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<SEC-DOCUMENT>0001354488-09-002303.txt : 20091211
<SEC-HEADER>0001354488-09-002303.hdr.sgml : 20091211
<ACCEPTANCE-DATETIME>20091211154202
ACCESSION NUMBER:		0001354488-09-002303
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20091208
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20091211
DATE AS OF CHANGE:		20091211

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ISSUER DIRECT CORP
		CENTRAL INDEX KEY:			0000843006
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMERCIAL PRINTING [2750]
		IRS NUMBER:				261331503
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10185
		FILM NUMBER:		091236191

	BUSINESS ADDRESS:	
		STREET 1:		201 SHANNON OAKS CIRCLE
		STREET 2:		SUITE 105
		CITY:			CARY
		STATE:			NC
		ZIP:			27511
		BUSINESS PHONE:		9194611600

	MAIL ADDRESS:	
		STREET 1:		201 SHANNON OAKS CIRCLE
		STREET 2:		SUITE 105
		CITY:			CARY
		STATE:			NC
		ZIP:			27511

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DOCUCON INC
		DATE OF NAME CHANGE:	20071002

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DOCUCON INCORPORATED
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>isdr_8k.htm
<DESCRIPTION>8-K
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>United States Securities & Exchange Commission EDGAR Filing</TITLE>
<META NAME="author" CONTENT="Brian">
<META NAME="date" CONTENT="12/11/2009">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<P style="margin:0px" align=right><BR></P>
<P style="margin-top:0px; margin-bottom:2.2px; padding-bottom:4px; border-bottom:4px solid #000000" align=right>&nbsp;</P>
<P style="margin:0px; padding-top:4px; border-top:1.333px solid #000000" align=right>&nbsp;</P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=center><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=center><B>Washington, D.C. 20549</B></P>
<P style="line-height:12.5pt; margin-top:3.533px; margin-bottom:3.533px; font-size:10.5pt" align=center><B><SUP>______________</SUP></B></P>
<P style="line-height:18pt; margin-top:21.333px; margin-bottom:0px; font-size:16pt" align=center><B>FORM 8-K</B></P>
<P style="line-height:12.5pt; margin-top:3.533px; margin-bottom:3.533px; font-size:10.5pt" align=center><B><SUP>______________</SUP></B></P>
<P style="line-height:16pt; margin-top:24.867px; margin-bottom:0px; font-size:14pt" align=center><B>CURRENT REPORT</B></P>
<P style="margin:0px" align=center><B>Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934</B></P>
<P style="margin-top:17.8px; margin-bottom:0px" align=center><B>Date of Report (Date of earliest event reported): December 8, 2009</B></P>
<P style="line-height:12.5pt; margin-top:3.533px; margin-bottom:3.533px; font-size:10.5pt" align=center><B><SUP>______________</SUP></B></P>
<P style="line-height:20pt; margin-top:14.2px; margin-bottom:0px; font-family:Times New Roman Bold; font-size:18pt" align=center><B>Issuer Direct Corporation</B></P>
<P style="line-height:10pt; margin:0px; font-size:8pt" align=center><I>(Exact name of registrant as specified in its charter)</I></P>
<P style="line-height:12.5pt; margin-top:3.533px; margin-bottom:3.533px; font-size:10.5pt" align=center><B><SUP>______________</SUP></B></P>
<P style="margin:3.533px" align=center><BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=208.133></TD><TD width=207.933></TD><TD width=207.933></TD></TR>
<TR><TD valign=top width=208.133><P style="margin:0px" align=center><B>Delaware</B></P>
</TD><TD valign=top width=207.933><P style="margin:0px" align=center><B>1-10185</B></P>
</TD><TD valign=top width=207.933><P style="margin:0px" align=center><B>26-1331503</B></P>
</TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><I>(State or other jurisdiction</I></P>
</TD><TD valign=top width=207.933><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><I>(Commission</I></P>
</TD><TD valign=top width=207.933><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><I>(I.R.S. Employer</I></P>
</TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><I>of incorporation)</I></P>
</TD><TD valign=top width=207.933><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><I>File Number)</I></P>
</TD><TD valign=top width=207.933><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><I>Identification No.)</I></P>
</TD></TR>
</TABLE>
<P style="margin-top:13.333px; margin-bottom:0px" align=center><B>201 Shannon Oaks Circle Suite 105, Cary North Carolina 27511</B></P>
<P style="line-height:10pt; margin:0px; font-size:8pt" align=center><I>(Address of principal executive offices) (Zip Code)</I></P>
<P style="line-height:normal; margin-top:10.667px; margin-bottom:0px; font-size:8pt" align=center>Registrant&#146;s telephone number, including area code <FONT style="font-size:10pt"><B>(919) 481-4000</B></FONT></P>
<P style="margin-top:17.8px; margin-bottom:0px" align=center><B>N/A</B></P>
<P style="line-height:10pt; margin:0px; font-size:8pt" align=center><I>(Former name or former address, if changed since last report)</I></P>
<P style="margin-top:8.867px; margin-bottom:0px">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>
<P style="margin-top:8.867px; margin-bottom:0px; font-family:Wingdings">&#168;<FONT style="font-family:Times New Roman"> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P>
<P style="margin-top:8.867px; margin-bottom:0px; font-family:Wingdings">&#168;<FONT style="font-family:Times New Roman"> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>
<P style="margin-top:8.867px; margin-bottom:0px; font-family:Wingdings">&#168;<FONT style="font-family:Times New Roman"> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>
<P style="margin-top:8.867px; margin-bottom:0px; font-family:Wingdings">&#168;<FONT style="font-family:Times New Roman"> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:2.2px; padding-bottom:4px; border-bottom:1.333px solid #000000">&nbsp;</P>
<P style="margin:0px; padding-top:4px; border-top:4px solid #000000">&nbsp;</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin-top:0px; margin-bottom:8.867px; padding-left:72px; text-indent:-72px; page-break-before:always"><B>Item 5.02 &#151; Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</B></P>
<P style="margin-top:0px; margin-bottom:8.867px">Effective December 10, 2009, the Board of Directors of Issuer Direct Corporation (the &#147;Company&#148;) appointed Wesley Pollard, CPA to serve as the Company new Chief Financial Officer.</P>
<P style="margin-top:0px; margin-bottom:8.867px">Prior to joining the Company, Mr. Pollard served Digital Lifestyle Outfitters (DLO) as Vice President of Finance from July 2006 through May 2009 &#150; DLO was acquired by Philips Electronics of North America in mid 2009, post acquisition Mr. Pollard held the position of Head of Finance. Prior to DLO &#150; Mr. Pollard served as Controller for Tekelec, Inc. from June 2005 to June 2006 and Director of Finance for BioStream, Inc from June 2001 through June 2005. Mr. Pollard also assisted Home Director a former division of IBM from June 2000 to June 2001 as the Corporate Controller. From December 1999 to June 200 Mr. Pollard also served as the Director of SEC and Financial reporting for BuildNet, Inc. Mr. Pollard also spent five years at PriceWaterhouseCoopers, LLP. Mr. Pollard is a Certified Public Accountant and holds his Master of Accounting from the University of North Carolina.</P>
<P style="margin-top:0px; margin-bottom:8.867px">The Company received notice by Mrs. Jones who was our acting Chief Financial Officer of her intent to resign on or before December 21, 2009. Mrs. Jones resignation was not related to any disagreement with the Company, its operations, accounting or reporting practices.</P>
<P style="margin-top:0px; margin-bottom:8.867px">On December 8, 2009, Jim Learish resigned from the Board of Directors of Issuer Direct Corporation (the &#147;Company&#148;), effective immediately. Mr. Learish was also our former President until January 9, 2009, when he resigned his position. Mr. Learish&#146;s resignation is not related to any disagreement with the Company its operations, policies or practices. A copy of Mr. Learish&#146;s letter is attached as exhibit 17.1 to this Current Report on Form 8-K.</P>
<P style="margin-top:0px; margin-bottom:8.867px; padding-left:72px; text-indent:-72px"><B>Item 9.01 &#151; Financial Statements and Exhibits </B></P>
<P style="margin-top:0px; margin-bottom:8.867px">(d) Exhibits:</P>
<TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=53.333></TD><TD width=6.667></TD><TD width=626.4></TD></TR>
<TR><TD valign=top width=53.333><P style="margin:0px" align=center><A HREF="isdr_ex171.htm"><U>17.1</U></A></P>
</TD><TD valign=top width=6.667><P>&nbsp;</P></TD><TD valign=top width=626.4><P style="margin:0px">Jim Learish Resignation Letter dated December 8, 2009.</P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR>
<BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=center><B>SIGNATURES</B></P>
<P style="margin-top:8.867px; margin-bottom:0px">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.</P>
<P style="margin-top:9.8px; margin-bottom:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=333.733></TD><TD width=29.933></TD><TD width=260.333></TD></TR>
<TR><TD valign=top width=333.733><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=top width=290.267 colspan=2><P style="margin:0px"><B>Issuer Direct Corporation</B></P>
</TD></TR>
<TR><TD valign=top width=333.733><P>&nbsp;</P></TD><TD valign=top width=29.933><P>&nbsp;</P></TD><TD valign=top width=260.333><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=333.733><P>&nbsp;</P></TD><TD valign=top width=29.933><P>&nbsp;</P></TD><TD valign=top width=260.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=333.733><P>&nbsp;</P></TD><TD valign=top width=29.933><P style="margin:0px">By: </P>
</TD><TD style="border-bottom:1px solid #000000" valign=top width=260.333><P style="line-height:normal; margin:0px">/s/ B<FONT style="font-size:6pt">RIAN</FONT> R. B<FONT style="font-size:6pt">ALBIRNIE</FONT></P>
</TD></TR>
<TR><TD valign=top width=333.733><P>&nbsp;</P></TD><TD valign=top width=29.933><P>&nbsp;</P></TD><TD valign=top width=260.333 rowspan=2><P style="margin:0px">Brian R. Balbirnie</P>
<P style="margin:0px">Chief Executive Officer </P>
</TD></TR>
<TR><TD valign=top width=333.733><P>&nbsp;</P></TD><TD valign=top width=29.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=333.733><P>&nbsp;</P></TD><TD valign=top width=29.933><P>&nbsp;</P></TD><TD valign=top width=260.333><P>&nbsp;</P></TD></TR>
</TABLE>
<P style="margin-top:8.867px; margin-bottom:0px">Date: December 11, 2009</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR>
<BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><BR></P>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-17.1
<SEQUENCE>2
<FILENAME>isdr_ex171.htm
<DESCRIPTION>RESIGNATION LETTER
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>United States Securities & Exchange Commission EDGAR Filing</TITLE>
<META NAME="author" CONTENT="jlearish">
<META NAME="date" CONTENT="12/11/2009">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<P style="line-height:14pt; margin:0px; font-size:12pt" align=right><B>Exhibit 17.1</B></P>
<P style="line-height:14pt; margin:0px; font-size:12pt">James M. Learish</P>
<P style="margin-top:0px; margin-bottom:32px"><BR></P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:32px; font-size:12pt">December 8, 2009</P>
<P style="line-height:14pt; margin:0px; font-size:12pt">Brian R. Balbirnie</P>
<P style="line-height:14pt; margin:0px; font-size:12pt">CEO</P>
<P style="line-height:14pt; margin:0px; font-size:12pt">Issuer Direct Corporation</P>
<P style="line-height:14pt; margin:0px; font-size:12pt">201 Shannon Oaks Circle</P>
<P style="line-height:14pt; margin:0px; font-size:12pt">Cary, NC 27518</P>
<P style="line-height:14pt; margin-top:32px; margin-bottom:16px; font-size:12pt">Dear Brian Balbirnie:</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:16px; font-size:12pt">It is with regret that I tender my resignation from the Issuer Direct Corporation board of directors, effective immediately.</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:16px; font-size:12pt">I am grateful for having had the opportunity to serve on the board of this fine organization for the past 2 years, and I offer my best wishes for its continued success.</P>
<P style="line-height:14pt; margin:0px; font-size:12pt">Sincerely,</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="line-height:14pt; margin:0px; font-size:12pt">/s/ James M. Learish</P>
<P style="line-height:14pt; margin:0px; font-size:12pt">James M. Learish</P>
<P style="line-height:14pt; margin:0px; font-size:12pt">Director</P>
<P style="margin:0px"><BR>
<BR></P>
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