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DSTI > SEC Filings for DSTI > Form 8-K on 20-Mar-2013All Recent SEC Filings

Show all filings for DAYSTAR TECHNOLOGIES INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for DAYSTAR TECHNOLOGIES INC


20-Mar-2013

Change in Directors or Principal Officers, Financial Statements and Exhi


ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS; COMPENSATORY ARRANGEMENT OF CERTAIN OFFICERS

Effective March 17, 2013, Mr. Peter Lacey has resigned as Interim Chief Executive Officer, Director and Chairman of Daystar Technologies Inc. (the "Company"). There was no disagreement between Mr. Lacey and the Company regarding any matter relating to the Company's operations, policies or practices.

On March 19, 2013, the Company announced via press release the appointment of Mr. L. Mark Roseborough, the Company's current President, as its new Chief Executive Officer and interim Chairman.

The following is a brief biographical description of Mr. Roseborough

L. Mark Roseborough

Mr. Roseborough previously held the position as a Start-up Lead Executive for a $1.2 billion Semiconductor plant in the southern US which he will transition from in the next couple months while starting to fulfill his newly appointed role. Mr. Roseboroughwas a director of EPOD Solar Inc. from October 10, 2007 to January 8, 2010. He also held management positions with EPOD Solar from 2003 and was promoted to Vice-President and held that position from June 30, 2008 until July 30, 2009. From 1992 to 2003, Mr. Roseborough worked at Belkorp Industries, Inc. where he was Vice-President of Manufacturing having direct responsibility for the operations of three pulp and paper mills and one small oil refinery. These operations had approximately 350 employees and $300 million in revenues. From November 1999 to 2003, he also held the position as President and Chief Executive Officer of Bluewater Fiber in Port Huron, Michigan (on behalf of owner Merrill Lynch) which was a large recycle pulp mill.

The appointment was approved by the Board of Directors of the Company on March 18, 2013.

The full text of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.



Item 9.01 Financial Statements and Exhibits.

(c) Exhibits.

Exhibit No. Description

  99.1        Press Release issued by Daystar Technologies Inc. dated March 19,
            2013, regarding the appointment of its new Chief Executive Officer and
            interim Chairman.

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