VerifyMe, Inc. (OTCMKTS:VRME) 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 Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers
On March 21, 2019, VerifyMe, Inc. (the “Company”) authorized a grant of 240,000 shares of restricted common stock (the “Shares”) to each of Messrs. Howard Goldberg, Marshall Geller and Eugene Robin, the Company’s directors. The Shares vest quarterly over a one-year period from March 15, 2019, subject to the continued service as a director of the Company on each applicable vesting date.
On March 23, 2019, the Company appointed Mr. Arthur Laffer to the Company’s Board of Directors and granted 240,000 shares of restricted stock which shall vest over a one year period in equal quarterly increments from March 15, 2019, subject to continued service as a director of the Company on each applicable vesting date.
About VerifyMe, Inc. (OTCMKTS:VRME)
VerifyMe, Inc., formerly LaserLock Technologies, Inc., operates in the anti-counterfeiting industry. The Company offers security solutions for identification and authentication of people, products and packaging in a range of applications in the security field for both digital and physical transactions. Its products are used to manage and issue secure credentials, including national identifications, passports, driver licenses and access control credentials, as well as authentication security software to secure physical and logical access to facilities, computer networks, Internet sites and mobile applications. Its digital technologies involve the utilization of multiple authentication mechanisms, some of which it owns and some of which it license. These mechanisms include biometric factors, knowledge factors, possession factors and location factors. The Company’s solutions allow the assessment and quantification of risk using a scoring mechanism.