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Vuzix chief financial officer, director and executive vice president Russell Grant buys 16 October 2017

NEWS BITES - PEOPLE IN BUSINESS

Vuzix (NASDAQ:VUZI) Chief Financial Officer, Director and Executive Vice President Russell Grant bought 2,000 shares worth $US11,070 on October 13. The purchase price was $US5.54.

HTTP link to original article

https://www.sec.gov/Archives/edgar/data/1463972/000114420417052526/xslF345X03/tv477028_4.xml

Russell Grant (Reported Buying; trailing 12 months)
MonthNo. of SharesPrice, USDValue, USD
October 16, 20172,0005.5411,070

Original news release

Source: SEC

SECTION 1 BIOGRAPHY RUSSELL GRANT, CFO, DIRECTOR AND EXECUTIVE VICE PRESIDENT

Grant Russell, age 64, has served as our Chief Financial Officer since 2000 and as a member of our board of directors since April 3, 2009. From 1997 to 2004, Mr. Russell developed and subsequently sold a successful software firm and a new concept computer store and cyber cafe. In 1984, he co-founded Advanced Gravis Computer (Gravis), which, under his leadership as President, grew to become the world's largest PC and Macintosh joystick manufacturer with sales of $44 million worldwide and 220 employees. Gravis was listed on NASDAQ and the Toronto Stock Exchange. In September 1996 it was acquired by a US-based Fortune 100 company in a successful public tender offer. Mr. Russell holds a Bachelor of Commerce degree in finance from the University of British Columbia and is both a US Certified Public Accountant and a Canadian Chartered Professional Accountant. Mr. Russell resides in Vancouver, British Columbia, Canada and has a secondary residence in West Henrietta, New York. Mr. Russell's business executive and financial experience qualifies him to serve on our board of directors.

Remuneration

Year:2016

Salary ($):350,000

Bonus ($): 145,000

All Other Compensation ($): 17,171

Total ($): 512,171

SECTION 2 VUZIX CORPORATION PRICE PERFORMANCE SCORECARD (NASDAQ:VUZI):

+ Vuzix Corporation is placed 1,836/2,193 in the BSS News Bites ranking of price performance of NASDAQ stocks in the past year, a percentile ranking of 16.

2.1 Present Value of $US1000 invested in the past

The present value of $US1000 invested a year ago is $US730

PV$10001-week1-month1-year
VUZI.NASDAQ1,037910730
NASDAQ-100 Index1,0051,0271,268

2.2 Trailing Price Change %

1-Year price change for Vuzix was -27.0%. Compared with the NASDAQ-100 Index which rose 26.8% in the year, the relative price change was -53.8%.

Price Change %1-Month3-Month1-Year
VUZI-9.0-17.2-27.0
Electronics sector6.110.642.8
NASDAQ-100 Index1.55.226.8

SECTION 3 VUZIX CORPORATION FINANCIALS AND GROWTH PERFORMANCE SCORECARD (NASDAQ:VUZI):

3.1 Key Financials (All figures percent)

Revenue Growth has improved from -26.0% in 2013 to -22.3% in 2016.

VUZIRevenue Growth
2016-22.3
2015-8.6
201426.9
2013-26

3.2 High Performance Indicator:

DescriptionValueRank In NASDAQ Market
Total Debt to Equity0.1In Top Quartile

SECTION 4 VUZIX CORPORATION MARKET POSITION AND GLOBAL RANK (NASDAQ:VUZI):

4.1 Market Position

Vuzix Corporation (NASDAQ:VUZI), NASDAQ's 24th largest Electronics company by market cap, sank $US1.25 (or 18.4%) year to date in 2017 to close at $US5.55. This means the stock has underperformed 81% of NASDAQ-listed stocks in 2017. Compared with the NASDAQ-100 Index which has risen 25.3% YTD, this is a relative price change of -43.7%. In 2017 the market cap has declined $US35.6 million.

4.2 Global Rank

Rank In The American Region [out of 12,766 stocks]

DescriptionValueRankQuartile
MCap (US$)97.5M5,557Second
Total Assets (US$)22.3M6,915Third
Revenue (US$)2.2M7,041Third
Net Profit (US$)(20.9M)9,263Third
Price to Book6.05,112Second
PV$1000 (1Year) US$7308,009Third
US$ Change (1Year) %-26.37,950Third
Rel Strength 6 Mo (US$)585,308Second

SECTION 5 OTHER DIRECTORS OF VUZIX CORPORATION

Travers Paul J., Chief Executive Officer & President & Director

Russell Grant, Chief Financial Officer & Director & Executive Vice President

Timothy Harned, Director

Edward W Kay, Director

Paul Boris, Director & Chief Operating Officer

Scott Michael, Independent Director

Ruckdaeschel Alexander, Independent Director

SECTION 6 VUZIX CORPORATION ACTIVITIES

Vuzix Corporation is engaged in the design, manufacture, marketing and sale of wearable display devices that are worn like eyeglasses and feature built-in video screens that enable the user to view video and digital content.

SECTION 7 RECENT NEWS ON DIRECTORS

7.1 CHANGES IN BOARD OF DIRECTORS

19 June 2017

Paul Boris - Vuzix director resigns

Paul Boris has resigned from Vuzix as Director. The resignation takes effect from May 08, 2017.

7.2 REPORTED STOCK AWARDS

13 July 2017

Vuzix director Scott Michael awarded shares

Vuzix (NASDAQ:VUZI) director Scott Michael, was awarded 10,000 shares worth $US67,000 on July 12.

13 July 2017

Vuzix director Ruckdaeschel Alexander awarded shares

Vuzix (NASDAQ:VUZI) director Ruckdaeschel Alexander, was awarded 10,000 shares worth $US67,000 on July 12.

11 May 2017

Vuzix chief operating officer and director Paul Boris awarded shares

Vuzix (NASDAQ:VUZI) chief operating officer and director Paul Boris, was awarded 100,000 shares worth $US595,000 on May 08.

7.3 RECENT REPORTED BUYING

06 October 2017

Vuzix chief operating officer and director Paul Boris buys

Vuzix (NASDAQ:VUZI) Chief Operating Officer and Director Paul Boris bought 5,000 shares worth $US25,987 on October 04. The purchase price was $US5.20.

28 September 2017

Vuzix chief executive officer, director and president Travers Paul J. buys

Vuzix (NASDAQ:VUZI) Chief Executive Officer, Director and President Travers Paul J. bought 2,300 shares worth $US12,535 on September 28. The purchase price was $US5.45.

7.4 UPDATED DIRECTOR PROFILES

23 June 2017

Ruckdaeschel Alexander - Vuzix updates director's profile

Vuzix recently released their definitive SEC filing DEF 14A. The updated profile of Ruckdaeschel Alexander (44), Independent Director is shown below.Alexander Ruckdaeschel, age 44, joined our board of directors in November 2012. Since March 2001, Mr. Ruckdaeschel has worked in the financial industry in the United States and Europe as a co- founder, partner and or in senior management. Mr. Ruckdaeschel cofounded Herakles Capital Management and AMK Capital Advisors in 2008. Mr. Ruckdaeschel has also been a partner with Alpha Plus Advisors, from 2006 to 2010, and Nanostart AG, from 2002 to 2006, where he was the head of their U.S. group. Mr. Ruckdaeschel has significant experience in startup operations as the manager of DAC Nanotech-Fund and Biotech-Fund from 2002 to 2006. Following service in the German military, Mr. Ruckdaeschel was a research assistant at Dunmore Management focusing on intrinsic value identifying firms that were undervalued and had global scale potential. From October 1992 to October 2000 Mr. Ruckdaeschel was in the German military and supported active operations throughout the Middle East while also participating as a professional biathlon athlete. Mr. Ruckdaeschel's financial experience qualifies him to serve on our board of directors.

23 June 2017

Russell Grant - Vuzix updates CFO, director and executive vice president's profile

Vuzix recently released their definitive SEC filing DEF 14A. The updated profile of Russell Grant (64), CFO, Director and Executive Vice President is shown below.Grant Russell, age 64, has served as our Chief Financial Officer since 2000 and as a member of our board of directors since April 3, 2009. From 1997 to 2004, Mr. Russell developed and subsequently sold a successful software firm and a new concept computer store and cyber cafe. In 1984, he co-founded Advanced Gravis Computer (Gravis), which, under his leadership as President, grew to become the world's largest PC and Macintosh joystick manufacturer with sales of $44 million worldwide and 220 employees. Gravis was listed on NASDAQ and the Toronto Stock Exchange. In September 1996 it was acquired by a US-based Fortune 100 company in a successful public tender offer. Mr. Russell holds a Bachelor of Commerce degree in finance from the University of British Columbia and is both a US Certified Public Accountant and a Canadian Chartered Professional Accountant. Mr. Russell resides in Vancouver, British Columbia, Canada and has a secondary residence in West Henrietta, New York. Mr. Russell's business executive and financial experience qualifies him to serve on our board of directors.

23 June 2017

Travers Paul J. - Vuzix updates CEO, director and president's profile

Vuzix recently released their definitive SEC filing DEF 14A. The updated profile of Travers Paul J. (55), CEO, Director and President is shown below.Paul J. Travers, age 55, was the founder of Vuzix and has served as our President and Chief Executive Officer since 1997 and as a member of our board of directors since November 1997. Prior to the formation of Vuzix, Mr. Travers founded both e-Tek Labs, Inc. and Forte Technologies Inc. He has been a driving force behind the development of our products. With more than 23 years' experience in the consumer electronics field, and 20 years' experience in the virtual reality and virtual display fields, he is a nationally recognized industry expert. He holds an Associate degree in engineering science from Canton, ATC and a Bachelor of Science degree in electrical and computer engineering from Clarkson University. Mr. Travers resides in Honeoye Falls, New York. Mr. Travers's experience as our founder and Chief Executive Officer qualifies him to serve on our board of directors.

23 June 2017

Scott Michael - Vuzix updates director's profile

Vuzix recently released their definitive SEC filing DEF 14A. The updated profile of Scott Michael (71), Independent Director is shown below.Michael Scott, age 71, joined our of directors in June 2013. Mr. Scott has been a Professor of Law at the Southwestern Law School in Los Angeles, CA, since 2006. Previously, he was Partner at various legal firms specializing in Technology and IP Practices, including Perkins Coie LLP, and Graham & James. He previously served on the board of Sanctuary Woods Multimedia, Inc., a NASDAQ publicly traded company. He is the author of 7 books on Technology Law as well as the writer of numerous legal IP-related articles published in journals, newspapers and magazines. He is the Founder and Editor-in-Chief of the E-Commerce Law Report and the Cyberspace Lawyer. Mr. Scott's technology and intellectual property experience qualify him to serve on our board of directors.

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