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General Employment Enterprises Inc. Message Board

  • smaycs4 smaycs4 Feb 5, 2013 6:02 PM Flag

    On January 31, 2013, Herbert F. Imhoff Jr., the President and a director of General Employment Enterprises, Inc. (the "Company") informed the Company's Board of Directors that he is retiring from all positions with the Company, effective immediately.

    On January 31, 2013, Herbert F. Imhoff Jr., the President and a director of General Employment Enterprises, Inc. (the "Company") informed the Company's Board of Directors that he is retiring from all positions with the Company, effective immediately. Under a previously disclosed Consulting Agreement, Mr. Imhoff Jr. will continue to receive monthly payments of $15,000 through June 30, 2014 as well as medical benefits provided by the Company. Additionally, under the terms of his stock option agreements, he will have one year to exercise his stock options that are vested and outstanding as of January 31, 2013. As of January 31, 2013, Mr. Imhoff, Jr, had options to purchase 315,000 shares of the Company's common stock vested and outstanding.

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