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POSITIVEID CORP FILES (8-K) Disclosing Change in Directors or Principal Officers, Other Events, Financial Statements and Exhibits(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. Effective April 16, 2014, Lyle L. Probst, was appointed President of PositiveID Corporation (the "Company"). Mr. Probst, age 43, who has 15 years of management experience with large bio-detection programs and products, joined PositiveID in 2011 at the time that PositiveID acquired Microfluidic Systems, based in Pleasanton, CA. Before joining Microfluidic Systems, Mr. Probst directed bio-detection programs at Lawrence Livermore National Laboratory ("LLNL"). While he was at LLNL, he managed a series of programs such as the Department of Homeland Security Science & Technology BAND (Bioagent Autonomous Networked Detector) program, and the development and deployment of BioWatch Generation 1 at LLNL, and was principal investigator/developer of the high-throughput BioWatch mobile laboratory at SAIC. Mr. Probst was previously the Director of Capillary Electrophoresis and Director of Chemistries at the Joint Genome Institute. He holds a B.S. in Biology and an M.B.A in Executive Management. Family Relationships No family relationship has ever existed between Mr. Probst and the Company. Related Party Transactions There are no related party transactions reportable under Item 5.02 of Form 8-K and Item 404(a) of Regulation S-K. Compensation Mr. Probst and the Company have not entered into an employment agreement as a result of Mr. Probsts's appointment as the President of the Company. Mr. Probst's base salary is $200,000 per year. Item 8.01 Other Events On April 21, 2014, the Company issued a press release announcing the appointment of Mr. Probst, a copy of which is attached to this Report as Exhibit 99.1. Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 99.1 Press Release dated April 21, 2014 announcing Mr. Probst's appointment as PositiveID Corporation's President 2 |