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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

 

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported):		August 12, 2009

 

 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

(c) Appointment of Interim Chief Financial Officer

 

On August 12, 2009, the Company’s Board of Directors unanimously approved the promotion of Thaddeus J. Shalek as the Company’s Interim Chief Financial Officer.

 

Mr. Shalek, age 59, has been employed by Smart Online, Inc. as the Director of Finance and Accounting since June 30, 2009.  He has worked with the University of North Carolina at Greensboro as a lecturer in accounting and finance from August 2008 until the present time.  Prior to joining the University of North Carolina at Greensboro, Mr. Shalek served as the Chief Financial Officer for Lindell Properties, a national real estate development company, located in Tampa, Florida from 2006 until 2008;  he was the Chief Executive Officer and Chief Financial Officer for Vertical Health Solutions, Inc., a manufacturer and distributor of veterinary nutriceuticals in Tampa, Florida from 2004 to 2006; and he was the Founder, President and Chief Operating Officer of Shalek & Associates, CPAs Inc., a public accounting firm in Cleveland, Ohio from 1985 until 2004.  Mr. Shalek has also worked with the public accounting firm of Coopers & Lybrand.  He holds a CPA license in the State of Ohio, an MBA from The University of Tampa, Tampa, Florida, and a B.S.B.A. degree in Accountancy from John Carroll University, Cleveland, Ohio.  Mr. Shalek is also a Certified Business Valuation Analyst, (CVA).

 

As the Company’s Chief Financial Officer, Mr. Shalek will be compensated with  an annual  salary of $109,200.

 

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