|
Quotes & Info
|
| CBMC.OB > SEC Filings for CBMC.OB > Form 8-K on 25-Nov-2008 | All Recent SEC Filings |
25-Nov-2008
Change in Directors or Principal Officers, Other Events
(b) On November 19, 2008, the Registrant (the "Company") received a letter from Maxim A. Soulimov, dated November 19, 2008, resigning from his position as a member of the Company's board of directors. Mr. Soulimov was nominated to the board of directors in April 2004 by Marr Technologies BV, the company's largest stockholder, pursuant to a financing arrangement between the Company and Marr Technologies BV in July 2003. Mr. Soulimov's letter does not indicate that his resignation was caused, in whole or in part, by any disagreement with the Company's operations, policies or practices.
On November 14, 2008, the Company's board of directors authorized a reduction in the Company's workforce in light of the Company's financial situation. Certain senior managers and employees have been retained, some on a reduced or as-necessary basis, in order to continue the day-to-day operations of the Company.
|
|