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Subsequent Events
3 Months Ended
Dec. 31, 2015
Notes to Financial Statements  
Subsequent Events

The Company evaluated subsequent events through the date the accompanying consolidated financial statements were issued.  Subsequent to December 31, 2015, the following events occurred:

 

The holder of a majority of the Company’s voting stock executed a written consent approving an amendment (the “Amendment“) to the Company’s Amended and Restated Articles of Incorporation (the “Articles of Incorporation“) to increase the total number of shares of the Company’s common stock authorized for issuance thereunder from 15.0 million shares to 30.0 million shares.  The Amendment, as approved by the written consent, will not become effective until 20 calendar days after the an information statement is first mailed or otherwise delivered to our stockholders entitled to receive notice thereof.  It is currently anticipated that the information statement will be mailed to our stockholders, and the Amendment will be filed with the Utah Secretary of State, prior to the end of the quarter ended March 31, 2016.

 

Effective January 1, 2016, Karen Macleod joined the Board of Directors of the Company.  As disclosed in the Current Report on Form 8-K filed January 5, 2016, Ms. Macleod is the former President of Tatum LLC, a New York-based professional services firm owned by Randstad, a position she served in from 2011-2014. Prior to her time with Tatum, Ms. Macleod was a co-founder of Resources Connection (NASDAQ:RECN), now known as RGP, a multinational professional services firm founded as a division of Deloitte in June 1996. Ms. Macleod served in several positions for RGP, including as a director from 1999-2009 and President, North America from 2004-2009. Prior to RGP, Ms. Macleod held several positions in the audit department of Deloitte between 1985-1994.  Ms. Macleod currently serves as a director for A-Connect (Schweiz) AG, a privately held, Swiss-based global professional services firm and was a director for Overland Solutions from 2006-2013. Ms. Macleod holds a Bachelor of Science in Business/Managerial Economics from the University of California, Santa Barbara.  There are no related party transactions between the Company and Ms. Macleod that would require disclosure under Item 404(a) of Regulation S-K, nor are there any arrangements or understandings in connection with Ms. Macleod’s appointment to the Board.