(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)
(e) On February 23, 2017, the Compensation Committee of the Board of Directors of Numerex Corp. (the "Company") approved the terms of a Severance and Change in Control Agreement (the "Agreement") for Kelly Gay, Chief Operating Officer. Under the terms of the Agreement, Ms. Gay will be entitled to receive 12 months of base pay in the event of a termination without Cause or resignation for Good Reason following a Change-in-Control.
The foregoing is a summary description of the material terms of the Agreement. The Agreement will be filed as an exhibit to the Company's Annual Report on Form 10-K for the year ending December 31, 2016.
Numerex Corp |
By: | /s/ Kenneth Gayron |
Name: Kenneth Gayron | |
Title: Interim Chief Executive Officer and Chief Financial Officer |