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| DSBO.OB > SEC Filings for DSBO.OB > Form 8-K on 29-May-2009 | All Recent SEC Filings |
29-May-2009
Change in Directors or Principal Officers, Other Events, Financial Statements and
On May 26, 2009 J.W. Roth informed Disaboom Inc. (the "Company") that he has decided to resign from the Company's board of directors. Mr. Roth did not cite any disagreement with management or Company practices or policies as the basis for his decision to resign. Instead, he cited personal reasons and time demands as the reason for his decision to resign. Mr. Roth's resignation was effective May 28, 2009.
Effective May 28, 2009 Dr. J. Glen House was appointed to serve as Chairman of the Company's board of directors. At this time Dr. House has not been appointed to serve on any board of director committees. There is no arrangement or understanding pursuant to which Dr. House was appointed to the Company's board of directors. Dr. House's compensation for his services as a director will be consistent with that of the Company's other non-employee directors. Other than the standard compensation arrangements, there are no arrangements or understandings between Dr. House and any other person pursuant to which he was appointed as a director.
Dr. House is a founding member of the Company and currently serves as the Company's Chief Medical Advisor. From November 2006 through November 5, 2008 he served on the Company's board of directors. He also previously served as the Company's Executive Director of Content and Chief Medical Officer pursuant to the terms of an employment agreement. On May 12, 2009 the Company and Dr. House mutually agreed to terminate the terms of his employment agreement and Dr. House was paid a severance equal to approximately eight months of his then current salary (being a total severance payment of $50,000).
On May 28, 2009 the Company issued a press release regarding Mr. Roth's resignation and Dr. House's appointment as Chairman. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein.
(d) Exhibits
99.1 Press Release dated May 28, 2009.
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