Current Report Filing (8-k)
17 March 2017 - 12:08AM
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): March 10, 2017
SITO
MOBILE, LTD.
(Exact
name of registrant as specified in its charter)
Delaware
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001-37535
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13-4122844
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(State
or other jurisdiction
of Incorporation)
|
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(Commission
File Number)
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(I.R.S.
Employer
Identification
No.)
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The
Newport Corporate Center, 100 Town Square Place, Suite 204, Jersey City, NJ 07301
(Address
of principal executive offices) (Zip Code)
(201)
275-0555
(Registrant’s
telephone number, including area code)
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:
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☐
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item
5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
Effective
March 10, 2017, Kurt Streams resigned as Chief Financial Officer and Chief Operating Officer of SITO Mobile, Ltd. (the “Company”).
On
March 14, 2017, Lawrence Firestone was appointed to serve as Interim Chief Financial Officer of the Company.
Mr.
Firestone, age 59, is the Chief Executive Officer and President of FirePower Technology, Inc., a provider of power supplies to
the high performance computing market, a position he has held since January 2014. From June 2012 through June 2013, Mr. Firestone
served as Chief Executive Officer and President of Qualstar Corporation (Symbol: QBAK), a public manufacturer of tape libraries.
Previously, from February 2011 through June 2012, Mr. Firestone served as Chief Financial Officer of Xiotech Corporation, a privately
held manufacturer of performance hard disk storage serving big data users. Mr. Firestone is also a member of InterimExecs (
interimexecs.com
) a
service provider of interim executives to fill the immediate needs of companies around the world and he performs
interim executive consulting services. Mr. Firestone's public company management experience also includes Executive
Vice President and Chief Financial Officer of Advanced Energy Industries, Inc. (Symbol: AEIS), Senior Vice President and
Chief Financial Officer at Applied Films Corporation (Symbol: AFCO). Mr. Firestone's public company board experience includes
CVD Equipment (Symbol: CVV), Qualstar Corporation (Symbol: QBAK), Amtech Systems, Inc. (Symbol: ASYS) and Hyperspace Communications,
Inc. (Symbol: HCO).
Mr.
Firestone is contracted through an Interim Executive Advisory Agreement (the “Advisory Agreement”) between the Company
and Rapid Deployment LLC (“RD”). Pursuant to the Advisory Agreement, the Company shall pay a monthly fee of $50,000
and reimburse RD for certain expenses related to Mr. Firestone’s provision of services to the Company. The Advisory Agreement
can be terminated upon 30 days advance notice and provides for indemnification of RD by the Company under certain circumstances.
There
is no arrangement or understanding with any person pursuant to which Mr. Firestone was selected as Interim Chief Financial
Officer, and there are no family relationships between Mr. Firestone and any director or executive officer of the Company.
A
copy of the Company’s press release announcing Mr. Streams resignation and Mr. Firestone’s appointment is attached
as Exhibit 99.1 to this Current Report on Form 8-K.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits.
Exhibit
No.
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Description
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99.1
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Press
Release dated March 16, 2017
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SIGNATURES
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.
Date: March
16, 2017
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SITO
MOBILE, LTD.
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By:
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/s/
Richard O’Connell Jr.
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Name:
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Richard O’Connell Jr.
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Title:
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Interim
CEO
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EXHIBIT
INDEX
Exhibit
No.
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Description
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99.1
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Press
Release dated March 16, 2017
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4
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