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Form 8-K for VAPOR CORP.


19-Apr-2016

Change in Directors or Principal Officers

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.(a) On April 12, 2016, Daniel MacLachlan, a member of the Board of Directors (the “Board”) of Vapor Corp. (the “Company”), informed the Board of his decision to resign from the Board, effective immediately. Mr. MacLachlan’s resignation was not due to any disagreement with the Company on any matters relating to the Company’s operations, policies or practices.

(b) On April 15, 2016, William Conway III, a member of the Board, informed the Board of his decision to resign from the Board, effective immediately. Mr. Conway’s resignation was not due to any disagreement with the Company on any matters relating to the Company’s operations, policies or practices.

(c) The Board appointed Anthony Panierello, M.D. to serve on the Board, effective as of April 15, 2016. Dr. Panierello, age 57, is a pulmonologist in Miami, Florida. The Board also appointed Clifford J. Friedman to serve on the Board, effective as of April 15, 2016. Mr. Friedman, age 54, is a certified public accountant in Coral Springs, Florida. Dr. Panierello and Mr. Friedman are each expected to serve on the Compensation Committee and the Audit Committee of the Board.

Dr. Panierello and Mr. Friedman will receive the same compensation as other non-employee directors as described in the Company’s most recent Form 10-K under “Director Compensation.” There is no arrangement or understanding between either Dr. Panierello and Mr. Friedman and any other persons pursuant to which he was selected as a director. Neither Dr. Panierello nor Mr. Friedman has any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. Each of Dr. Panierello and Mr. Friedman will enter into the standard Company director indemnification agreement as the existing Company directors, whereby the Company agrees to indemnify, defend and hold its directors harmless from and against losses and expenses incurred as a result of their board service, subject to the terms and conditions provided in the agreement.


MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
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