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UPI > SEC Filings for UPI > Form 8-K on 5-Apr-2013All Recent SEC Filings

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



Results of Operations and Financial Condition, Change in Directors or Principal Off

Item 2.02. Results of Operation and Financial Condition

On April 5, 2012, Uroplasty, Inc. (the "Company") released preliminary information regarding aggregate revenue and revenue from sales of Urgent PC in the United States for the quarter and year ended March 31, 2013.

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

(b) On April 5, 2013, David B. Kaysen, President, Chief Executive Officer and a member of the Board of Directors of the Company, resigned all positions as an officer and director of the Company.

(c) On April 5, 2013, Robert C. Kill, a member of the Board of Directors, was appointed interim Chief Executive Officer of the Company while the Board conducts a search for a permanent CEO. Mr. Kill is currently an Operating Partner with Altamont Capital Partners, a private equity firm. Prior to joining Altamont, Mr. Kill was President and Chief Executive Officer of Virtual Radiologic Corporation, a provider of technology-enabled outsourced radiology solutions. Before Virtual Radiologic, he was President of Misys Physician Systems, a developer of electronic medical record and practice management software. Mr. Kill was with Baxter Healthcare for the first ten years of his career, where he held senior leadership roles in operations, marketing and sales.

The Company will pay Mr. Kill, who resigned from the Company's Audit Committee and Compensation Committee upon being appointed Chief Executive Officer, $25,000 per month for his services as Chief Executive Officer.

Patrick Maxwell, a director, was appointed to the audit committee simultaneous with Mr. Kill's resignation.

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