A major reorganization has occurred in Microsize Inc., the Salt Lake-based optical disc storage and retrieval company.

Keith S. Christensen has resigned as company president and members of the corporation have started negotiations with him to acquire the micrographics business from Microsize.According to company officials, this is in keeping with a decision of the board of directors to concentrate resources on the new contracts Microsize has entered into to supply distributors in the U.S. with its optical filing systems "Trimdex."

Microsize officials also announced they have entered into an exclusive agreement with Sparak Financial Systems Inc., which represents more than 200 banks in Minnesota, Iowa, North and South Dakota, Wisconsin and a portion of Montana, a contract worth $1.6 million on software sales to Sparak customers.

The company also has entered into an agreement with Nicola Banking Systems Inc. representing banks in Texas and Oklahoma, to furnish them hardware and software. The value of the contract will be worth $1 million over the next two years.