Item
5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On
August
5, 2008, the Company’s Board of Directors approved paying Per Bystedt’s a salary
of 100,000 SEK (Swedish Krona’s) (approximately $16,000) per month beginning
July 1, 2008, along with the normal and customary benefits given to other
employees as long as he serves as interim Chief Executive Officer (CEO).
Mr.
Bystedt’s director compensation totaling $2,500 per months will be suspended
during the period that he serves as the interim CEO of the Company.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
Dated:
August 12, 2008
| Neonode Inc. | ||
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| By: | /s/ David Brunton | |
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David
Brunton
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Chief
Financial Officer
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