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Quotes & Info
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| OEDV > SEC Filings for OEDV > Form 8-K on 22-Jan-2013 | All Recent SEC Filings |
22-Jan-2013
Change in Directors or Principal Officers
On January 17, 2013, the Company entered into a CFO Consulting Agreement (the "Agreement") with Norman Dowling to serve as a part-time Chief Financial Officer of the Company.
Mr. Dowling has over 20 years of finance experience, including four years as Executive Vice President and Chief Financial Officer of The Active Network, Inc. ("Active"), during which time Active completed 23 acquisitions and three private equity rounds raising over $165 million, and four years as Vice President Finance, at PETCO Animal Supplies, Inc. "("PETCO") during which time PETCO was taken private through a leveraged recapitalization and re-emerged as a public company through an Initial Public Offering. Mr. Dowling also served as Chief Financial Officer of Factory 2U Stores, Inc. and CinemaStar Luxury Theatres, Inc. In addition to a number of other senior financial positions, Mr. Dowling's experience includes six years with Ernst & Young in audit assurance and management consultancy roles. Mr. Dowling holds a Bachelor of Commerce degree from University College Dublin, Ireland.
Pursuant to the Agreement, Mr. Dowling will devote approximately one third of his time to the Company and be compensated at a rate of $5,000 per month. .
The foregoing description of the Agreement is qualified in its entirety by reference to the full text of the Agreement, a copy of which is attached hereto as Exhibit 99.1 and which is incorporated herein in its entirety by reference.
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