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<a href="http://www.accessmylibrary.com/coms2/summary_0286-34403342_ITM" title="Facts and information about TRM Paid Access To Money's Owner $4.25 Million Cash.">TRM Paid Access To Money's Owner $4.25 Million Cash.</a>
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TRM Paid Access To Money's Owner $4.25 Million Cash.
TRM Corp., which Last Month purchased Access To Money, the N.J.-based ISO, paid Douglas Falcone, the acquired companys sole shareholder, president and CEO, $4.25 million in cash, according to a U.S. Securities and Exchange Commission filing.
TRM also awarded Falcone 3.55 million shares of TRM common stock and a promissory note for approximately $9.8 million, payable April 18, 2015. TRM agreed to replace $1.1 million in vault cash Falcone funded as practically as possible, but no later than a year after the acquisition.
TRM, the Portland, Ore.-based ISO, purchased LJR Consulting Group, which does business as Access To Money, April 18 for $15 million. Access To …
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Source: HighBeam Research, TRM Paid Access To Money's Owner $4.25 Million Cash.
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