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BLIN > SEC Filings for BLIN > Form 8-K on 31-Oct-2013All Recent SEC Filings

Show all filings for BRIDGELINE DIGITAL, INC. | Request a Trial to NEW EDGAR Online Pro

Form 8-K for BRIDGELINE DIGITAL, INC.


31-Oct-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.

On October 25, 2013, Bridgeline Digital, Inc. (the "Company") increased the size of the Board of Directors to seven members and appointed Michael N. Taglich to the Board of Directors to fill the newly created seat. Mr. Taglich has not been appointed to any committees of the Board of Directors.

Mr. Taglich is the President and Chairman of Taglich Brothers, Inc. In connection with the private placement of convertible notes in September 2013, the Company paid Taglich Brothers, Inc., as compensation for acting as placement agent, a commission of 8% or $160,000, reimbursed Taglich Brothers, Inc. for approximately $25,000 in out of pocket expenses and issued to Taglich Brothers, Inc., and its affiliates, five-year warrants to purchase an aggregate of 153,846 shares of common stock at an exercise price equal to $1.30 per share. The warrants are first exercisable on March 30, 2014.

In connection with the private placement of shares of common stock in June 2013, the Company paid Taglich Brothers, Inc., as compensation for acting as placement agent, a commission of 8% or $184,000, reimbursed Taglich Brothers, Inc. for approximately $30,000 in out of pocket expenses and issued Taglich Brothers, Inc., and its affiliates, five year warrants to purchase an aggregate of 230,000 shares of Bridgeline Digital's common stock at a price equal to $1.25 per share.

In connection with the private placement of shares of common stock in May 2012 the Company paid Taglich Brothers, Inc., as compensation for acting as placement agent, a commission of 8% or $200,000, reimbursed Taglich Brothers, Inc. for approximately $25,000 in out of pocket expenses and issued Taglich Brothers, Inc., and its affiliates, five year warrants to purchase an aggregate of 217,913 shares of Bridgeline Digital's common stock at a price equal to $1.40 per share.


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