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HRAA > SEC Filings for HRAA > Form 8-K on 16-Aug-2013All Recent SEC Filings

Show all filings for HEALTH REVENUE ASSURANCE HOLDINGS, INC. | Request a Trial to NEW EDGAR Online Pro



Change in Directors or Principal Officers, Other Events,

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

On August 7, 2013, the Board of Directors (the "Board") of Health Revenue Assurance Holdings, Inc. (the "Company" or "HRAA") appointed Peter Russo and Michael Brainard as members of the Board (the "Appointments").

Family Relationships

No family relationship has ever existed between Messrs. Russo and Brainard and the Company.

Related Party Transactions

Mr. Brainard is the Chief Executive Officer and Director of ResumeBear, Inc., a company with which HRAA has a contract worth approximately $300,000 to provide website development services. Mr. Russo is a consultant for ResumeBear, Inc.

Other than those listed above, there are no related party transactions reportable under Item 5.02 of Form 8-K and Item 404(a) of Regulation S-K.

Director Compensation

Each of Messrs. Russo and Brainard are provided compensation in the form of 100,000 non-qualified stock options of the Company's common stock, with a one year vesting period, once the Company has completed a non-qualified stock option plan.

Item 8.01 Other Events.

On August 8, 2013, the Company issued a press release announcing the appointment of Messrs. Russo and Brainard, a copy of which is attached to this Report as Exhibit 99.1.

Item 9.01 Financial Statement and Exhibits

(d) Exhibits.

The following exhibit is furnished herewith:

Exhibit Number Description
99.1 Press Release

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