Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 14, 2023, Zach Swarts resigned his position as Chief Financial Officer
("CFO") of the Registrant (the "Company") in order to pursue other business
interests. The Company expresses its thanks to Mr. Swarts for the years of
dedicated service he has given the Company and wishes him the best going
forward. The resignation of Mr. Swarts was not a result of any disagreement or
discord with the Company or its board of directors.
Also on April 14, 2023, the Company's board of directors elected John Poss the
Interim CFO of the Company. Mr. Poss is currently the CEO of the Company, a
position he has held since April 29, 2016. Mr. Poss also serves as Chairman of
the board of directors. Mr. Poss has served as the CFO of the Company in the
past from August 2015 through August 2016.
Mr. Poss has over 30 years of experience working as a consultant to companies
facing major transitions and transformations. Mr. Poss began his career in the
Washington, D.C. office of Arthur Andersen & Co. and has served as chief
executive officer, chief operating officer, chief financial officer and chief
technology officer of both public and private companies in such diverse
industries as homebuilding, mining, telecommunications, manufacturing,
logistics, construction lending and mortgage banking. Immediately prior to
joining the Company in 2015, Mr. Poss served as Chief Executive Officer of
Experiential Teaching Online Corp., an educational content developer and for
four years prior thereto owned and operated his own consulting firm. Mr. Poss
has also worked extensively internationally, successfully negotiating agreements
in countries throughout Asia, Europe and the Americas. Mr. Poss graduated from
the University of Texas in 1974 with a degree in accounting. Mr. Poss is 75
years of age.
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