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Related Party Balances and Transactions
12 Months Ended
Dec. 31, 2014
Related Party Transactions [Abstract]  
Related Party Balances and Transactions

NOTE 17—RELATED PARTY BALANCES AND TRANSACTIONS

 

(a) The Company paid consulting and other fees to directors of $266 and $122 for each of the years ended December 31, 2013 and 2014, respectively, all of which are included in Selling, general and administrative expenses.

 

(b) The Company recorded legal fees for services rendered and out-of-pocket disbursements to a firm in which a principal is the son-in-law of one of the Company’s former Directors, of approximately $199 and $280 for the years ended December 31, 2013 and 2014, respectively. No amounts were owed to this firm as of December 31, 2013 and $115 was owed at December 31, 2014.

 

(c) Effective January 2013, OmniMetrix hired Chris Gropp as its Chief Information Officer, at an annual salary of $185 plus customary benefits afforded other OmniMetrix senior employees. Mr. Gropp also received a signing bonus of $25. Mr. Gropp was selected for his position by OmniMetrix’s President and CEO based upon his qualifications and interview results following a competitive recruitment process. His appointment was also ratified in February, 2013 by the OmniMetrix Board of Managers. Mr. Gropp is the brother-in-law of the Company’s CEO, John Moore. Mr. Gropp’s salary in 2014 was $185.

 

See Note 14(e) for information related to options and stock awards to directors and officers.