(Exact name of registrant 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 May 12, 2016, the Board of Directors of ImageWare Systems, Inc. (the "Company"), acting by unanimous written consent, amended the Bylaws of the Company to increase the number of directors of the Company from seven (7) to not more than eight (8) directors. Effective upon the amendment, upon the recommendation of the Nominating and Corporate Governance Committee, the Board of Directors formally appointed Dana W. Kammersgard to the Board of Directors, to serve until the next annual meeting of stockholders or until his successor is elected and qualified.
Mr. Kammersgard is currently the Executive Vice President , Cloud Systems and Solutions for Seagate Technology, where he is responsible for all storage systems related products and strategies. Prior to joining Seagate Systems in 2015, he served as the President, CEO and a director of Dot Hill System Corp. ("Dot Hill") since March 2006. He served as President of Dot Hill from August 2004 to March 2006. From August 1999 to August 2004, Mr. Kammersgard served as Dot Hill's 's Chief Technical Officer. Mr. Kammersgard was a founder of Artecon and served as a director from its inception in 1984 until the company's merger with Box Hill Systems Corp. in August 1999. At Artecon, Mr. Kammersgard served in various positions since 1984, including Secretary and Senior Vice President of Engineering from March 1998 until August 1999, and as Vice President of Sales and Marketing from March 1997 until March 1998. Prior to cofounding Artecon, Mr. Kammersgard was the Director of Software Development at Calma, a division of General Electric Company. Mr. Kammersgard holds a B.A. in chemistry from the University of California, San Diego.
In connection with Mr. Kammersgard's election to the Board of Directors, he was granted an option to purchase, for $1.29 per share, 50,000 shares of the Company's common stock under the terms of the Company's 1999 Stock Award Plan, which shares vest 16,672 shares on the first anniversary of the date of grant, and 4,166 shares thereafter in eight (8) equal quarterly installments. There are no other arrangements or understandings between Mr. Kammersgard and any other persons, naming Mr. Kammersgard to the Board of Directors, pursuant to which he was selected as a director.
See Item 5.02 above.
ImageWare Systems, Inc. |
By: | /s/ Wayne Wetherell |
Name: Wayne Wetherell | |
Title: Chief Financial Officer |