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Subsequent Event | 9 Months Ended
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Sep. 30, 2015
Subsequent Event [Abstract] |
Subsequent Event | (17) Subsequent Events On October 28, 2015, Avi N. Reichental stepped down as President and Chief Executive Officer and as a Director of the Company, effective at the close of business on October 28, 2015, by mutual agreement with the Company’s Board of Directors (the “Board”). Pursuant to the Company’s Amended and Restated By-Laws, effective upon Mr. Reichental’s resignation as a member of the Board, the Board decreased the size of the Board from 10 to 9 directors. On October 28, 2015, Andrew M. Johnson was appointed as the Company’s President and Chief Executive Officer on an interim basis (the “Interim President and Chief Executive Officer”) and will serve as the Company’s principal executive officer, effective upon Mr. Reichental’s departure on October 28, 2015. Mr. Johnson will also continue to serve as the Company’s Chief Legal Officer and Secretary. The Board also established an Executive Management Committee to provide ongoing leadership and to support companywide operations and strategic initiatives while it conducts a search for a permanent replacement of Mr. Reichental. The committee consists of Mr. Johnson, Mark Wright, David Styka and Charles Hull. Mr. Wright serves as our Chief Operating Officer, Mr. Styka serves as our Chief Financial Officer and Mr. Hull is our Co-founder, Director, Chief Technology Officer and Chairman of the Executive Management Committee.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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