Quarterly report pursuant to Section 13 or 15(d)

Note 14 - Subsequent Events

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Note 14 - Subsequent Events
9 Months Ended
Sep. 30, 2017
Notes to Financial Statements  
Subsequent Events [Text Block]
NOTE
14
- Subsequent Events
 
 
     
On
October 5, 2017,
Milestone Scientific announced that Daniel Goldberger had resigned as President and Chief Executive Officer effective
October 2, 2017.
 
       
On
October 5, 2017,
Milestone Scientific also announced the appointment of Leslie Bernhard, the Company’s current Chairman of the Board, as the Company’s Interim Chief Executive Officer, to serve in such role until the appointment of a new Chief Executive Officer.
 
In connection with her appointment to serve as the Company
’s Interim Chief Executive Officer, Ms. Bernhard will be paid an annual salary of
$200,000
and receive a
one
-time bonus of
100,000
shares of the Company’s Common Stock. In addition, at the completion of her service as Interim Chief Executive Officer, Ms. Bernhard shall be entitled to receive a cash bonus in an amount to be determined by the Board of Directors at that time.