Scott Brown Quits Advisory Role for Florida Firm

Scott Brown announced that he has resigned from GDSI, the Florida company that signed him on as an adviser last year in exchange for $1.3 million in stock options.

The Brown campaign issued a statement at 4:20 p.m. June 4, not long after he officially filed papers with the New Hampshire Secretary of State as a candidate for U.S. Senate in New Hampshire:

"When I became an adviser to Global Digital Solutions last year, I did so as a private citizen who viewed them as a start-up company in the defense technology field with the potential for long-term growth. I served as an adviser, and did not participate in the day-to-day decision-making of the company. I have not received any monetary compensation from this company, nor will I in the future. It’s clear from recent media reports that my continued role with the company would be an unnecessary and unwanted distraction. I want the people of New Hampshire to know they are my top priority. Therefore, I am resigning my advisory position with the company and relinquishing all my rights to the restricted stock that has been granted me, effective immediately."

The advisory role he served was probed by The Boston Globe in a story May 31, which created some controversy as the former Massachusetts senator works to introduce himself to voters and capture the GOP nomination in New Hampshire.

Other Republican candidates for the GOP nomination are Jim Rubens, Bob Smith and Karen Testerman. Andy Martin is also running for Senate.