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CEREPLAST INC FILES (8-K) Disclosing Change in Directors or Principal Officers
(Edgar Glimpses Via Acquire Media NewsEdge) Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On February 10, 2012, Michael Okada, age 43, was appointed as Vice President,
Chief Accounting Officer and Interim Chief Financial Officer of Cereplast, Inc.
(the "Company"). Mr. Okada has served as the Company's Corporate Controller
since April, 2011. From June, 2009 through February, 2011, Mr. Okada served as
Vice President, Finance and Corporate Controller of Mindspeed Technologies, Inc.
(MSPD - NasdaqGS), a fabless semiconductor company based in Newport Beach, CA.
Mr. Okada served as Interim Vice President of Financial Reporting from
September, 2008 through April, 2009 of American Apparel, Inc. (APP - Amex), a
publicly traded vertically integrated apparel company. Mr. Okada also served as
Chief Financial Officer and Treasurer of ExtruMed, LLC, a medical device
component manufacturer, from May, 2007 through August, 2008. Mr. Okada holds a
Bachelor of Science degree in Accounting from Santa Clara University and is a
CPA licensed in the state of California.
There is no family relationship between Mr. Okada and any of the Company's
directors or executive officers. Also, there is no arrangement or understanding
between Mr. Okada and any other person pursuant to which he was selected as an
officer.
On February 8, 2012, Heather Sheehan resigned as Chief Financial Officer of the
Company to accept another opportunity. Ms. Sheehan's resignation is effective as
of February 29, 2012. There were no disagreements relating to the Company's
operation, policies or practices between the Company and Ms. Sheehan that led to
her resignation.
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