MICHAEL A. GROLLMAN - Corporate Board Profile

SideChannel, Inc.

Filing Date	Source Excerpt
2001-01-08	Michael A. Grollman Mr. Grollman has served as NSC 27s Chief Operating Officer since December 1, 2000 and as a Director of NSC since December 1, 2000. Mr. Grollman has over fifteen years of management experience in technology development and sales for firms that range in revenue from $9 million a year to over $6 billion a year. From November 1997 to September 2000, Mr. Grollman worked as a Regional Manager for MicroAge, Inc. in Phoenix, Arizona. From January 1995 until November 1997, he worked as a Regional Director with MTS of Tempe, a Chief Technology Advisor and Executive Vice President with AIS of Scottsdale, and a General Manager and Area Vice President with Margre, Inc. of Portland (Oregon). In each of these positions, Mr. Grollman handled strategy, P&L management, new business development, and oversight of numerous engineering teams across wide geographies, both inside and outside the continental United States. Mr. Grollman holds a BS degree in Chemistry from the State University of New York, and will complete his MBA at Arizona State University over the next 12 months. At September 30, 2000 there were no committees of the Board. In December 2000, the audit committee (the "Audit Committee") was appointed, whose membership now consists of Dr. Richard C. Kim, Mr. Charles E. Martin and Mr. Michael A. Grollman. NSC believes that Dr. Kim and Mr. Martin are "independent" as that term is used in Sections 303.01(B)(2)(a) and (3) of the New York Stock Exchange Listing Standards, but that Mr. Grollman is not "independent" as that term is used in those standards. 1 Directors of NSC who are not employees of NSC are compensated at a rate of $2,000 per month and $100 per Board meeting. In addition, Board members are granted 5,000 restricted Common Shares upon their election to the Board, and are to receive an additional 5,000 options, which vest in 12 months from the date of grant, to purchase Common Shares at the current market value in NSC at the end of each complete year serving as a Director. The options granted under the 2000 Plan to directors who are not employees of the Company are intended to be "nonqualified options" under the Internal Revenue Code of 1986, as amended (the "Code"). 2 These standards of Board compensation were formally established in December, 2000. Prior to this formal policy, 20,000 restricted Common Shares were issued by NSC to Dr. Richard Kim in consideration of his services as a Director of NSC. Dr. Kim's compensation for service as a Director will follow the policy guidelines described above prospectively.
2001-12-28	Michael A. Grollman President, Director 40 Mr. Grollman became Chief Operation Officer of NSC in October 2000 and was elected to its Board in November 2000. At September 30, 2001, there was one committee of the Board. In December 2000, the Board established an audit committee (the "Audit Committee"), whose membership currently consists of Messrs. Martin and Grollman. SUMMARY COMPENSATION TABLE Michael A. Grollman, President (4) 2001 172,500 - 165,600
2003-01-27	MICHAEL A. GROLLMAN. Michael Grollman first became Chief Operating Officer in October 2000. Mr. Grollman was appointed President in April 2001, Chief Executive Officer in January of 2002, and Chairman of the Board in December 2002. ... As of September 30, 2002, the Company had one committee, the Audit Committee. This committee met once in fiscal 2002, and consisted at the start of fiscal 2002 of Charles E. Martin and Michael A. Grollman. Mr. Grollman continues as the sole member of the Audit Committee ... SUMMARY COMPENSATION TABLE ... Michael A. Grollman, President, CEO, Chairman (4) 2002 181,500 -- 78,750 ... Salary for 2002 includes $42,500 that was not paid in cash, but deferred to a future period, along with $1,500 estimated interest on this unpaid amount. Other Compensation for 2002 also includes $78,750 for restricted Common Stock grants subject to risk of forfeiture if calendar 2003 sales do not meet or exceed key targets, and in exchange for salary reduction in calendar year 2003 of $60,000.
2004-01-30	Mr. Grollman is Chairman of the Board... MICHAEL A. GROLLMAN first became Chief Operating Officer in October 2000... We appointed Mr. Grollman our President in April 2001, Chief Executive Officer in January of 2002, Chairman of the Board in December 2002... Mr. Grollman was granted 750,000 shares of stock from this Stock Retainage Program pool of shares, subject to the Company achieving in excess of $400,000 in sales in calendar year 2004... SUMMARY COMPENSATION TABLE shows total annual compensation of $137,932 for 2003.
2005-03-24	Michael A. Grollman is Chief Executive Officer, Acting Chief Financial Officer and Chairman of the Board. Age 43. Compensation includes salary of $94,200 in 2004 and other compensation of $70,800, totaling $165,000.
2006-03-16	Mr. Grollman is Chief Executive Officer and is serving as Chairman of the Board and Acting Chief Financial Officer
2008-03-20	Mr. Grollman is Chief Executive Officer and is serving as Chairman of the Board and Acting Chief Financial Officer