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CTD Holdings, Inc. Welcomes Jeffrey L. Tate to Board – August 2010 Report

$CYTHW
Form 8-K
Filed on: 2010-08-17
Source
CTD Holdings, Inc. Welcomes Jeffrey L. Tate to Board – August 2010 Report

Here are the key insights extracted from the provided section of the financial report (Form 8-K) for CTD Holdings, Inc.:

  1. Date of Report: The report was filed on August 17, 2010.
  2. Company Information:
  • Name: CTD Holdings, Inc.
  • State of Incorporation: Florida
  • Commission File Number: 000-30451
  • I.R.S. Employer Identification No.: 59-3029743
  • Principal Executive Offices Address: 27317 N.W. 78th Avenue, High Springs, FL 32643
  • Phone Number: (386) 454-0887
  1. Board Appointment:
  • New Director: Jeffrey L. Tate, Ph.D., age 52, was appointed to the Board of Directors on August 17, 2010.
  • Current Role: Dr. Tate has served as President and Chief Operating Officer of NanoSonic Products, Inc. (a wholly-owned subsidiary) since February 2010. He also holds positions as Secretary and Treasurer of two other subsidiaries of the Company.
  1. Professional Background:
  • Prior positions include:
    • President of J-Jireh Products, Inc.
    • Principal at J. Benson Tate Consultants LLC.
    • Vice President of Scientific and Regulatory Affairs at Natural Biologics, LLC.
  • Educational Background: B.Sc. from the University of Minnesota; M.Sc. and Ph.D. from the University of Minnesota Graduate School in Management of Technology and Plant Physiology.
  1. Employment Agreement:
  • An employment agreement was signed on February 15, 2010, between NanoSonic Products, Inc. and Dr. Tate.
  • Compensation: Dr. Tate's base salary is $120,000 per year.
  • Termination Conditions: The agreement ends upon Dr. Tate's death, "Complete Disability," or discharge for "Cause." In such cases, he is entitled to any accrued compensation or benefits up until the termination date.
  1. Exhibits:
  • The report includes an exhibit (10.1), which is the Employment Agreement dated February 15, 2010, between NanoSonic Products, Inc. and Jeffrey L. Tate, Ph.D.

This information highlights the leadership changes within CTD Holdings, Inc. and provides insights into the qualifications of the new board member, which may influence the company's strategic direction and operations.