Regardless of any specific issue triggering Gauger’s leaving BSD Medical, my speculation is that Mr. Gauger simply does not have sufficient credentials and experience for BSD Medical’s expanding operations – see the following. It appears to me that Mr. Gauger has had a successful career as sort of a journeyman CFO, but one that has not provided him with what BSD Medical needs for its future. There is nothing in this move that suggests “trouble” at BSD Medical -- they are just preparing for the next stage for the company, which is expected to be very rapid, continued growth.
From the current 10K:
Dennis P. Gauger, CPA (Chief Financial Officer / Secretary), has served as Chief Financial Officer since May 2007 and was appointed Secretary in November 2008. Mr. Gauger is a licensed Certified Public Accountant in Utah and Nevada, and served on a part-time basis prior to his full time employment on April 21, 2009. Mr. Gauger has served other publicly held companies as a part-time, contract chief financial officer, including the following: from April 2004 until November 2008, Mr. Gauger served as Chief Financial Officer for Cimetrix Incorporated, a publicly held software company; from December 2006 until November 2008, Mr. Gauger served as Chief Financial Officer for Golden Phoenix Minerals, Inc., a publicly held mining company; from January 2004 until January 2008, Mr. Gauger served as a director, Chief Financial Officer and Secretary for Groen Brothers Aviation, Inc., a publicly held aviation company; and from November 2001 until March 2007, Mr. Gauger served as Chief Financial Officer for Nevada Chemicals, Inc., a publicly held chemical supply company to the gold mining industry. Additionally, over the past ten years, he has served several public and private companies in a variety of industries as a part-time, contract financial executive, corporate troubleshooter and consultant. Previously, Mr. Gauger worked for Deloitte & Touche LLP, an international accounting and consulting firm, for 22 years, including 9 years as an accounting and auditing partner. He is a member of the American Institute of Certified Public Accountants and the Utah Association of Certified Public Accountants. |
