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IDSY > SEC Filings for IDSY > Form 8-K on 7-Apr-2014All Recent SEC Filings

Show all filings for ID SYSTEMS INC

Form 8-K for ID SYSTEMS INC


7-Apr-2014

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 April 4, 2014, each of Lawrence S. Burstein, Harold D. Copperman, Robert J. Farrell and Michael P. Monaco informed I.D. Systems, Inc. (the "Company") of their respective decisions not to stand for re-election to the Company's board of directors (the "Board") at the 2014 annual meeting of stockholders (the "2014 Annual Meeting"). Messrs. Burstein, Copperman, Farrell and Monaco's decisions not to stand for re-election were not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices.

The Nominating Committee of the Board will vet a slate of replacement candidates to stand for election at the 2014 Annual Meeting, including candidates proposed by Kenneth Ehrman who is the beneficial owner of 5.8% of the Company's common stock. Mr. Ehrman is also the Company's President and Interim Chief Executive Officer. A proxy statement describing the candidates will be filed in accordance with the rules and regulations of the U.S. Securities and Exchange Commission.

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