REPRO MED SYSTEMS, INC. (OTCMKTS:REPR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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REPRO MED SYSTEMS, INC. (OTCMKTS:REPR) 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.

Appointment of Executive Officer

Dr. Fred Ma, the Chief Medical Officer of Repro Med Systems, Inc.
dba RMS Medical Products (RMS), became a principal executive
officer of RMS on May 3, 2017. Dr. Ma has served as an employee
of the Company since November 1, 2016, and as a consultant since
July 2015.

Dr. Ma has over 30 years of broad experience based on his
neurosurgical practice, with significant emphasis in
pharmaceuticals and medical device industries. Prior to joining
RMS, Dr. Ma was President and Managing Director of Medical
Quality International, LLC, a pharmaceutical and medical device
development consulting firm, from July 2014 to January 2016. From
June 2011 to July 2014, Dr. Ma was the Chief Medical Officer and
Board of Director at Innovacyn, Inc. a pharmaceutical company.
Dr. Ma has a successful track record in all phases of product
research and development culminating in final approvals,
clearances, and commercialization. He is prominent within
regulatory agencies and a multitude of professional
organizations. Dr. Ma has directly designed and supervised
numerous product developments, 600 clinical trials, and has
obtained many regulatory approvals and clearances in the United
States and worldwide. Dr. Ma earned his M.D. degree from Capital
University of Medical Sciences, Beijing, D.M.Sc. (Doctorate of
Medical Sciences (equivalent to combined M.D. and Ph.D. degrees)
from University of Tokyo, Japan, and a Ph.D. from Rutgers
University.

Compensatory Arrangements

On November 1, 2016 (the Effective Date), RMS and Dr. Ma entered
into an employment agreement for an initial term expiring one
year from the Effective Date, unless and until terminated as
otherwise provided in the Agreement. The following summary of the
employment agreement does not purport to be complete and is
subject to and qualified in its entirety by the terms of the
employment agreement.

The material terms of the agreement are as follows:

Dr. Mas annual base salary is $300,000 and includes
quarterly equity compensation in the form of shares of
common stock of the Company. The stock will be awarded on
the day following the last working day of each quarter. The
number of shares issued each quarter shall be determined by
dividing $15,000 by the closing bid price of the Companys
common stock as reported by the OTC Markets Inc. as of the
last working day such quarter. The quarterly equity
compensation set forth will cease October 31, 2017, and the
parties will negotiate any replacement compensation in good
faith.

Dr. Ma will be eligible to earn an annual bonus in
accordance with Company policy and procedure for granting
of bonuses to management and executives as may exist from
time to time.

During the first six months of employment Dr. Ma will also
receive up to $1,000 per month to cover the cost of
temporary housing and in the case he relocates to within
commuting distance of the Company during the twelve (12)
month period ending October 31, 2017, up to $50,000 to
cover costs attributable to such relocation.

If Dr. Mas employment is terminated by the Company other
than for cause, Dr. Ma shall be entitled to receive an
amount equal to (i) if the termination date is less than
twelve (12) months after the effective date, his Base
Salary as in effect as of the termination date, paid over
time as if he were employed until the date that is twelve
(12) months after the effective date; (ii) if the
termination date is at least twelve (12) months after the
effective date, six (6) months of the cash portion (but not
the stock portion) of his base salary in effect as of the
termination date, or (iii) if the termination date is at
least twenty-four (24) months after the effective date,
twelve (12) months of the cash portion (but not the stock
portion) of his base salary in effect as of the termination
date.


About REPRO MED SYSTEMS, INC. (OTCMKTS:REPR)

REPRO MED SYSTEMS, INC. (RMS) designs, manufactures and markets medical devices for the ambulatory infusion market and emergency medical applications. The Company’s products include FREEDOM60 Syringe Infusion System (FREEDOM60), RMS HIGH-Flo Subcutaneous Safety Needle Sets (HIgH-Flo), RES-Q-VAC Portable Medical Suction System (RES-Q-VAC) and On-Line Calculator. The FREEDOM60 consists of the FREEDOM60 Syringe Infusion Pump and RMS Precision Flow Rate Tubing. The HIgH-Flo is designed for self-administration of medicine under the skin. The RES-Q-VAC is a hand-operated suction device that removes fluids from a patient’s airway by attaching the RES-Q-VAC pump to various sterile and non-sterile single-use catheters sized for adult and pediatric suctioning. The On-Line Calculator is a tool to help determine which of the Company’s Precision Flow Rate Tubing and RMS HIgH-Flo Subcutaneous Needle Sets are to be used based on the medication being administered and time of infusion.

REPRO MED SYSTEMS, INC. (OTCMKTS:REPR) Recent Trading Information

REPRO MED SYSTEMS, INC. (OTCMKTS:REPR) closed its last trading session 00.000 at 0.435 with 1,300 shares trading hands.