(a) On August 23, 2013 Jason Foster tendered his resignation from his role as Chief Executive Officer and has been appointed by the Board of Directors of Nexus Enterprise Solutions, Inc. to Chief Technology Officer effective August 26, 2013th. During his tenure as CEO, Foster led the company’s successful effort to transition its targeted data distribution technology from that of a third-party provider model to that of a proprietary platform. Foster also led several key initiatives that helped the organization evolve into a leader in providing targeted data solutions. Under Mr. Bayardelle’s leadership, Foster will continue to manage the evolution of Nexus’ technology services.
(b) On August 23, 2013, the Board of Directors of Nexus Enterprise Solutions, Inc. appointed James Bayardelle to Chief Executive Officer and joins the company’s Board of Directors effective August 26, 2013. Prior to becoming a co-founder of Nexus Enterprise Solutions, Inc. in 2010, Bayardelle was Chief Marketing Officer of First Choice Debt Resolution responsible for all marketing initiatives and internal lead generation. While at this debt settlement company, he led First Choice to revenue growth exceeding $10 million annually. Prior to First Choice, Bayardelle was associated with internet companies in verticals such as health care, travel and real estate.
In connection with his appointment to CEO, Bayardelle entered into an agreement with Company on August 26, 2013. Pursuant to his agreement, which was approved by the Board on August 26, 2013, Bayradelle will be compensated a one time allocation of 500,000 shares of common stock for his role of Chief Executive Officer.
(c) On August 23,2013, Nexus Enterprise Solutions, Inc. accepted the resignation of Maureen Morgan- Bokzam from her role of Vice President as well as her Board of Directors position. Ms. Morgan-Bokzam resignation will be effective August 26, 2013. Following her departure, Ms. Morgan –Bokzam will remain in Florida to pursue other interests outside the company.