RE:Brad Bardua@Bobby
I posted that a while back, but thanks for the reminder.
BTW, C-suite execs don't get fired for health reasons, but they sometimes resign because of them.
I also posted about the company engaging Caldwell Partners - confidentially at the time - to find a replacement for the CFO back in March.
https://www.caldwellpartners.com/candidates/executive-opportunities/
| Chief Financial Officer - 140104 (Avigilon Corporation) |
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| Posted: |
3/20/2014 |
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Location: |
Vancouver, BC or Dallas, TX |
| Position: |
C-Level Corporate |
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Exciting Growth Opportunity
Avigilon is looking for a Chief Financial Officer to lead and direct its global financial operations. The duties and responsibilities include, among other responsibilities: financial reporting, treasury, accounts payable & receivable, budgeting, analysis, audits, global tax planning & management, fund raising, and long term strategic planning.
This position reports to the Chief Executive Officer, leads a growing team of more than 25 people and works in close collaboration with the other members of the company’s executive management team.
Avigilon Corporation is defining the future of protection through innovative end-to-end security solutions. Avigilon’s industry-leading HD network video management software, megapixel cameras, access control and video analytics products are reinventing the security market. Additional information about Avigilon can be found at www.avigilon.com.
All responses to Caldwell Partners are confidential. Please indicate your interest in Project 140104 at www.caldwellpartners.com/apply.php.
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The questions I would be asking are:
Why would Avigilon have been looking to replace the CFO back in March?
Why would the CFO resign for health reasons?
Why would it happen a few days before an earnings release.
How did his health improve so quickly that he would be back in the market and in a new job within about a month?
if you have a little imagination and connect the dots, its not difficult to figure out how the sequence of events played out. The company, and probably the BOD, might have decided there was a good reason for them needing CFO change when they did, but I wouldn't be so quick to lay blame on them for the way rest of the story played out.
There are benefits to claiming health reasons and resigning when it looks like you're about to get fired.
Bardua left this company a mulitimillionaire and, knowing what I know now, I really don't feel bad about him being gone.
Another question I would ask is why would he still be hanging on to his 200,000 stock options if Avigilon has such poor prospects.
| Issuer Name: |
Avigilon Corporation |
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| Date of Last Reported |
Security |
Registered |
Closing Balance |
Insider's calculated balance |
Closing balance of equivalent number |
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| Transaction(YYYY-MM-DD) |
Designation |
Holder |
or value of underlying securities |
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| Insider Name: |
Bardua, Bradley Dean |
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| Insider Relationship: |
5 - Senior Officer of Issuer |
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| Ceased to be Insider: |
Not Applicable |
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| 2013-12-31 |
Common Shares |
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34,596 |
34,596 |
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| 2013-04-05 |
Options (Common Shares) |
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200,000 |
200,000 |
200,000 |
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You can look his balance information that up for yourself on
sedi.ca/