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AMBT > SEC Filings for AMBT > Form 8-K on 9-May-2013All Recent SEC Filings

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Change in Directors or Principal Officers

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

Effective May 8, 2013, Mark Fidler resigned from the positions of Chief Financial Officer, Treasurer and Vice President of Ambient Corporation (the "Company") in order to pursue other opportunities.

On May 8, 2013, the Company appointed Stacey Fitzgerald as the Company's Chief Financial Officer. Ms. Fitzgerald, age 45, has been Controller of the Company since July 9, 2012 and was primarily responsible for the management of all corporate accounting activities including the year-end financial statement audit, internal controls structure, SEC reporting, and the streamlining of various business and accounting processes. Prior to joining Ambient, from February to June 2012, Ms. Fitzgerald worked as an independent consultant at Accounting Management Solutions, a Massachusetts based company engaged in accounting and finance consulting services. From February 1998 to December 2006, she served as Vice President of Finance, as well as other senior finance positions at RSA Security, formerly a publicly held company engaged in the field of network security. From January 2007 through December 2012 Ms. Fitzgerald was at home raising her young family. Lastly, Ms. Fitzgerald began in career in the audit practice of both Ernst & Young and KPMG. Ms. Fitzgerald holds a Bachelor of Science in Business Administration with a Concentration in Accounting from Salem State University.

No determination regarding compensation arrangements relating to Ms. Fitzgerald's appointment to Chief Financial Officer has been made as of the date of the filing of this Current Report on Form 8-K.

There are no arrangements or understandings between Ms. Fitzgerald and any other person pursuant to which she was appointed Chief Financial Officer. There is no family relationship between Ms. Fitzgerald and any of the Company's directors or officers. There are no related party transactions reportable under Item 404(a) of Regulation S-K.

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