In addition to very little financial activity by "evidence" of the numbers for Q3 IMO, I believe this move, which I consider significant, facilitated an earlier than expected release of financials. Bringing her on board Jan 26 with a minimum commitment of 24 hours/week at $65/hour sends a positive signal from where I sit.
Form 8-K for E DIGITAL CORP
27-Jan-2011
Change in Directors or Principal Officers
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On January 26, 2011 MarDee Haring-Layton was appointed Principal Accounting Officer. Since July 2010 Ms. Haring-Layton, age 35, has been a part-time consulting accountant for the Company. Since January 2007 she has been a consultant with Resources Global Professionals, a multinational professional services firm. From October 2005 to December 2006 she was Corporate Audit Manager at Royale Energy, Inc. and previously was employed by Charlotte Russe, Inc. as Systems Control & Reporting Manager and Deloitte & Touche, LLP as an audit professional. Ms. Haring-Layton obtained a B.S. in Business Administration from San Diego State University in 2003.
The Company pays Ms. Haring-Layton $65 per hour for consulting services with a minimum commitment of 24 hours per week. In connection with the appointment Ms. Haring-Layton was granted an option under the Company's 2005 Option Plan on 20,000 shares of common stock exercisable at $0.11 per share for a four year period vesting and becoming exercisable over 18 months subject to the terms of the option grant and the 2005 Option Plan.
There are no arrangements or understandings between Ms. Haring-Layton and any other person pursuant to which Ms. Haring-Layton was selected to serve as Principal Accounting Officer of the Company. There are no family relationships between Ms. Haring-Layton and any director or executive officer of the Company. There has been no transaction nor are there any proposed transactions between the Company and Ms. Haring-Layton that would require disclosure pursuant to Items 404(a) or (d) of Regulation S-K.
