Choose a blog

PowerSecure signs deal with company run by CEO's son

PowerSecure International, a Wake Forest energy services company, has signed a distribution deal with a firm run by the son of its top executive and founder.

Under the agreement, Apex Controls will sell PowerSecure's LED lighting for refrigerated grocery cases through 2015. Apex Controls is run by Jonathan Hinton, son of PowerSecure CEO Sidney Hinton, left, and PowerSecure's former sales executive, according to a filing with the Securities and Exchange Commission.

PowerSecure will pay Apex Controls commissions based on sales, an initial fee of $200,000, plus $200,000 more in January 2010 and $100,000 annually from 2011 to 2015.

Cars View All
Find a Car
Go
Jobs View All
Find a Job
Go
Homes View All
Find a Home
Go

Want to post a comment?

In order to join the conversation, you must be a member of newsobserver.com. Click here to register or to log in.
Advertisements