News Column

OPTIONABLE INC FILES (8-K) Disclosing Change in Directors or Principal Officers

September 3, 2014



Item 5.02 Amendment of By-Laws and Resignation of Director.

Effective on September 3, 2014, the majority of the shareholders and the Board of Optionable, Inc. approved an amendment to the by-laws of Optionable, Inc., such that the minimum number of members of the Board of Directors has been reduced from two to one. Furthermore, the Board of Directors accepted Neil Osrof's resignation from the Board of Directors of Optionable, Inc., effective the same date. The Directors and Officers wish to sincerely thank Mr. Osrof for all of his hard work, time and effort with respect to his serving on the Company's Board of Directors.

Item 5.03 Issuance of Options.

Effective on September 3, 2014, the Board of Optionable, Inc. approved the issuance of options to Dov Rauchwerger, Neil Osrof and Matthew Katzeff, as per the Company's 2004 Stock Option Plan (as amended in March 2011). The Company granted 750,000 options to Dov Rauchwerger at an exercise price of $0.03; 350,000 options to Neil Osrof at an exercise price of $0.03; and 750,000 options to Matthew Katzeff at an exercise price of $0.03.

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Source: Edgar Glimpses


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