On August 5, 2016, Amy E. McGuire notified SofTech, Inc. (the Company) of her intention to resign from her position of Chief Financial Officer, effective immediately, to accept a similar position at another company. Ms. McGuire has agreed to assist the Company in a part time advisory role during an undefined transition period. In exchange for her transition services, Ms. McGuire will receive an advisory fee of $100.00 per hour.
The Company has begun the process of identifying Ms. McGuires successor. Joseph P. Mullaney, the Companys President and Chief Executive Officer, will assume the duties of the Companys principal financial officer on an interim basis until such time as the Company appoints a new Chief Financial Officer. Mr. Mullaney is 59 years old and has s erved as President and Chief Executive Officer of the Company since March 2011 (and also held such positions from June 2001 through December 2006). Mr. Mullaneys financial experience includes, from January 2007 through December 2007, serving as Chief Executive Officer and Chief Financial Officer of Boston Communications Group, Inc., during which time he led the repositioning of that troubled entity for a successful sale at double its then current market value. Mr. Mullaney has a BS from Stonehill College and an MBA from Northeastern University. The Company has contracted with Accounting Management Solutions to provide interim accounting services as it assesses its staffing needs.
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.
Date: August 11, 2016
Joseph P. Mullaney
Joseph P. Mullaney
Chief Executive Officer
makes a similar move, sign up!
Other recent filings from the company include the following: