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SAPX > SEC Filings for SAPX > Form 8-K on 19-Oct-2012All Recent SEC Filings

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Other Events, Financial Statements and Exhibits

Item 8.01 Other Events

On October 15, 2012, we increased the number of our directors to eight with the addition of David Furth. Mr. Furth, in addition to three of our current directors, is an "independent director" under the SEC independence standards applicable to us. David Furth is the managing director of Gi2 LLC, where he has managed hedge fund and private equity investments focusing on rapidly growing international companies in retail software, technology, and health care since July 2008. Prior to his tenure at Gi2, commencing January 2005 Mr Furth was Senior Vice President and Portfolio Manager at Provident Investment Counsel, where he managed a $450 million growth stock portfolio. Mr. Furth attended Stanford University for his undergraduate degree and then the Kellogg School of Management at Northwestern University for his MBA. .
On October 16, 2012, we issued a press release announcing the appointment of David Furth, as a non-executive independent member of its Board of Directors. A copy of that press release is furnished as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

99.1 Press Release dated October 16, 2012.

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