EDIG was outsourcing accounting services until MarDee became an employee, in fact she was one of them, then came on board as Chief Accounting Officer at a minimum of 24 hours/week, as an hourly employee @ $65/hour (I think this is correct). If 48 weeks/year is used, this = $74,880/year. Keep in mind this is a gauranteed minimum.

She then became an exempt employee (I don't know what EDIG's benefit pkg is?), promoted to CFO, requiring a minimum of 28 hours/week at a flat $98,000/year and some stock options. This amounts to $72.90/hour if she works no more that 28 hours/week.

This is San Diego, lived here 30 years, and the going rate for a quality accountant at a mid size to large firm commands a higher salary, but for an EDIG to me this is about right.

Here's the background from the management tab at left that I entered when she became an hourly employee then the CFO update.

MarDee Haring-Layton

Principal Accounting Officer

On January 26, 2011 MarDee Haring-Layton was appointed Principal Accounting Officer. Since July 2010 Ms. Haring-Layton, age 35, has been a part-time consulting accountant for the Company. Since January 2007 she has been a consultant with Resources Global Professionals, a multinational professional services firm. From October 2005 to December 2006 she was Corporate Audit Manager at Royale Energy, Inc. and previously was employed by Charlotte Russe, Inc. as Systems Control & Reporting Manager and Deloitte & Touche, LLP as an audit professional. Ms. Haring-Layton obtained a B.S. in Business Administration from San Diego State University in 2003.

UPDATE:

6-Dec-2011

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

Effective on December 5, 2011, MarDee Haring-Layton was appointed Chief Financial Officer of e.Digital Corporation (the "Company"). Ms. Haring-Layton has served as the Company's Principal Accounting Officer on a consulting basis since January 26, 2011. Since July 2010 Ms. Haring-Layton, age 35, has been a part-time consulting accountant for the Company. From January 2007 through December 2010 she was a consultant with Resources Global Professionals, a multinational professional services firm. From October 2005 to December 2006 she was Corporate Audit Manager at Royale Energy, Inc. and previously was employed by Charlotte Russe, Inc. as Systems Control & Reporting Manager and Deloitte & Touche, LLP as an audit professional. Ms. Haring-Layton obtained a B.S. in Business Administration from San Diego State University in 2003

Last changed at 06-Dec-2011 10:07AM