Applied Energetics’ CEO Resigns

Applied Energetics Inc. of Tucson, Ariz., specializing in high power lasers, high voltage electronics and optical systems, announced several changes to its management team. Dana Marshall entered into a separation agreement with the company in which Marshall’s employment as president, CEO and chairman of the board, as well as service as a director, has been terminated. In addition, Stephen McCahon resigned as executive vice president; McCahon will provide the company with business and technical consulting services for an initial term of 12 months. Brigadier General, US Marine Corps (Ret.) James M. Feigley, a director of the company since June 2008, has been appointed to serve as the company’s non-executive board chairman, filling the role of lead independent director created by the resignation of General James A. McDivitt for personal reasons. The company also announced that it entered into a consulting agreement with McDivitt to consult with the company for a period of up to one year. Feigley has served as president of Rock River Consulting Inc., a defense consulting firm he founded in early May 2003 after retiring from the military.