Post by icemandios on Dec 14, 2017 1:12:05 GMT
It should be intuitively obvious to the interested reader that DRNE is involved with military applications of their technology. Not exclusively (as far as one can foretell the future of seemingly civilian applications), but significant military involvement. And what better way than to secure MIC contracts than to enlist (pun intended) General ranked officers?
"Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Director Resignations and Appointments
On December 13, 2017 (the “Appointment Date”), the Board of Directors (the “Board”) of Drone Aviation Holding Corp. (the “Company”) appointed Tim Hoechst and John E. Miller to its Board to fill the vacancies resulting from the resignations of Wayne Jackson and Michael Haas from the Board on December 13, 2017. Mr. Hoechst was appointed to the Compensation Committee to act as its Chairman and to the Audit Committee as a member and Mr. Miller was appointed to the Compensation Committee as a member and to the Audit Committee to act as its Chairman.
Other than as disclosed herein, there are no understandings or arrangements between Messrs. Hoechst and Miller and any other persons pursuant to which they were selected as directors, and there are no transactions in which the Company was or is a participant and in which they had or will have a direct or indirect material interest that are required to be reported pursuant to Item 404(a) of Regulation S-K. "
www.sec.gov/Archives/edgar/data/1178727/000121390017013193/f8k121317_droneaviation.htm
"Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Director Resignations and Appointments
On December 13, 2017 (the “Appointment Date”), the Board of Directors (the “Board”) of Drone Aviation Holding Corp. (the “Company”) appointed Tim Hoechst and John E. Miller to its Board to fill the vacancies resulting from the resignations of Wayne Jackson and Michael Haas from the Board on December 13, 2017. Mr. Hoechst was appointed to the Compensation Committee to act as its Chairman and to the Audit Committee as a member and Mr. Miller was appointed to the Compensation Committee as a member and to the Audit Committee to act as its Chairman.
Other than as disclosed herein, there are no understandings or arrangements between Messrs. Hoechst and Miller and any other persons pursuant to which they were selected as directors, and there are no transactions in which the Company was or is a participant and in which they had or will have a direct or indirect material interest that are required to be reported pursuant to Item 404(a) of Regulation S-K. "
www.sec.gov/Archives/edgar/data/1178727/000121390017013193/f8k121317_droneaviation.htm