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GSB > SEC Filings for GSB > Form 8-K on 9-Oct-2013All Recent SEC Filings

Show all filings for GLOBALSCAPE INC



Change in Directors or Principal Officers, Financial Statements and Exhibits

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

(e) The Company has appointed Doug Conyers, the current Senior Vice President of Engineering, as Senior Vice President of Operations. Conyers has been with Globalscape for six years, and served as senior vice president of engineering for the past four years.

The Company has appointed Matthew Goulet as Vice President of Sales. Goulet brings to Globalscape more than 16 years of experience in the security, networking, and storage industries. Goulet spent the past five years at Kaspersky Lab, most recently as the vice president of SME sales and operations, where he helped build a channel of more than 1,000 resellers and drove double-digit growth every year.

The Company has entered into a new employment agreement with James W. Albrecht, Jr., Chief Financial Officer, that (1) provides for a term of employment through December 31, 2014, subject to termination under certain conditions as described in the agreement, (2) provides that if Mr. Albrecht's employment with the Company terminates under certain circumstances, the Company shall pay Mr. Albrecht either an amount equal to his base salary in effect at the date of termination for twelve (12) months following the date of termination or, if there has been a change in control of the Company, a lump-sum payment of 1.5 times his annual base salary, (3) provides a base salary of $230,000 annually and (4) provides for an annual bonus of up to 35% of his base salary if certain performance targets for the Company are met.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

10.1 Amended and Restated Employment Agreement signed October 8, 2013, and effective July 1, 2013 by and between GlobalSCAPE, Inc. and James W. Albrecht, Jr.

99.1 News release dated October 9, 2013.

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