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Posted 06 July, 2021

Coda Octopus Group, Inc. appointed Kevin Kane as new CEO

Nasdaq:CODA appointed new Chief Executive Officer Kevin Kane in a 8-K filed on 06 July, 2021.


  (c) Effective July 6, 2021, Kevin Kane was appointed as the Chief Executive Officer of Coda Octopus Colmek, Inc. ("Colmek"), a wholly owned subsidiary of Coda Octopus Group, Inc. (the "Company").  

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Overview of Coda Octopus Group, Inc.
Technology • Networking
Coda Octopus Group, Inc. engages in the developing, manufacturing, and marketing of subsea products. It operates through the Marine Technology Business (Products) and Marine Engineering Business (Services) segments. The Marine Technology Business segment develops solutions for subsea and underwater markets. The Marine Engineering Business segment supplies engineering services primarily to prime defense contractors. It also operates through the Americas, Europe, Australia or Asia, and Middle East or Africa geographical segments. The company was founded in 1994 and is headquartered in Orlando, FL.
Market Cap
$76.4M
View Company Details
Coda Octopus Group, Inc. by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


(c) Effective July 6, 2021, Kevin Kane was appointed as the Chief Executive Officer of Coda Octopus Colmek, Inc. ("Colmek"), a wholly owned subsidiary of Coda Octopus Group, Inc. (the "Company"). He is replacing Michael Midgley who served as both Chief Executive Officer of Colmek and as the Company's Chief Financial Officer. Mr. Midgley will continue to serve as the Company's Chief Financial Officer.


Mr. Kane, an experienced defense executive, served as vice president, international business development, for the L3Harris Technologies' Communications Systems segment from July 2019 to March 2021. Prior to the merger of L3 Technologies and Harris Corporation, he led international business development for L3 Technologies' Communications and Networked Systems segment from September 2018 to July 2019, after leading product management at the L3 Technologies' Broadband Communications sector for several years. From March 2013 to June 2015, he served as president and chief executive officer of Datron World Communications, which followed his role as president and executive general manager of Codan Communications in Adelaide, Australia from July 2010 March 2013. Earlier in his career, Mr. Kane worked for Harris Corporation in various roles, including engineering, strategy, business development and sales.


Mr. Kane holds a Bachelor of Science Degree in Computer Engineering from the Rochester Institute of Technology, and a Master of Business Administration degree from Saint John Fisher College.


He will be paid an annual base salary of $200,000. He will also be eligible for an annual performance bonus based on the Company's financial performance. Assuming that the Company meets its targets during the current fiscal year, Mr. Kane will be paid a performance bonus of $12,000. As a further inducement, he was granted 15,000 restricted stock units out of the Company's 2017 Stock Incentive Plan that vest in three equal annual installments commencing on the first anniversary of grant.