<SEC-DOCUMENT>0001354488-12-003531.txt : 20120712
<SEC-HEADER>0001354488-12-003531.hdr.sgml : 20120712
<ACCEPTANCE-DATETIME>20120712172727
ACCESSION NUMBER:		0001354488-12-003531
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20120706
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:		20120712
DATE AS OF CHANGE:		20120712

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:		12959897

	BUSINESS ADDRESS:	
		STREET 1:		500 PERIMETER PARK DRIVE
		STREET 2:		SUITE D
		CITY:			MORRISVILLE
		STATE:			NC
		ZIP:			27560
		BUSINESS PHONE:		9194611600

	MAIL ADDRESS:	
		STREET 1:		500 PERIMETER PARK DRIVE
		STREET 2:		SUITE D
		CITY:			MORRISVILLE
		STATE:			NC
		ZIP:			27560

	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
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<DESCRIPTION>CURRENT REPORT
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">CURRENT REPORT</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Item 5.02 &#8212; Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">On July 6, 2012, Andre M. Boisvert was appointed as a member of the Board of Directors of Issuer Direct Corporation (the &#8220;Company&#8221;).</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In addition to his role with the Company, Mr. Boisvert is currently Chairman of Palamida Corporation, the leader in software composition analysis for intellectual property and security risk management. Mr. Boisvert also serves as Vice Chairman of River Logic, Inc., a leader in advance and predictive analytics, and as a Director of Clario Analytics, Inc., a cloud-based marketing analytics solutions company, and Transera Communications Inc., a cloud based adaptive customer engagement solutions company.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mr. Boisvert additionally serves on the Board of Directors of London-based Emailvision Inc., a leader in email and social marketing; and Portland based Webtrends Inc., a global leader in digital marketing optimization and relevance.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In March 2002, Mr. Boisvert joined the Board of Directors of VA Software Inc., the creator and owner of SourceForge, the largest worldwide repository of open source projects. During his four-year term as a director of VA Software, Boisvert developed extensive knowledge of open source projects and their ability to solve real-world problems that had previously been addressed exclusively through expensive proprietary software solutions.&#160;&#160;This experience led Boisvert to co-found Pentaho Corporation, the world&#8217;s most popular commercial open source business intelligence platform, in October 2004. Boisvert later became an investor, advisor, and/or director of several other leading commercial open source companies, including Revolution Analytics Inc.; Zenoss Corporation; and Infobright Inc.&#160;&#160;Mr. Boisvert also served as Chairman of UBmatrix Inc., from February 2007 through June 2010 when UB Matrix, Inc. was acquired by Edgar Online, Inc.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">There are no related party transactions reportable under Item 5.02 of Form 8-K and Item 404(a) of Regulation S-K.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Compensatory Arrangements</font></div>

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<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mr. Boisvert will earn a monthly retainer of $2,000 month for each month he is a member of the Board of Directors.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Exhibit 99.1</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Andre M. Boisvert Joins Issuer Direct Corporation Board of Directors</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">MORRISVILLE, North Carolina</font>, July 10, 2012 (GLOBE NEWSWIRE) -- <font style="DISPLAY: inline; TEXT-DECORATION: underline">Issuer Direct Corporation</font> (OTCBB:<font style="DISPLAY: inline; TEXT-DECORATION: underline">ISDR</font>), a market leader and innovator of <font style="DISPLAY: inline; FONT-WEIGHT: bold">disclosure management solutions</font> and <font style="DISPLAY: inline; FONT-WEIGHT: bold">cloud&#8211;based compliance technologies</font>, today announced that <font style="DISPLAY: inline; FONT-WEIGHT: bold">Andre M. Boisvert</font> has joined the Company&#8217;s Board of Directors.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#8220;Andre brings over 30 years of senior management experience to our Board of Directors and is recognized worldwide as an innovative leader in the technology field,&#8221; stated Brian Balbirnie, Chief Executive officer of Issuer Direct Corporation. &#8220;Having founded, managed and served on the Boards of numerous high-tech companies, we are both excited and confident that Andre will contribute to our overall growth strategy and the commercialization of our disclosure management platform for compliance professionals.&#8220;</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Balbirnie went on to say, &#8220;In Parallel with Andre&#8217;s appointment, we are evaluating an equity placement that will strengthen our balance sheet and accelerate our acquisition strategy. We believe the industry is prime for further consolidation and we are committed to continuing to be a market leader in the disclosure management space &#8221;.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Boisvert launched his career in the technology field when he joined <font style="DISPLAY: inline; FONT-WEIGHT: bold">IBM</font> (NYSE: IBM) in 1976.&#160;&#160;During his 13-year tenure with IBM, he held senior management positions in sales, marketing and research &amp; development.&#160;&#160;After leaving IBM, Boisvert held executive positions with some of the most respected software companies in the industry, including <font style="DISPLAY: inline; FONT-WEIGHT: bold">Cognos Corporation</font> and <font style="DISPLAY: inline; FONT-WEIGHT: bold">Oracle Corporation</font> (NASDAQ: ORCL), where he served as Senior Vice President of Worldwide Marketing and was a member of Oracle&#8217;s management committee.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In 2000, Boisvert joined Cary NC based <font style="DISPLAY: inline; FONT-WEIGHT: bold">SAS Institute</font>, <font style="DISPLAY: inline; FONT-WEIGHT: bold">Inc.</font>, the world&#8217;s largest privately-held software company (current revenue exceeds $2.5 billion annually), as President and Chief Operating Officer, with the mission of bringing the company public.&#160;&#160;When plans for an IPO were abandoned in 2001, he followed one of SAS Institute Inc.&#8217;s &#8217; investments by joining NASDAQ-listed <font style="DISPLAY: inline; FONT-WEIGHT: bold">Sagent Technologies, Inc</font>. as Chairman and Chief Executive Officer. In April 2004, Mr. Boisvert successfully completed the sale of Sagent Technologies to NASDAQ-listed <font style="DISPLAY: inline; FONT-WEIGHT: bold">Group 1 Software, Inc.</font></font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In March 2002, Boisvert joined the Board of Directors of NASDAQ listed <font style="DISPLAY: inline; FONT-WEIGHT: bold">VA Software Inc.</font>, the creator and owner of SourceForge, the largest worldwide repository of open source projects. During his four-year term as a director of VA Software, Boisvert developed extensive knowledge of open source projects and their ability to solve real-world problems that had previously been addressed exclusively through expensive proprietary software solutions.&#160;&#160;This experience led Boisvert to co-found <font style="DISPLAY: inline; FONT-WEIGHT: bold">Pentaho Corporation</font>, the world&#8217;s most popular commercial open source business intelligence platform, in October 2004. Boisvert later became an investor, advisor, and/or director of several other leading commercial open source companies, including <font style="DISPLAY: inline; FONT-WEIGHT: bold">Revolution Analytics Inc</font>.; <font style="DISPLAY: inline; FONT-WEIGHT: bold">Zenoss Corporation</font>; and <font style="DISPLAY: inline; FONT-WEIGHT: bold">Infobright Inc</font>.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In February 2007, Boisvert was appointed Chairman of <font style="DISPLAY: inline; FONT-WEIGHT: bold">UBmatrix Inc</font>., where he worked closely with the &#8220;father&#8221; of XBRL, Charles Hoffman. In June 2010, UBmatrix Inc. was acquired by NASDAQ listed <font style="DISPLAY: inline; FONT-WEIGHT: bold">Edgar Online Inc.</font> (NASDAQ: EDGR). In May 2012, Edgar Online announced it was to be acquired by <font style="DISPLAY: inline; FONT-WEIGHT: bold">RR Donnelly</font> (NASDAQ: RRD). &#8220;As XBRL (e<font style="DISPLAY: inline; FONT-WEIGHT: bold">X</font>tensible <font style="DISPLAY: inline; FONT-WEIGHT: bold">B</font>usiness <font style="DISPLAY: inline; FONT-WEIGHT: bold">R</font>eporting <font style="DISPLAY: inline; FONT-WEIGHT: bold">L</font>anguage) becomes the de facto underpinning technology mandated by regulators around the world, I see a great opportunity for Issuer Direct to grow its footprint in the disclosure and compliance marketplace&#8221;, stated Boisvert.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Boisvert is currently Chairman of <font style="DISPLAY: inline; FONT-WEIGHT: bold">Palamida Corporation</font>, the leader in software composition analysis for intellectual property and security risk management. Boisvert also serves as Vice Chairman of <font style="DISPLAY: inline; FONT-WEIGHT: bold">River Logic, Inc</font>., a leader in advance and predictive analytics, and as a Director of <font style="DISPLAY: inline; FONT-WEIGHT: bold">Clario Analytics, Inc</font>., a cloud-based marketing analytics solutions company and <font style="DISPLAY: inline; FONT-WEIGHT: bold">Transera Communications Inc</font>., a cloud based adaptive customer engagement solutions company.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Issuer Direct Corporation ("IDC") is a market leader and innovator of disclosure management solutions and cloud&#8211;based compliance technologies. With a focus on corporate issuers, the Company alleviates the complexity of maintaining compliance with its integrated portfolio of products and services that enhance companies' ability to efficiently produce and distribute their financial and business communications both online and in print.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). Statements preceded by, followed by or that otherwise include the words "believe," "anticipate," "estimate," "expect," "intend," "plan," "project," "prospects," "outlook," and similar words or expressions, or future or conditional verbs such as "will," "should," "would," "may," and "could" are generally forward-looking in nature and not historical facts. These forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company&#8217;s actual results, performance or achievements to be materially different from any anticipated results, performance or achievements. The Company disclaims any intention to, and undertakes no obligation to, revise any forward-looking statements, whether as a result of new information, a future event, or otherwise. For additional risks and uncertainties that could impact the Company&#8217;s forward-looking statements, please see the Company's Annual Report on Form 10-K for the year ended December 31, 2011, including but not limited to the discussion under "Risk Factors" therein, which the Company has filed with the SEC and which may be viewed at http://www.sec.gov.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Issuer Direct Corporation</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Brian R. Balbirnie</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">919-481-4000</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; TEXT-DECORATION: underline">brian.balbirnie@issuerdirect.com</font></font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">or</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">RJ Falkner &amp; Company, Inc.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Investor Relations Counsel</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">830.693.4400</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; TEXT-DECORATION: underline">info@rjfalkner.com</font></font></div>

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