UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of report (Date of earliest event reported) March 9, 2015
(March 5, 2015)
VISCOUNT SYSTEMS, INC.
(Exact name of registrant as specified in Charter)
Nevada |
000-49746 |
88-0498181 |
(State or other jurisdiction of |
(Commission File Number) |
(IRS Employer |
incorporation) |
|
Identification No.) |
4585 Tillicum Street, Burnaby, British Columbia, Canada V5J
5K9
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (604)
327-9446
N/A
(Former Name or Former Address, if Changed Since
Last Report)
Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a -12)
[ ] Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
[ ] Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))
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Item 8.01 Other Events.
Effective February 27, 2015, Dennis Raefield resigned as
non-executive Chairman of the Board of Directors (the Board) of Viscount
Systems, Inc. (the Company).
Effective February 27, 2015, Ambassador Ned L. Siegel was
appointed non-executive Chairman of the Board of the Company.
On March 9, 2015, the Company issued a press release announcing
that Dennis Raefield resigned as non-executive Chairman of the Board of the
Company and that Ambassador Ned L. Siegel was appointed non-executive Chairman
of the Board of the Company. A copy of the press release is attached hereto as
Exhibit 99.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Date: |
March 9, 2015 |
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VISCOUNT SYSTEMS, INC. |
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(Registrant) |
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By: /s/ Dennis
Raefield |
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Dennis
Raefield, President |
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Viscount Systems Appoints Ambassador Ned L. Siegel as
Chairman of the Board
Former U.S. Ambassador Brings 30 Years of Leadership and
Entrepreneurial Experience to Company
VANCOUVER, British Columbia -- Viscount Systems
Inc (Viscount) (OTCQB:VSYS), a software company specializing in
physical and logical security solutions, has named Ambassador Ned L. Siegel as
the Chairman of the Board of Directors, effective immediately. Ambassador Siegel
was elected to Viscounts Board in April 2014 and succeeds Dennis Raefield, who
has stepped down as Chairman to focus on the Companys expected rapid growth and
will continue to serve as Chief Executive Officer and as a member of the Board.
Ambassador Siegel brings over 30 years of entrepreneurial,
business management and political leadership experience to Viscount. His
extensive track record restructuring, repositioning and recapitalizing business
ventures, developing new investment strategies, and establishing strategic
relationships will be instrumental in creating return-driven opportunities for
the Company.
Ambassador Siegels experience holding various government
positions and three decades of private sector success makes him a valuable
addition to our board, said Dennis Raefield, President and CEO of Viscount
Systems. As we continue to execute on our long term growth strategy and
increase sales to both the U.S. Federal Government and the enterprise,
Ambassador Siegel is the right person to guide Viscount into its next phase of
growth."
In addition to the success of several business ventures,
Ambassador Siegel has a deep-rooted background in politics and government. As U.
S. Ambassador of the Commonwealth of the Bahamas, he used his expertise and
business experiences to oversee all operations of the U.S. Embassy Nassau.
Prior to his Ambassadorship, Ambassador Siegel was honored by
two additional Presidential appointments. In 2006, he was appointed by President
Bush to serve at the United Nations in New York as the Senior Advisor to the
U.S. Mission and as the United States Representative to the 61st Session of the
United Nations General Assembly. From 2003 2007, he served on the Board of
Directors of the Overseas Private Investment Corporation (OPIC), established in
1971 to help U.S. businesses invest overseas, fostering economic development in
new and emerging markets.
Preceding his government work, Ambassador Siegel founded the
Siegel Group, an international business management advisory firm. Under his
leadership, the Siegel Group focuses on helping clients grow and expand through
private equity investments, strategic infrastructure projects and an extensive
network of relationships.
Ambassador Siegel began his career in law before co-founding
the Weingarten-Siegel Group, a national residential building company
headquartered in New Jersey, with offices in California and Florida. Ambassador
Siegel managed the companys operations, development and marketing departments,
growing it into one of the largest residential developers in the country.
In addition to serving as Viscounts Chairman, Ambassador
Siegel has held director positions on the boards of several consumer product,
technology and real estate development companies.
Since joining Viscounts board in April, the company has taken
important steps to drive sales and increase revenue, said Ambassador Siegel.
As I take on the role of Chairman, I look forward to continuing to build value
and help Viscount solidify its niche at the intersection of the identity
management, physical access control, network security and logical security
verticals in the government and commercial sectors.
Additional Viscount Resources:
Freedom Access
Control
White Paper: Rethink Access Control
Viscount Company Overview
Article: Leveraging IT for Access Control
About Viscount
Viscount is the leading provider of
next generation, IT-centric access control and identity management applications.
Viscounts Freedom application platform allows seamless unification of the
physical and digital security worlds by replacing discrete, self-contained
systems with an integrated security system that is sophisticated enough to
protect todays critical business assets, and flexible enough to keep up with
the evolving IT infrastructures of government and private organizations. For
more information please visit: www.viscount.com
Safe Harbor Statement
Forward looking statements:
This press release and other statements by Viscount Systems Inc. may contain
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act with respect to the outlook for earnings and revenues,
other future financial or business performance, strategies and expectations.
Forward-looking statements are typically identified by words or phrases such as
"believe," "expect," "estimate," "position," "assume," "potential," "outlook,"
"continue," "remain," "maintain," and similar expressions, or future or
conditional verbs such as "will," "would," "should," "could," or similar
expressions.
Contact
Allison Monat / Thomas Mei
viscount@kcsa.com
212-682-6300
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