UniPixel CEO resigns, shares -3.4% AH


UniPixel (UNXL) CEO Reed Killion has resigned to "pursue other interests."  Chairman Bernard Marren and director Carl Yankowski will serve as interim co-CEOs while the company searches for a permanent replacement. Killion has agreed to "assist with the transition." (PR)

Killion: "The board and I believe a new CEO and president who has a strong history specific to manufacturing and operational excellence will greatly benefit the company."

Killion's resignation comes as UniPixel contends with an SEC investigation, and faces heightened investor pressure to ramp production of its InTouch metal mesh sensors.

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Comments (12)
  • BILLYJIMBOB1
    , contributor
    Comments (50) | Send Message
     
    Well that is not a good sign for a startup with a SEC investigation active.
    30 Dec 2013, 06:02 PM Reply Like
  • PeakOiler
    , contributor
    Comments (299) | Send Message
     
    Reed Killion: big hat, no cattle.
    30 Dec 2013, 06:03 PM Reply Like
  • 12120341
    , contributor
    Comments (368) | Send Message
     
    Didn't the CFO resign a month or two ago?
    30 Dec 2013, 06:21 PM Reply Like
  • SoldHigh
    , contributor
    Comments (991) | Send Message
     
    Shorts planning to cover after the bk filing? Just wondering....
    30 Dec 2013, 07:37 PM Reply Like
  • Ivan Jimenez
    , contributor
    Comments (927) | Send Message
     
    LOL
    30 Dec 2013, 07:42 PM Reply Like
  • Ashraf Eassa
    , contributor
    Comments (9709) | Send Message
     
    LOL, what a joke.
    30 Dec 2013, 08:06 PM Reply Like
  • alpha ray
    , contributor
    Comments (23) | Send Message
     
    This shouldn't come as a surprise to anyone. Not a good sign.
    30 Dec 2013, 08:11 PM Reply Like
  • Stock Market Mike
    , contributor
    Comments (3598) | Send Message
     
    Hmm... interesting.

     

    Jan 2015 $3 puts can be had for around $0.40. If it goes to zero, that's almost a 10-bagger. But didn't they have a secondary offering a while back? Need to dig into how much cash they've got.
    30 Dec 2013, 08:32 PM Reply Like
  • bullchin
    , contributor
    Comments (840) | Send Message
     
    I wonder if he resign because the SEC investigation is pointing to him. Hope the company will pay for his legal expense. All the longs will be hating short now. Who will the longs blame now???
    30 Dec 2013, 10:08 PM Reply Like
  • Ivan Jimenez
    , contributor
    Comments (927) | Send Message
     
    You feeling sorry for him?
    What about all that stock he sold?
    Feel sorry for the investors.
    30 Dec 2013, 11:15 PM Reply Like
  • LindonT
    , contributor
    Comments (231) | Send Message
     
    Killion's resignation before the SEC investigation has been completed points to it being only the tip of the iceberg. The UniBoss mechanical embossing process obviously gives very poor yields & has failed to get off the ground. The evidence for that was made obvious when they had announce the move from 5 microns up to 6 microns & the world has moved on to way below that level. IMO there is lots more to come out of this & there may well be implications about how Kodak came out of bankruptcy & what their involvement is, if so don't expect there to be any sort of resolution any time soon.
    31 Dec 2013, 06:43 AM Reply Like
  • bullchin
    , contributor
    Comments (840) | Send Message
     
    They had no idea how to produce even with six sigma man as longs proclaimed. They missed several step in their planning.
    31 Dec 2013, 06:54 PM Reply Like
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