SCI Engineered Materials, Inc. (OTCMKTS:SCIA) 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 February 23, 2017 the Board of Directors (the “Board”) of SCI Engineered Materials, Inc. (the “Company”) elected John P. Gilliam to the Board.
The Board increased its size from five to six members and elected Mr. Gilliam to fill the vacancy.
Mr. Gilliam is currently the CFO and Managing Director of Bluff Point Associates, a private equity firm based in Westport, Connecticut that invests in growth companies in the financial services and healthcare industries. Mr. Gilliam received a B.B.A. degree in accounting from Ohio University and obtained his CPA license in 1978. He joined the national accounting firm of Coopers and Lybrand L.L.P. and became a business assurance partner with the firm in 1988 serving clients primarily in the banking, insurance and investment sectors. Prior to joining Bluff Point in 2009, he served as Senior Vice President of Finance at The BISYS Group, Inc., a diversified publicly-traded financial services company. His responsibilities included controllership, mergers and acquisitions, SEC and management reporting, tax, treasury, and financial systems. Mr. Gilliam’s experience as a senior financial executive has provided him with a substantial background in strategic business planning, organizational restructurings, and financial statement analysis. The various financial experience of Mr. Gilliam is experience that the Board considers valuable.
Mr. Gilliam will serve as a director and stand for re-election at the 2017 annual meeting of shareholders. Mr. Gilliam was also appointed to the Board’s Audit Committee. The Board has determined that Mr. Gilliam satisfies the definition of “independent director” and the requirements for service on the Board’s Audit Committee under the NASDAQ listing standards.
About SCI Engineered Materials, Inc. (OTCMKTS:SCIA)
SCI Engineered Materials, Inc. (SCI), formerly Superconductive Components, Inc., is a supplier and manufacturer of advanced materials for physical vapor deposition (PVD) thin film applications. The Company focuses on specific markets within the PVD industry, such as photonics, thin film solar, glass, thin film battery and transparent electronics. PVD coatings range from everyday items to computer processors. Every day applications include transparent anti-scratch coatings on eyeglasses, coatings on kitchen faucets, as well as low emissivity glass for household windows. The Company manufactures ceramic, metal, and alloy products for the photonic, photovoltaic, thin film battery, media storage, flat panel display, and semiconductor industries. The Company also develops products for the thin film solar (TFS) market. It produces ceramic powders through various processing techniques, including solid state and precipitation. It produces metal sputtering targets and backing plates. SCI Engineered Materials, Inc. (OTCMKTS:SCIA) Recent Trading Information
SCI Engineered Materials, Inc. (OTCMKTS:SCIA) closed its last trading session 00.000 at 0.720 with 150 shares trading hands.