(Exact name of small business issuer as specified in its charter)
(State or other jurisdiction of incorporation or organization)
(IRS Employer Identification No.)
(Address of principal executive offices)
(Registrant's Telephone number)
(Former Name or Former Address, if Changed Since Last Report)
On June 28, 2013, Robert Clayton elected not to extend his employment with Spherix Incorporated (the "Company") and resigned from his position as the Company's Chief Financial Officer, Treasurer and Corporate Secretary and all positions held with the Company's subsidiaries. On March 29, 2013, Mr. Clayton and the Company entered into an Extension Letter, extending Mr. Clayton's employment with the Company until June 30, 2013. Mr. Clayton did not resign due to any disagreement with the Company or its management regarding any matters relating to the Company's operations, policies or practices.
On July 1, 2013, Robert Lodder elected not to extend his employment with the Company and resigned from his position President of the Company as contemplated by the Retention Agreement previously entered with Mr. Lodder on January 22, 2013. Mr. Lodder did not resign due to any disagreement with the Company or its management regarding any matters relating to the Company's operations, policies or practices.
Spherix Incorporated |
By: | /s/ Harvey J. Kesner |
Name: Harvey J. Kesner | |
Title: Interim Chief Executive Officer |