management software solution that can be deployed as a perpetual software license, a term software license or a cloud-hosted software as a service (SaaS). Qumu Capture Studio is a portable software-enabled device that records, edits and publishes video and presentation content.