Free
Message: WTF! $98,000 for a part-time job?

"BUT my next question is :Why the disclaimer regarding this employee NOT being a family member/related to any of the current board members?"

To satisfy the SEC.

This was an 8-K, thus is a material event.

Before MarDee came on board as a part-time 24 minimum guarantee in July, EDIG was out sourcing accounting services after Renee Warden quit. See below...

Renee Warden

Board Member

Ms. Warden joined e.Digital’s board of directors in 2005, where she currently heads the company’s audit committee. Renee Warden joined the Company as Accounting Manager in 1991. In 1997 Ms. Warden was appointed Controller and Corporate Secretary for the company and in 2003 was promoted to Chief Accounting Officer and Secretary. From 1993 to 2003 Ms. Warden also held the positions of Chief Accounting Officer, Secretary and Director of Human Resources for American Technology Corporation. In May of 2005 Ms. Warden resigned from her position as chief accounting officer and corporate secretary to take a financial position with another company. Ms. Warden obtained a B.S. degree in business accounting from the University of Phoenix in 1999.

Our out sourced accounting expenses have been there all along since May, 2005. So in July, 2011, due to settlement monies and increased accounting activities, EDIG brought on MarDee IN HOUSE, and her duties have expanded, she is a talented asset, thus made the CFO.

Ignore the salary figure, I see this as a positive step that the company feels the need for this position. It sends a good message in my book.

BTW, did not mean my reply to be picking on you (LOL) just did the math to support my point that this is a good thing.

Share
New Message
Please login to post a reply