The Nevada Gaming Commission voted to reject Brian Hinchley's individual application for licensure as Chief Executive Officer, Chief Financial Officer and a director of Table Trac, Inc. Mr. Hinchley's application was not denied by the Nevada Gaming Commission and he is permitted to remain an employee of the Company and may re-apply for licensure at any time in Nevada. As a result, on November 17, 2017, Mr. Hinchley resigned his positions as Chief Executive Officer and Chief Financial Officer and stepped down from the Company's Board of Directors. On November 20, 2017, the Company appointed Chad Hoehne, age 55, founder, President, Chief Technical Officer and a director of the Company since 1999, to serve as the Company's Chief Executive Officer and established a search committee charged with finding a new Chief Financial Officer.
Table Trac, Inc. designs, develops, and sells casino information and management systems. The Company has systems installed in North, South, and Central America, as well as Australia and the Caribbean. The Company has developed an information and management system (Table Trac system) that automates and monitors the operations of casino table game operations. In addition to its table games management system, the Company adds functionality to related casino system modules for guest rewards and loyalty club, marketing analysis, guest service, promotions, administration / management, vault / cage management and audit / accounting tasks. Aggregated together, all of these modules become the Casino Trac product, Casino Management System (CMS). It sells and leases systems and technical support to casinos. The open architecture of the Table Trac system is designed to provide operators with a scalable and flexible system that can interconnect and operate with third-party software or hardware.