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: September 20, 2012
VISUALANT, INCORPORATED
(Exact name of Registrant as specified in its charter)
Nevada | 0-25541 | 91-1948357 |
(State or jurisdiction of incorporation) | (Commission File No.) | (IRS Employer Identification No.) |
500 Union Street, Suite 406
Seattle, Washington 98101
(206) 903-1351
(Address of Registrant’s principal executive office and telephone number)
Section 5 – Corporate Governance and Management
Item 5.02 Departure of Directors or Principal Officers; Election of Officers
On September 20, 2012, Visualant, Inc. (the “Company”), today announced that Todd Sames was appointed Vice President, Business Development. Mr. Sames is responsible for driving new licensing agreements for the company’s Spectral Pattern Matching (“SPM”) technology with a wide-range of original device manufacturers.
Mr. Sames brings over 25 years of industry experience to the expanding Visualant team. He most recently held an executive position at INX, where he ultimately led in the creation of a new Business Unit. The project resulted in a successful new line of video conferencing, telecommunication, and security solutions for Cisco.
Sames has also established partnerships with other well-known companies such as Polycom, LifeSize, and TANDBERG. During his tenure conducting corporate sales at Egghead Software, Todd closed and managed Fortune 1000 accounts with Disney, Unocal, Lockheed and General Electric, among many others.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits –
Exhibit No. |
| Description |
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99.1 |
| Press release dated September 20, 2012 announcing the appointment of Todd Sames as Vice President of Business Development. |
SIGNATURES
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 hereunto duly authorized.
| Registrant: VISUALANT, INCORPORATED | |
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September 21, 2012 | By: | /s/ Ronald P. Erickson |
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| Ronald P. Erickson, CEO |
EXHIBIT INDEX
Exhibit No. |
| Description |
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| Press release dated September 20, 2012 announcing the appointment of Todd Sames as Vice President of Business Development. |
- 2 -
Exhibit 99.1
Visualant Expands Leadership With New VP of Business Development
Todd Martin Sames joins Seattle tech-company, focusing on new licensing agreements of SPM technology for original device manufacturers
Seattle (September 20, 2012) -- Visualant, Inc. (OTCBB: VSUL), a Seattle-based technology company, announced today that Todd Martin Sames joined its executive team as Vice President of Business Development. Sames is responsible for driving new licensing agreements for the company’s Spectral Pattern Matching (SPM) Technology with a wide-range of original device manufacturers. The company believes this new role will dramatically bolster its expansion efforts.
Sames brings over 25 years of industry experience to the expanding Visualant team. He most recently held an executive position at INX, where he ultimately led in the creation of a new Business Unit. The project resulted in a successful new line of video conferencing, telecommunication, and security solutions for Cisco.
Sames has also established partnerships with other well-known companies such as Polycom, LifeSize, and TANDBERG. He considers his unique ability to build relationships and generate sales his greatest asset, one he will use to help take Visualant to the next level. During his tenure conducting corporate sales at Egghead Software, Todd closed and managed Fortune 1000 accounts with Disney, Unocal, Lockheed and General Electric, among many others.
Ron Erickson, Visualant CEO, expressed admiration of Sames’ history of consistency and demonstrated track-record of implementing successful business development of emerging technologies and technology companies throughout his career of more than two decades.
He added, “Todd can strengthen companies not just by increasing their existing customer base, but he can also create entirely new business units that generate new-found revenues. With our recent investments and strategic partnership, Todd is perfectly suited to fully exploit our patented technologies in the marketplace.”
Visualant specializes in using spectral analysis for many corporate and consumer needs. Currently, the company is looking to use their technology in a number of smartphone-based applications. The addition of Sames should be key in making such next-generation technology more accessible to a consumer market.
Sames concluded, “To work with a world-class team like Visualant is a dream scenario for someone with my background. There’s talent and technology in Visualant that cannot be replicated elsewhere.”
About Visualant, Inc.
Visualant, Inc. develops a unique patented Spectral Pattern Matching “SPM” technology. This technology directs structured light onto a physical substance to capture a unique spectral signature. When matched against existing databases, the Spectral Signature can identify, detect, or diagnosis markers invisible to the human eye. SPM scanners can be integrated into a variety of mobile or fixed-mount form factors, making it possible to effectively conduct analyses in the field that could only previously be performed by large and expensive lab--based tests.
Visualant entered into a one year Joint Development Agreement on May 31, 2012 with Sumitomo Precision Products Co., Ltd. (“SPP”), which focuses on the commercialization of the SPM technology and a License Agreement providing SPP with an exclusive license of the SPM technology in identified Asian territories. For more information, visit: http://www.visualant.net.
SPP is publicly traded on the Tokyo and Osaka Stock Exchanges and has operations in Japan, United States, China, United Kingdom, Canada and other parts of the world. Additional information on SPP is available athttp://www.spp.co.jp/English/index2-e.html.
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