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Kure Technologies Inc V.KUR.H

Alternate Symbol(s):  UBSBF

Kure Technologies, Inc. is a Canada-based company. The Company has no business activity. The Company's subsidiary is UBS Wireless Services Inc.


TSXV:KUR.H - Post by User

Bullboard Posts
Post by ice148on Oct 19, 2002 6:19am
182 Views
Post# 5517909

re: Lavelle, Freidman, Smith, Benvidi

re: Lavelle, Freidman, Smith, Benvidi22 c) Patrick Lavelle, former Chairman and interim President and CEO: During 2002, the Company paid to Mr. Lavelle consulting fees of $262,000 and directors fees of $179,400. In addition, Mr. Lavelle, along with former Directors The Right Hon. John Turner, Edward Neufeld and The Hon. William D. Rogers, may make claims on a trust as outlined in Note 5. (d) Previous senior officers, On March 13, 2002, the previous Board of Directors, over the objections of Mr. Dolgonos, placed $2,066,370 in escrow to fund potential severance payments to three senior officers of the Company that would become effective if they tendered their resignations following a change in ownership or control of the Company. On March 18, 2002, the Company's shareholders elected a new Board of Directors at the Company's Annual General Meeting. The three senior officers resigned immediately after the Annual General Meeting, and received the following amounts: Jeffery Friedman $ 947,324 Mohammed Benvidi 941,842 Cameron Smith 177,204 $ 2,066,370 In addition, these former senior officers may also make claims on a trust as outlined in Note 5.
Bullboard Posts