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Microcap & Penny Stocks : CHYRON CORP (CHY)

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To: Bill Hermesmann who wrote (268)10/1/2004 8:55:56 PM
From: Rob Preuss   of 292
 
Kevin Prince, 49, named as Senior VP of Operations
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Form 8-K for CHYRON CORP

1-Oct-2004

Change in Directors or Principal Officers

ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS

Effective October 1, 2004, Chyron Corporation (the "Company") has promoted Kevin Prince, age 49, to the position of Senior Vice President, Operations, with responsibility for Engineering, Manufacturing, Quality Control, Test, Technology Strategy and New Product Development. The VP of Manufacturing and Engineering, Chief Technology Officer and Chief Product Officer will report to Mr. Prince.

Mr. Prince joined the Company on July 27, 2004 as VP, Strategic Marketing. Prior to joining the Company, he was employed by Pinnacle Systems, Inc., where during the past five years he held the following positions. From March 2003 to July 2004, he was Director of Product Planning (Graphics), and was responsible for graphics product planning and marketing. From July 2001 to March 2003 he was Business Manager of the Vortex Group, and was responsible for development, quality assurance, systems installations, service support and sales support for the Vortex product. From April 1997 to June 2001 he was Business Manager of the Deko Group and was responsible for the Deko Group revenues, product marketing, product specification and release plan, presentation and training.

In his new role as SVP, Operations, Mr. Prince's compensation will be increased to an annual base salary of $150,000 and he will continue to receive full participation in the Company's standard benefit plans. He does not have an employment agreement with the Company.
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