Electro-Sensors Inc. announced the appointment of David L. Klenk as CEO and CFO of the company. Mr. Klenk recently joined the Electro-Sensors board of directors and now replaces Bradley D. Slye in these roles. Brad Slye will remain with the company and lead its new product development and integration efforts. Mr. Klenk has over 20 years of experience leading technology companies, most recently as director and president of Harland Medical Systems Inc. In addition, the company has announced the appointment of Scott A. Gabbard to the company's board of directors. Mr. Gabbard is currently CFO of Magenic Technologies Inc.

The board of directors has also announced that they have temporarily suspended the company's quarterly dividend. The board is acutely focused on maximizing shareholder value and is suspending the dividend to best position the company for renewed growth.