Unassociated Document
United
States Securities And Exchange Commission
Washington,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Date
of Report (Date of Earliest Event Reported): July 22,
2010
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IVEDA
CORPORATION
(Exact
name of registrant as specified in its charter)
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Nevada
(State
or other jurisdiction
of
incorporation)
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000-53285
(Commission
File
Number)
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98-0611159
(IRS
Employer
Identification
No.)
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1201 South Alma School Road,
Suite 4450, Mesa, Arizona 85210
(Address
of principal executive offices) (Zip Code)
(480)
307-8700
(Registrant's
telephone number)
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:
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
5.02.
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Departure
of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain
Officers
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(b) On
July 22, 2010, Robert Brilon, Interim Chief Financial Officer and Treasurer of
Iveda Corporation (the “Company”), resigned from his positions with the Company
and its wholly-owned subsidiary, IntelaSight, Inc., effective
immediately. There was no disagreement between Mr. Brilon and the
Company at the time of Mr. Brilon’s resignation. Mr. Brilon will
remain as an employee through August 2, 2010, and will continue to assist the
Company on a contract basis at the Company’s sole discretion.
(c) On
July 22, 2010, Steven G. Wollach, age 56, was appointed Chief Financial Officer
of the Company. Mr. Wollach’s employment is at-will. He
will receive a salary of $85,000 per year and 200,000 stock options to purchase
Company stock, as approved by the Company’s Board of Directors. Upon
approval by the Board of Directors at the next meeting of the Board of
Directors, Mr. Wollach will also serve as Treasurer of the
Company. From 2000 until just prior to joining the Company, Mr.
Wollach provided services to both private and public companies as principal of
SW Enterprises, including strategic planning, corporate finance, SEC filings,
business development, raising capital, financial statement preparation and
reporting, business development, investor relations and mergers and
acquisitions. Mr. Wollach served as Chairman, CEO, and CFO for
Interactive Objects, Inc. (OBJX.OTC.BB), a developer of modular software
development tools and componentized application frameworks, from 1997 to
2000. His career in finance started working for National Big 5
CPA firms from 1974 to 1984. From 1984 to 1994, Mr. Wollach held
sales positions at various companies: National Sales Manager for
Fukuda Denshi America Corp. from 1992 to 1994; Sales Manager for Eastside
Medical Laboratories from 1988 to 1992; Sales Representative for
Spacelabs/Interspec from 1984 to 1988. Mr. Wollach went back to
finance as the Principal of Venture Fund Analyst from 1994 to 1997.
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.
Dated: July
26, 2010
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Iveda
Corporation, a Nevada corporation
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By:
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/s/
LUZ A. BERG |
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Luz
A. Berg, Corporate Secretary
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