UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): June 5, 2008
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ISSUER DIRECT CORPORATION
(Exact name of registrant as specified in charter)
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Delaware | 1-10185 | 74-2418590 |
(State or other jurisdiction of incorporation) | (Commission | (IRS Employer Identification No.) |
201 Shannon Oaks Circle Suite 105, Cary North Carolina 27511
(Address of principal executive offices)
(919) 481-4000
(Registrants Telephone Number, including Area Code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(c)
On June 5, 2008, Issuer Direct Corporation (the Company) appointed Lori Jones as Chief Financial Officer and Chief Accounting Officer (Principal Accounting Officer) of the Company. Ms. Jones served as Chief Executive Officer and acting Chief Financial Officer of Analytical Surveys, Inc .(ASI) a publicly held energy and geo-spatial mapping company until March 23, 2008. Since that time, she has provided consulting services to ASI and other entities. She served as the ASIs Chief Financial Officer from January 2003 until December 2004, when she assumed the position of CEO. From March 2001 to January 2003, Ms. Jones was a partner with Tatum CFO Partners LLP, a financial consulting company, where she provided senior financial advice to both small and medium-size firms. Prior to Tatum CFO Partners LLP, Ms. Jones served as chief financial officer of Billserv, Inc. Ms. Jones is a C.P.A. and holds a M.B.A. from the University of Texas at San Antonio.
On June 5, 2008, the Company entered into a Consulting Agreement with Ms. Jones pursuant (the Agreement) to which Ms. Jones will be paid (i) during the first sixty days of the Agreement a monthly fee equal to $4000 in cash and 32,000 restricted shares of the Companys common stock and (ii) subsequent to the first sixty days a monthly fee of $8,000 in cash. A copy of the agreement is filed with the Securities and Exchange Commission as Exhibit 99.1 hereto.
Item 9.01
Financial Statements and Exhibits
(d) Exhibits
Exhibit No. |
| Description |
| Consulting Agreement dated June 5, 2008 between the Company and Lori Jones. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ISSUER DIRECT CORPORATION | |
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Date: June 10, 2008 | By: | /s/ BRIAN R. BALBIRNIE |
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| Brian R. Balbirnie |
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| Chief Executive Officer |