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BSDM > SEC Filings for BSDM > Form 8-K on 11-Dec-2012All Recent SEC Filings

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Form 8-K for BSD MEDICAL CORP


11-Dec-2012

Change in Directors or Principal Officers, Financial Statements and Exhibits


Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(c) The Board of Directors of BSD Medical Corporation (the "Company") has elected and appointed William S. Barth as the Chief Financial Officer and Corporate Secretary of the Company. Mr. Barth commenced his employment with the Company on December 10, 2012, and will assume the duties of Chief Financial Officer and Corporate Secretary effective January 1, 2013, upon the departure of Dennis Gauger, the Company's current Chief Financial Officer and Corporate Secretary.

Mr. Barth has an extensive history as CFO for both publicly and privately held companies doing business in the medical device and biotechnology industries. Since May 2011, he has served as an independent corporate financial and strategic planning consultant. From June 2008 to May 2011, he served as Sr. Vice President and Chief Financial Officer for Emphusion, LLC, a private-equity-owned Contract Research Organization (CRO) providing data management and bio statistical analysis services for new drug and medical device development. From January 2001 through April 2008 Mr. Barth was VP of Finance and CFO for NWT Inc. /Tandem Labs (Tandem), a privately owned CRO, providing advanced bio-analytical services in support of new drug development. Mr. Barth was instrumental in the successful merger of Tandem with Laboratory Corporation of America in February 2008. During the 20 years prior to his experience with Tandem, he served as CFO for 6 medical device companies, two of which were publicly owned. During this time he played critical roles in completing several equity, debt and merger transactions. Mr. Barth began his career in finance while serving as a staff accountant with Deloitte & Touche, an international accounting and consulting firm.

None of the entities described above is a parent, subsidiary or other affiliate of the Company.

Mr. Barth, age 62, will serve in his capacities as Chief Financial Officer and Secretary at the pleasure of the Board of Directors. Mr. Barth has no family relationships with any director or executive officer of the Company.

Mr. Barth's annual salary will initially be $200,000, and he will be granted options pursuant to the Company's shareholder approved Stock Incentive Plan, as amended.

The press release issued by the Company on December 11, 2012, announcing Mr. Barth's appointment as Chief Financial Officer and Secretary is attached to this Form 8-K as Exhibit 99.1 and is incorporated herein by reference.



Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

  Exhibit No.                                  Description
  99.1            Press release dated December 11, 2012 announcing appointment of
                  William S. Barth as Chief Financial Officer and Secretary of BSD
                  Medical Corporation

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