Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 5, 2008, Creative Vistas, Inc. (the "Company") announced the appointment of Dominic Burns, President of the Company, to the additional position of Chief Executive Officer. Mr. Burns' appointment follows the resignation of Sayan Navaratnam from the position of Chief Executive Officer, also effective May 5, 2008. Mr. Navaratnam who had been both Chief Executive Officer and Chairman, will remain as Chairman.
Mr. Burns, age 48, has over 20 years of experience in the security integration industry. Mr. Burns founded AC Technical Systems Ltd. in 1991, which later became one of Creative Vistas' core business units, and he has been president of AC Technical since then. He has designed a number of internal technical and marketing programs to expand AC Technical's sales and capabilities. Burns has also served on Creative Vistas' Board of Directors since September 2004. Mr. Burns is a graduate of Northern Ireland's Belfast College of Technology and also holds radio and navigation licenses.
There are no arrangements between Mr. Burns and any other person pursuant to which Mr. Burns was selected as Chief Executive Officer, nor are there any transactions to which the Company was or is a participant and in which Mr. Burns has a material interest subject to disclosure under Item 404(a) of Regulation S-K.
Mr. Burns has no family relationship with any director or executive officer which would otherwise be subject to disclosure under this Item 5.02.
Item 9.01 Financial Statements and Exhibits.
The following exhibits are filed with this Form 8-K:
Exhibit Description
99.1 Press Release dated May 5, 2008.
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