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Last Update

2003-01-08T00:00:00.000Z

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Background Information

Employment History

Chief Operating Officer
ITEX Corporation

Chief Executive Officer
ITEX Corporation

Chief Operating Officer and Chief Financial Officer
Ywca

Education

BBA

University of Michigan

Web References (10 Total References)


Currently, both Lewis Humer, the current ...

www.sec.gov [cached]

Currently, both Lewis Humer, the current Chief Executive Officer of Itex, and Melvin P. Kerr, its Chief Operating Officer, serve under employment agreements until the end of 2003.In order to ensure management stability, CASE has contacted both of these Itex officers, and has received assurances that each would continue to serve under his employment agreement if the CASE nominees are elected.

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The Itex Proxy Statement states that Itex has entered into employment agreements with the following executive officers: Lewis Humer, CEO, Daniela Calvitti, CFO, and Melvin Kerr, COO.
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In addition, Melvin Kerr, COO, consented to continue serving under his employment agreement if the CASE nominees are elected.
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Itex has entered into employment agreements with the following executive officers: Lewis Humer, CEO, Daniela Calvitti, CFO, and Melvin Kerr, COO.
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CASE contacted Lewis Humer and Melvin Kerr and has received assurances that each would continue to serve under his employment agreement if the CASE nominees are elected.


Melvin P. Kerr Chief ...

www.sec.gov [cached]

Melvin P. Kerr Chief Operating Officer

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Mr. Lewis "Spike" Humer, Ms. Daniela C. Calvitti and Mr. Melvin P. Kerr have entered into employment agreements with ITEX CORPORATION.
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MELVIN P. KERR Chief Operating Officer of ITEX Corporation since December 2001.Mr. Kerr has earned a BBA from the University of Michigan and a Master of Business Administration form the University of Chicago, Graduate School of Business.Age 46.Prior to joining ITEX, Mr. Kerr specialized in organizational and financial assessment and restructuring.Mr. Kerr was the Chief Operating Officer and Chief Financial Officer for YWCA in Flint, Michigan from 1996 to 2001.He has more than twenty years of hands-on management experience in turn-around, transition and high-growth companies. COMPENSATION OF ITEX MANAGEMENT The Compensation Committee ("Committee") of the Board of Directors is responsible for ITEX CORPORATION's compensation, benefits and stock option grants for executive officers.The Committee is composed entirely of independent outside directors.The following is the Committee's report on executive compensation. SUMMARY COMPENSATION TABLE Officers and Directors
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Melvin P. Kerr,
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(2) Car allowance (3) Trade dollars earned (4) Compensation from August 1, 2001 to November 5, 2001, final date of employment (5) Compensation from October 23, 2000 to July 31, 2001 (6) Compensation from December 1, 2001 to July 31, 2002 (7) $25,000 bonus to be paid based on fourth quarter results - Mr. Humer, $12,500; Ms. Calvitti and Mr. Kerr $6,250 each
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On December 14, 2001 ITEX CORPORATION entered into an employment agreement with Mr. Kerr whereby, Mr. Kerr agreed to serve as Chief Operating Officer and receive compensation equal to $150,000 per year, subject to annual increases as may be determined by the Board of Directors.Mr. Kerr is entitled to participate in a bonus program(s) as may be determined from time to time by the Employer's Board of Directors.The employee is eligible to receive an award of stock options as may be determined from time to time by Employer's Compensation Committee.The employment agreement may be terminated by mutual consent of the Company and Mr. Kerr or by ITEX CORPORATION with cause.The employment agreement expires by its terms on December 14, 2003. Options Granted in Last Fiscal Year Individual Grants Officers and Directors
====================================================================================================================== Number of Securities Underlying Options Percent of Total Options
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Melvin P. Kerr
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Melvin P. Kerr


ITEX Corporation Announces Sale of First U.S. Franchise

biz.yahoo.com [cached]

For more information regarding ITEX franchise opportunities, contact Mel Kerr, ITEX Chief Operating Officer at its Nevada sales office, 2880 Meade, Suite 204, Las Vegas, Nevada 89102, 702-220-8030, or visit the ITEX Web site at http://www.itex.com/.

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ITEX franchise opportunities, Mel Kerr, ITEX Chief Operating Officer, +1-702-220-8030, at its Nevada sales office, or Lewis "Spike" Humer, ITEX President and CEO, +1-916 679-1132, both of ITEX Corporation


ITEX Corporation Announces Launch of New ITEX Franchise Opportunity

biz.yahoo.com [cached]

For more information regarding ITEX Franchise opportunities, contact Mel Kerr, ITEX Corporation COO at 866-839-4839 or visit the website at www.itex.com.

For further information Lewis "Spike" Humer, President and CEO, +1-916 679-1132, or for franchise information, Mel Kerr COO, 866-839-4839, both of ITEX Corporation


Today's News

www.prnewswire.com [cached]

For more information regarding ITEX Franchise opportunities, contact Mel Kerr, ITEX Corporation COO at 866-839-4839 or visit the website at http://www.itex.com/.

Click here
SOURCE ITEX CorporationWeb Site: http://www.itex.com/

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