Former KIT Digital CEO Bar-Cohen Resigns After Activist Investor Takes Control

Posted by Joe Zaller
Sep 07 2012

KIT Digital said in an SEC filing that former interim CEO Barak Bar-Cohen left the company on August 29, 2012.

KIT said that after it appointed activist investor, Peter Heiland of JEC Capital Partners, as interim CEO, the company discussed with Bar-Cohen possible continuing roles in the company but were unable to come to a mutually acceptable agreement.

Following the failure to come to an agreement, Bar-Cohen sent a letter notifying the company of the termination of his employment with the Company, as of August 29, 2012.

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