WIDEPOINT CORPORATION (NYSEMKT:WYY) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.
Effective July 1, 2017, the Board of Directors of WidePoint Corporation (the “Company”) elected Jin Kang as the Company’s new Chief Executive Officer and expanded Jason Holloway’s Executive Vice President and Chief Sales and Marketing position to include the title of Chief Executive Officer and President of the Company’s wholly-owned subsidiary WidePoint Cybersecurity Solutions Corporation in connection with a restructuring of the Company’s management team. In connection with Mr. Kang’s appointment as the Company’s Chief Executive Officer, Mr. Kang was appointed as a Class I Director of the Company to fill an existing vacancy on the Board.
Prior to his appointment as Chief Executive Officer, Mr. Kang, age 53, has served as Executive Vice President and Chief Operations Officer of the Company since June 30, 2012. Mr. Kang has also served as the Chief Executive Officer and President of WidePoint Integrated Solutions Corp., a wholly-owned subsidiary of the Company, since its acquisition on January 4, 2008. Mr. Kang founded iSYS, LLC (now WidePoint Integrated Solutions Corp.) in 1999 and has been its president since its inception. Mr. Kang has years of professional experience in the Federal Government Information Technology Services field. Prior to founding WidePoint Integrated Solutions Corp., Mr. Kang was a Division Manager for Science Applications International Corporation (SAIC). Mr. Kang received a Bachelor and Master’s Degrees in Computer Science and Computer Systems Management from the University of Maryland. There are no family relationships between Mr. Kang and any director, executive officer or person nominated or chosen by the Company to become a director or executive officer. Additionally, there have been no transactions involving Mr. Kang that would require disclosure under Item 404(a) of Regulation S-K. Information regarding Mr. Kang’s compensation arrangement with the Company is described in the Company’s proxy statement filed with the Securities and Exchange Commission on November 1, 2016 and is incorporated herein by reference.
Prior to his expanded operational duties as the Chief Executive Officer and President of WidePoint’s wholly-owned subsidiary, WidePoint Cybersecurity Solutions Corporation, Mr. Holloway, age 49, served as the Company’s Executive Vice President and Chief Sales and Marketing Officer since May 2016. Mr. Holloway has been in the IT industry for many years and has held senior executive positions in multiple IT organizations, with a focus on business development, sales and marketing, technology development, and management. From 2013 to 2016 Mr. Holloway worked in the Healthcare Industry where he bought, owned, and sold a number of healthcare practices and properties. Prior to 2013, Mr. Holloway co-founded Nexcentri, an IT provider to the healthcare and finance industries, in 2001 and served as president and CEO until 2013. During his tenure at Nexcentri, Mr. Holloway grew revenue and assets to over $500 million. Prior to Nexcentri, he was president and CEO of Networked Knowledge Systems (NKS), a global Linux security managed services company where he increased annual revenue more than 800% in five years, servicing clients such as IBM and PwC, making NKS an Open Source Managed Security industry leader. Mr. Holloway holds a Master’s degree in Computer Science and a Bachelor’s degree in both Computer Science and Mathematics from Columbia Pacific University, which he attained while honorably serving with the United States Air Force. He is also a certified ISO and IEEE Internal Auditor, Certified Quality Administrator (CQA), and a certified Total Quality Management (TQM) facilitator. There are no family relationships between Mr. Holloway and any director, executive officer or person nominated or chosen by the Company to become a director or executive officer. Additionally, there have been no transactions involving Mr. Holloway that would require disclosure under Item 404(a) of Regulation S-K.
A copy of the Company’s press release regarding these events is filed as Exhibit 99.1 and is incorporated herein by reference.
| Item 9.01(d) | Financial Statements and Exhibits. |
| Exhibit 99.1 | Press Release |
WIDEPOINT CORP ExhibitEX-99.1 2 v470245_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 For More Information: Brett Maas or David Fore Hayden IR (646) 536-7331 brett@haydenir.com WidePoint Corporation Names Jin Kang as CEO and President Expands EVP Jason Holloway’s duties to include CEO & President of WidePoint Cybersecurity Solutions Subsidiary McLean,…To view the full exhibit click here
About WIDEPOINT CORPORATION (NYSEMKT:WYY)
WidePoint Corporation is a provider of information technology (IT)-based products, services and solutions. The Company offers secure, cloud-based, enterprise-wide IT-based solutions that enable commercial markets, and federal and state government organizations, to deploy fully compliant IT services in accordance with government-mandated regulations and advanced system requirements. The Company offers telecom management services, which include life cycle management of fixed and mobile assets; mobile security management services, which include life cycle fixed and mobile device access and application control management; identity management services, which include life cycle fixed and mobile, including cloud-based services authentication and information assurance services, and identity services, which include fixed and mobile digital certificates required for secure access to a customer’s technology infrastructure. WIDEPOINT CORPORATION (NYSEMKT:WYY) Recent Trading Information
WIDEPOINT CORPORATION (NYSEMKT:WYY) closed its last trading session down -0.010 at 0.450 with 9,591 shares trading hands.