Hardy also will have an incentive component to compensation-based goals to be set by SWK. At SuiteWorld, someone asked why I wrote so much about SWK. I replied that is because the parent is public and the information is released. If we could get this kind of detail on other companies, I'm sure it would be read. SWK is paying $350,000 to purchase ESC from Hardy and Michael Dobberpuhl, both shareholders in ESC, via a promissory note which is being repaid at a rate of $6,134.70 per month.
SWK NAMES HARDY AS SVP Featured
SWK Technologies has named Alan Hardy as SVP of business development. The job and terms of employment were spelled out by SWK's parent, SilverSun Technologies, which completed the purchase of Hardy's firm ESC Software. Both companies are Sage resellers. Hardy gets $162,000 annually and a monthly car allowance of $600. He also receives 600,000 stock options in SilverSun which issue at 15 center per share and vest in five equal annual installments.
