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GLYE > SEC Filings for GLYE > Form 8-K on 14-Jan-2014All Recent SEC Filings

Show all filings for GLYECO, INC.

Form 8-K for GLYECO, INC.


Change in Directors or Principal Officers, Financial Statements and Exhibits

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

Appointment of Certain Officers

On January 8, 2014, the Company announced that Todd Smith was appointed as Chief Operating Officer of the Company, effective immediately.

Prior to being appointed Chief Operating Officer, Mr. Smith, 52, served as Senior VP Sales, Mergers & Acquisitions of the Company since 2010. From 1995 to 2008, Mr. Smith served as President of Northeast Environmental Services, Inc. ("NES"), located in Cumberland, Rhode Island. NES specialized in the recycling of used engine coolants, and the distribution of recycled automotive antifreezes, as well as various other collection and disposal services offered to the customer base. Mr. Smith was responsible for all aspects of the NES operations, and by 2007, NES had gone from its infancy to achieving approximately $4,000,000 in annual revenues. Mr. Smith supervised the daily operations, research and development, and finances of NES. Additionally, Mr. Smith was directly involved in the development of a sales force that led to a customer base of over 3,000 clients, maintaining account relations and retention, and the expansion of NES from a 100 mile radius to the entire Northeastern United States. In 2000 and 2003, Mr. Smith was nominated for the Small Business Association Entrepreneur of the Year Award.

There is one family relationship that exists between Mr. Smith and the Company's officers and directors. Mr. Smith is the brother of Keri Smith, who was elected to the Company's Board of Directors by the shareholders of the Company on July 29, 2013.

There are no related party transactions reportable under Item 404(a) of Regulation S-K.

A copy of the press release announcing the foregoing is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Number:   Description of Exhibit:

99.1        Press Release dated January 8, 2014.

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