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CUBED, INC. FILES (8-K) Disclosing Change in Directors or Principal Officers, Financial Statements and Exhibits

July 2, 2014



Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers

On June 27, 2014, the board of directors appointed Paul Turino as a new director.

Just prior to this appointment, the board accepted the resignation of Alfred A. Rapetti as a member of our board of directors. There was no known disagreement with Mr. Rapetti regarding our operations, policies, or practices.

Paul Turino has been our Chief Operating Officer since May 2014. He was the Managing Director of Velocity Media Ventures, LLC, a position he held from January 2009 until his appointment with Cubed, Inc. At Velocity, Mr. Turino provided board-level advisory services for corporate clients, as well as venture capital and private equity firms on the strategic alignment and innovative use and implementation of technology to enhance business opportunities, competitive capabilities and investment strategies.

Prior to serving at Velocity, Mr. Turino was with Citigroup, Inc., where he served as Executive Vice President of Technology Strategy and Innovation. In this position, Mr. Turino oversaw all aspects of global strategic and operational planning for technology. He is credited for spearheading the efforts behind the joint venture between Citigroup and SK Telecom "Mobile Money Venutres", and the founding of its global corporate venturing arm "Citi Ventures".

With over 25 years of experience, Mr. Turino has an accomplished and respected track record in technology. He has held senior executive positions at companies such as Sanofi-Aventis, AXA, Chase, Cablevision Systems Corporation, Chyron Corporation, and Korg, U.S.A. where he distinguished himself by achieving notable industry firsts.

Mr. Turino earned a B.S.E.E. in Computer Engineering from Hofstra University.

Our newly-appointed director has not had any material direct or indirect interest in any of our transactions or proposed transactions over the last two years.

We retained Mr. Turino, as an officer, under an Employment Agreement dated May 16, 2014 (the "Agreement"). This Employment agreement was previously reported and incorporated by reference herein.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits Exhibit No. Description

10.1 Employment Agreement with Paul Torino(1)



(1) Incorporated by reference to the Current Report on Form 8-K filed with the

U.S. Securities and Exchange Commission on May 29, 2014.

2


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Source: Edgar Glimpses


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