SOCKET MOBILE, INC. (NASDAQ:SCKT) 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 Principal Officer
On January 17, 2019, James Lopez, Vice President of Sales, Marketing and Developer Programs, voluntarily terminated his employment with the Company effective February 17, 2019 to pursue other opportunities. The terms of his termination are provided under an Executive Employment Agreement between Mr. Lopez and the Company. The form of the Executive Employment Agreement was filed as an exhibit to a Form 8-K filed May 5, 2017 which is incorporated herein by reference. Under his Executive Employment Agreement, Mr. Lopez is entitled to exercise his vested stock options for one year from his effective termination date.
The duties of Mr. Lopez are being temporarily assumed by Kevin Mills, the Company’s President and CEO.
Item 9.01 Financial Statements and Exhibits
About SOCKET MOBILE, INC. (NASDAQ:SCKT)
Socket Mobile, Inc. is a producer of data capture products. The Company’s products are integrated into mobile applications used in mobile point of sale (mPOS), hospitality, asset management, commercial services, healthcare and other mobile business markets. The Company operates through mobile systems solutions for businesses segment. Its cordless barcode scanners connect over Bluetooth and work with applications running on smartphones, mobile computers and tablets using various operating systems. It offers a software developer kit (SDK) to mobile application developers to enable the use of its products with their applications. The Company offers barcode scanning products for both one-dimensional (1D), including imager and laser, and two-dimensional (2D) barcode scanning in standard and durable cases. Its 7 Series barcode scanners are designed for handling as a stand-alone cordless barcode scanner. Its D700 series barcode scanners are used in linear imaging, laser and 2D models.