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CDEX INC FILES (8-K) Disclosing Change in Directors or Principal Officers, 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 August 30, 2010, the CDEX INC. ("Company") (www.cdexinc.com) announces
that its Board of Directors appointed as members Messrs. Jeff Brumfield, Frank
Wren, Brain Jenkins, Thomas Payne and Robert H. Foglesong to the CDEX Board of
Directors, effective August 30, 2010.
Jeff Brumfield has been self employed running various businesses since 1982. Mr.
Brumfield currently owns and operates Access One Real Estate and Mortgage as the
Broker of record. Mr. Brumfield has owned and operated retail operations in the
high end men's fashion industry for roughly eight years with overall retail
experience of around ten years. Mr. Brumfield has been in the real estate
industry since 1991 where he has owned and operated a full service real estate
and mortgage firm. Mr. Brumfield has owned a real estate development firm, a
construction company that built custom and spec homes, as well as skate parks.
Mr. Brumfield has been on the Board of directors for the Boys and Girls Clubs of
the greater San Diego area, and has received many philanthropic awards in
connection with the Boys and Girls club. Mr. Brumfield has been an investor in
CDEX since 2004. "The primary skills that I believe I bring to the Company are
leadership and management skills, running a tight ship with a focus on keeping
the monthly expenditures to a minimum, and sales and marketing," said Brumfield.
"I am committed to turning this company around, and with the hand-picked Board
of Directors, the senior science team led by Dr. Wade Poteet reengaged in the
Company and some new direction that will be announced later, I am very enthused
about the future of CDEX INC."
The 2010 season marks Frank Wren's 11th with the Atlanta Braves and his third as
the Club's executive Vice President and General Manager. He was named to his
current post on October 11, 2007. Mr. Wren started his professional baseball
career as a center fielder in Montreal's minor league system in 1977. He reached
the Double-A level before retiring in 1982 and coached in the Expos' system from
1981 to 1984. Mr. Wren serves on the board of Landmark Christian Schools and he
has co-hosted the Southwest Christian Hospice - Jim Beauchamp Memorial Golf
Tournament since 2008. Mr. Wren is also a board member of the Foundation of
Molecular Medicine, which helps fund research in Mitochondrial diseases. Mr.
Wren was inducted into the Northeast High School Athletic Hall of Fame in
January 2009 and the Lakota High School Hall of Fame in March 2009.
Brian Michael Jenkins is a Senior Advisor to the President at the RAND
Corporation, is the author of Will Terrorists Go Nuclear (2008, Prometheus
Books) and of several RAND monographs, including Unconquerable Nation: Knowing
Our Enemy, Strengthening Ourselves (2006) and two 2002 reports on al Qaeda. He
formerly served as chair of the Political Science Department at RAND. Mr.
Jenkins was Commissioned in the infantry, and became a paratrooper and a captain
in the Green Berets. He is a decorated combat veteran, having served in the
Seventh Special Forces Group in the Dominican Republic and with the Fifth
Special Forces Group in Vietnam. He returned to Vietnam as a member of the Long
Range Planning Task Group and received the Department of the Army's highest
award for his service. In 1996, President Clinton appointed Jenkins to the White
House Commission on Aviation Safety and Security. From 1999 to 2000, he served
as advisor to the National Commission on Terrorism and in 2000 was appointed to
the U.S. Comptroller General's Advisory Board. He is a research associate at the
Mineta Transportation Institute, where he directs the continuing research on
protecting surface transportation against terrorist attacks. Jenkins has a B.A.
in fine arts and an M.A. in history, both from the University of California, Los
Angeles. He studied at the University of Guanajuato in Mexico and in the
Department of Humanities at the University of San Carlos in Guatemala, where he
was a Fulbright Fellow and recipient of a second fellowship from the
Organization of American States.
Thomas K. Payne is the owner of Thomas K. Payne Petroleum, Inc. Mr. Payne has
been an Independent Oil Producer continuously since 1980, active in drilling and
operating wells. In 1996 Mr. Payne started, owned and operated an Internet
Service Provider ("ISP") named The DOOR until 2004, when it was sold to Valor
Telecom. At the time of sale The DOOR was one of the largest wireless ISP's in
the country. Mr. Payne is active in real estate and vertical real estate
investments. Mr. Payne graduated in 1980 with a degree in Business Finance from
Texas Tech University.
--------------------------------------------------------------------------------Robert H. "Doc" Foglesong is the President and Executive Director of the
Appalachian Leadership and Education Foundation, a non-profit whose mission is
to identify, mentor, and enable young men and women from Appalachia who are
academically agile, have demonstrated leadership qualities, and are financially
challenged to become the next "greatest generation" of leaders for our
Nation. Prior to this endeavor, Foglesong was President of Mississippi State
University and a four star general in the United States Air Force. He has
accumulated over 35 years of public service running large, diverse organizations
around the globe. Foglesong has a PhD in Chemical Engineering, numerous
publications, many military and civilian awards and is active on a variety of
public and private Boards of Directors and committees of those Boards.
Also effective August 30, 2010, Messrs. Carmen Conicelli, Donald Strickland,
Gregory Firmbach and George Dials resigned their positions from the CDEX Board
of Directors. Additionally, Mr. Strickland resigned from his position as CDEX'
Chief Executive Officer and Mr. Firmbach resigned from his position as CDEX'
President.
Additionally, the Board of Directors elected Jeff Brumfield as the Chairman of
the Board and Chief Executive Officer.
The Director Compensation Plan was approved by the Board on August 30, 2010 and
is filed as Exhibit 99.1 to the Current Report on Form 8-K.
ITEM 9.01 Financial Statements and Exhibits.
(d) EXHIBITS
Exhibit No. Exhibit Description
99.1 BOARD OF DIRECTORS 2010 COMPENSATION PLAN
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