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ACCELERIZE NEW MEDIA INC FILES (8-K) Disclosing Change in Directors or Principal Officers, Financial Statements and Exhibits

August 11, 2014



ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.

On August 8, 2014, Michael Lin was appointed the Chief Financial Officer of Accelerize New Media, Inc, or the Registrant. Mr. Lin, who is 43 years old, has been employed by the Registrant since June 2013 in the position of Executive Vice President of Finance. From 2012 to March 2013 Mr. Lin was the Chief Financial Officer of Gehry Technologies, from 2009 to 2011 he was the Chief Financial Officer of Uniloc USA/BlueCava and from 2003 to 2008 he was the Vice President of Finance and Strategic Planning at Fasst Search & Transfer/Microsoft. Mr. Lin is a graduate of Hosftra University with a B.B.A. in Finance and a M.B.A. from Babson College.

In connection with his appointment as Chief Financial Officer, the Registrant entered into an amendment with Mr. Lin of his employment agreement. Mr. Lin's employment agreement, as amended, was originally entered into on June 26, 2013 and Mr. Lin's employment is at will. Under the agreement Mr. Lin is entitled to an annual base salary of $283,250. Mr. Lin is entitled to other benefits including reimbursement for reasonable business expenses and payment towards health insurance premiums. The agreement contains customary confidentiality and assignment of work product provisions.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits



10.1 Amendment No. 2 to Employment Agreement, dated as of August 8, 2014, between Michael Lin and Accelerize New Media, Inc.

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Source: Edgar Glimpses


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