Sphere 3D Corp. (NASDAQ:ANY) Files An 8-K Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of ListingItem 3.01Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard Transfer of Listing.
On November 14, 2018, the Board of Directors of the Company (the “Board”) appointed Peter Tassiopoulos to serve as the Company’s Chief Executive Officer and Principal Executive Officer. The appointment decision was made in connection with the Company’s completion of the sale of Overland Storage, Inc., as previously announced on the Current Report on Form 8-K filed on November 14, 2018. As a result of such appointment, Eric Kelly ceased to serve as the Company’s Chief Executive Officer and no longer holds any positions with the Company.
Mr. Tassiopoulos, age 49, is a current member of the Board and served as President of the Company since December 1, 2014. Mr. Tassiopoulos served as the Chief Executive Officer of the Company from March 2013 until December 1, 2014. Mr. Tassiopoulos has extensive experience in information technology business development and global sales as well as a successful track record leading early-stage technology companies. He has been actively involved as a business consultant over the past 10 years, including acting as Chief Operating Officer and then Chief Executive Officer of BioSign Technologies Inc. from September 2009 to April 2011 and Chief Executive Officer of IgeaCare Systems Inc. from February 2003 to December 2008.
Also on November 14, 2018, the Board appointed Joseph O’Daniel as President of the Company, to succeed Mr. Tassiopoulos in such position. Since January 2017, Mr. O’Daniel, age 48, has served as a Vice President and President of Virtualization and Professional Services for the Company. He previously served as president and chief executive officer of Unified ConneXions, Inc. from 2001, and as founder of HVE ConneXions, LLC from April, 2013, until their acquisitions by the Company in January 2017. Mr. O’Daniel has over 20 years of experience in the virtualization and technology industry and has extensive experience in executive leadership positions.
3
There is no arrangement or understanding between any of Messrs. Tassiopoulos or O’Daniel and any other person to which Messrs. Tassiopoulos or O’Daniel were appointed as an executive officer of the Company. There are no family relationships between any of Messrs. Tassiopoulos or O’Daniel and any director or executive officer of the Company, and Messrs. Tassiopoulos or O’Daniel have no direct or indirect material interest in any transaction required to be disclosed to Item 404(a) of Regulation S-K.
4