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ERB > SEC Filings for ERB > Form 8-K on 11-Jul-2013All Recent SEC Filings

Show all filings for ERBA DIAGNOSTICS, INC.

Form 8-K for ERBA DIAGNOSTICS, INC.


11-Jul-2013

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.

(b) On July 6, 2013, Kevin Clark, the President, Chief Executive Officer and Chief Operating Officer of ERBA Diagnostics, Inc. (the "Company"), delivered notice to the Company of his intention to resign effective as of July 31, 2013.

(c) Effective as of August 1, 2013, Sanjiv Suri will become the Interim Chief Executive Officer of the Company. Mr. Suri, age 54, has served as a director on the Company's Board of Directors since May 8, 2013, and he plans to continue in that role. Mr. Suri has served as President International Business of ERBA Diagnostics Mannheim GmbH ("ERBA Mannheim") since June 2011, and he plans to continue in that role. Prior to that time, Mr. Suri had served in various roles with Bio-Rad Laboratories since 1985. Mr. Suri does not receive compensation from the Company for being a director on the Company's Board of Directors and he will not receive compensation from the Company for being Interim Chief Executive Officer of the Company.

As previously reported, ERBA Mannheim, directly or indirectly, beneficially owns approximately 82.4% of the issued and outstanding shares of the Company's common stock. As previously reported in Item 13 - Certain Relationships and Related Transactions, and Director Independence - of the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission on June 14, 2013, the Company and its subsidiaries have in the past, and are currently, engaged in various transactions with ERBA Mannheim and its affiliated companies.

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