Brief: Nortech Says Term Of CEO Wasielewski Extended To May 15

Nortech Systems

21/12/2018 18:03

Dec 21 (Reuters) - Nortech Systems Inc  NSYS.O :
    * ENTERED INTO AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT
AGREEMENT WITH RICHARD WASIELEWSKI, COMPANY'S CHIEF EXECUTIVE
OFFICER
    * TERM OF WASIELEWSKI'S EMPLOYMENT IS EXTENDED FROM DECEMBER
31,
2018 TO MAY 15, 2019
    * WASIELEWSKI'S ROLE AS CEO WILL CONTINUE UNTIL EARLIER OF
MAY 15,
2019 OR DATE ON WHICH COMPANY HIRES A REPLACEMENT CEO
    * ENTERED INTO AN EMPLOYMENT AGREEMENT WITH JAY MILLER AS
COMPANY'S INTERIM PRESIDENT EFFECTIVE JANUARY 1, 2019
    * TERM OF MILLER AGREEMENT CONTINUES UNTIL MARCH 31, 2019
AND MAY
BE EXTENDED UP TO 90 DAYS

Source (https://bit.ly/2rRp9RM)
Further company coverage:  NSYS.O 

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