Current Report Filing (8-k)
14 June 2021 - 8:01PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date
of earliest event reported): June 8,
2021
_______________________________
Network-1
Technologies, Inc.
(Exact name of registrant as specified in its charter)
_______________________________
Delaware
|
001-15288
|
11-3027591
|
(State or Other Jurisdiction
|
(Commission
|
(I.R.S. Employer
|
of Incorporation)
|
File Number)
|
Identification No.)
|
445 Park Avenue,
Suite 912, New York, New York 10022
(Address of Principal
Executive Offices) (Zip Code)
(212) 829-5770
(Registrant’s
telephone number, including area code)
N/A
(Former name or former address,
if changed since last report)
Securities registered
pursuant to Section 12(b) of the Act:
Title
of each class
|
Trading
Symbol(s)
|
Name
of each exchange on which registered
|
Common
Stock, par value $0.01 per share
|
NTIP
|
NYSE American
|
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions:
☐
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
☐
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
☐
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
☐
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act
of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company,
indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised
financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
|
Item 8.01
|
Results
of Operations and Financial Condition.
|
On
June 8, 2021, the Board of Directors of Network-1 Technologies, Inc. (the “Company”) approved an extension of its share
repurchase program (the “Share Repurchase Program”) pursuant to Rule 10(b)-18 of the Securities Exchange Act, as amended,
authorizing the Company to repurchase up to $5,000,000 of shares of its common stock over the next two years. To date, the Company has
repurchased an aggregate of 8,645,659 shares of its common stock under its Share Repurchase Program since inception of the program in
August 2011 at an average price of $1.88 per share or an aggregate cost of $16,286,805 (exclusive of commissions).
A
copy of the press release is attached as Exhibit 99.1.
|
Item 9.01
|
Financial
Statements and Exhibits.
|
(d) Exhibits
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
|
NETWORK-1 TECHNOLOGIES, INC.
|
|
|
|
|
|
|
Dated June 11, 2021
|
By:
|
/s/ David C.
Kahn
|
|
Name:
Title:
|
David
C. Kahn
Chief Financial Officer
|
-3-
Network 1 Technologies (AMEX:NTIP)
Historical Stock Chart
From Jun 2024 to Jul 2024
Network 1 Technologies (AMEX:NTIP)
Historical Stock Chart
From Jul 2023 to Jul 2024