On November 30, 2005, our board of directors approved the appointment of Ms. Rose Tomich-Litz as our Vice President, Operations. Ms. Tomich-Litz will report to John Zavoli, our Chief Operating Officer. Ms. Tomich-Litz, age 47, has over 17 years of experience in operations. From December 2002 to June 2004, Ms. Tomich-Litz was Vice President, Operations with Promicro Systems, a manufacturer and distributor of custom computers and servers. Prior to joining Promicro Systems, Ms. Tomich-Litz was Vice President, Operations with Prisa Networks, a manufacturer and distributor of storage area network management software, from June 2000 to January 2002. Ms. Tomich-Litz holds an M.B.A. and a B.S. in Business Administration from San Diego State University.
There were no arrangements or understandings between Ms. Tomich-Litz and any other person pursuant to which Ms. Tomich-Litz was selected as an executive officer. There are no family relationships between Ms. Tomich-Litz and any of our directors and executive officers. Except as described below, there are no transactions between Ms. Tomich-Litz and American Technology Corporation in which Ms. Tomich-Litz has a direct or indirect material interest which we are required to report.
Ms. Tomich-Litz's employment is terminable at-will by us or by Ms. Tomich-Litz for any reason, with or without notice. Ms. Tomich-Litz's annual salary is $157,500, and she participates in bonus, benefit and other incentives at the discretion of the compensation committee of our board of directors. Management has agreed to recommend that Ms. Tomich-Litz be granted an option to purchase 100,000 shares of common stock at the next meeting of the Compensation Committee. |
