On October 6, 2014, DecisionPoint Systems, Inc. (OTC QB: DPSI) announced a restructuring of its board of directors, including the resignations of five former directors and the appointment of five new directors.
Effective as of the close of business on October 3, 2014, James DeSocio, 59, was appointed to the board and five of the company's incumbent directors, Lawrence Yelin, Jay B. Sheehy, David M. Rifkin, Marc Ferland and Donald Dalicandro, resigned from the board, leaving incumbent director Robert Schroeder and Mr. DeSocio on the board. Thereafter, Mr. Schroeder and Mr. DeSocio appointed four additional new directors, Michael N. Taglich, 49; John Guttilla, 58; Stanley P. Jaworski, Jr., 64; and Paul A. Seid, 66. The board is now comprised of six directors.
On August 8, 2014, DecisionPoint Systems, Inc. (OTC QB: DPSI) reported results for its second quarter ended June 30, 2014.
For 2Q14, the company reported that sales increased 12% to $16.5 million. DecisionPoint reported a net loss of $19,000 or $(0.03) per share versus a net loss of $1.1 million or $(0.15) per share in 2Q13.
Taglich Brothers estimates were for 2Q14 revenue of $17.8 million and a net loss of $71,000 or $(0.03) per share.