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Lead-Acid Batteries Thrive Amidst Competition from Lithium-ion
Sep 28 2018
Integral Technologies Issues 8K Disclosing CFO Changes
Sep 26 2018
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective September 19, 2018, Eli Dusenbury resigned from his position as chief financial officer (CFO) of Integral Technologies, Inc. (the "Company"). The Board of Directors of the Company (the "Board") accepted Mr. Dusenbury's resignation at a meeting of the Board on the same day. Mr. Dusenbury's resignation is not based on any disagreements or with the Company or with any of its accounting or filing practices or procedures.
Also effective on September 19, 2018, the Company appointed Michael R. Guzzetta as a consultant and CFO of the Company. Mr. Guzzetta was previously serving as a consultant to management of the Company since June 1, 2018. Mr. Guzzetta's professional experience prior to joining the Company is set forth below:
Michael R. Guzzetta. Mr. Guzzetta, age 60, is a Certified Public Accountant with a practice located in Central & Northeast Ohio providing services including business and individual taxation, non-profit accounting, corporate policy and procedure development, business organization and consulting. Prior to opening his practice he spent 20 years in corporate management in the communications and energy industries. He was appointed as a Chief Financial Officer for ProtoKinetix, Incorporated on November 14, 2017 and continues to serve in that position. Between 2014 and 2015, Mr. Guzzetta served as Treasurer and principal financial officer of Trans Energy Inc., a publicly traded energy company, where his responsibilities included corporate banking, risk management, maintaining fiscal control, budgeting, taxation and SEC reporting. His prior positions include Midwest Region Business Manager for a Fortune 100 company and Controller for an energy marketing company. Mr. Guzzetta also served as an Adjunct Professor at Stark State College and taught courses in accounting, finance, business management, and economics. He is a graduate of Walsh University where he graduated Magna Cum Laude with a BA in Accounting. He earned his MBA from Capital University in Columbus, Ohio. Mr. Guzzetta has been a past member of both the Ohio Society of Certified Public Accountants and the American Institute of Certified Public Accountants. He has served on the boards of the Canton Ballet, the ALS CARE Project and the Finance Committee of Stark County Board of Developmental Disabilities.
Prior to Mr. Guzzetta's appointment as CFO of the Company, the Company and Mr. Guzzetta entered into a consulting agreement as of May 15, 2018 to provide advisory and consulting services to management as part of the outsourced controller role, and to advise on and improve corporate governance compliance and procedures as well as support strategic partnership and financing initiatives with the Company's management (the "Agreement"). The Agreement provides for a one-year term through May 15, 2019 and is expected to be extended by both parties, with an automatic one year renewal thereafter on a year-to-year basis unless either the Company or Mr. Guzzetta provides the other with six months' notice of non-renewal. The Agreement provides for a monthly consulting fee of $5,000.00 between June 1, 2018 and August 31, 2018, which is then increased to $6,000.00 per month starting September 1, 2018.
PolyOne Guide to Composite Materials
Sep 25 2018
Lead Acid vs. Lithium Military Battery Packs: What You Need to Know
Sep 24 2018
A Future for Hybrid and Battery-Electric Wing Ships
Sep 21 2018
Safe Harbor Statement
These post may contain "forward-looking statements'' within the meaning of Section 27A of the 1933 Securities Act and Section 21E of the 1934 Securities Exchange Act. These statements include, without limitation, predictions and guidance relating to the company's future financial performance and the research, development and commercialization of its technologies. In some cases, you can identify forward-looking statements by terminology such as, "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," "continue," or the negative of these terms or other comparable terminology. These forward-looking statements are based on management's current expectations, but they involve a number of risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in the forward-looking statements, as the result of such factors, risks and uncertainties as (1) competition in the markets for the products and services sold by the company, (2) the ability of the company to execute its plans, (3) other factors detailed in the company's public filings with the SEC, including, without limitation, those described in the Company's annual report on Form 10-K for the year ended June 30, 2016 as filed with the Securities and Exchange Commission and available at www.sec.gov, and (4) the parties may be unable to agree upon definitive agreements. You are urged to consider these factors carefully in evaluating the forward-looking statements.