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Qualstar Corp Announces Management Changes And Commences Lawsuit-Form 8-K


Friday, 12 Jul 2013 06:01am EDT 

Qualstar Corp reported in its Form 8-K that On July 10, 2013, the Company terminated the employment of Lawrence D. Firestone, the Company‚Äôs prior Chief Executive Officer and President, for cause. In connection with the termination of Mr. Firestone, on July 11, 2013, Qualstar commenced a lawsuit against Mr. Firestone, in the Superior Court of the State of California, Los Angeles County, alleging breach of his duties owned to the Company. As of the filing of this Current Report on Form 8-K, no severance or compensation arrangement has been entered into between the Company and Mr. Firestone in connection with his termination. 

Company Quote

1.25
0.01 +0.81%
24 Nov 2014