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Global Mobiletech Inc Announces Board Change-Form 8-K


Friday, 19 Jul 2013 10:32am EDT 

Global Mobiletech Inc reported in its Form 8-K that on July 15, 2013, Valerie Looi announced her retirement from the Board of Directors (the Board) of the Company, the Audit Committee, the Compensation Committee, and the Corporate Governance and Nominating Committee effective July 15, 2013. Concurrent with her retirement, Ms. Looi will no longer serve as President and Secretary of the Company effective July 15, 2013. Ms. Looi’s retirement is not as a result of any disagreement with the Company. On July 15, 2013, the Board appointed Mr. Ridzuan Mohd Jusoh to serve as an independent Director of the Company, effective July 15, 2013. It has not yet been determined whether Mr. Ridzuan will serve on any of the committees of the Board. There is no arrangement or understanding between Mr. Ridzuan and any other person pursuant to which Mr. Ridzuan was selected as a Director. On July 16, 2013, the Board appointed Hon Kit Wong, the Company’s Chief Financial Officer, to serve as Senior Vice President and Secretary of the Company effective July 16, 2013. Mr. Wong will continue to serve as the Company’s Chief Financial Officer. On July 15, 2013, the Board approved a post-retirement benefit package for Ms. Valerie Looi in connection with her retirement as Director, President and Secretary of the Company. Ms. Looi will receive a special retirement bonus in the amount of $320,000 in recognition of her many years of service and contributions to the Company. 

Company Quote

0.0251
1.0E-4 +0.40%
20 Aug 2014