Attached files
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| EX-10.1 - EXHIBIT 10.1 - T5 Corp. | t58kex101_7102012.htm |
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OMB APPROVAL
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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OMB Number: 3235-0060
Expires: March 31, 2014
Estimated average burden
hours per response……………5.00
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FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
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July 10, 2012
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000-53101
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Date of Report (Date of earliest event reported)
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Commission File Number
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T5 CORP.
(formerly Gallery Management Holding Corp.)
(Exact name of registrant as specified in its charter)
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Colorado
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26-0811822
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(State or other jurisdiction of incorporation or organization)
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(I.R.S. Employer Identification Number)
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4 Grouse Terrace
Lake Oswego, Oregon 97035
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(Address of Principal Executive Offices) (Zip Code)
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(503) 789-0316
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(Registrant’s telephone number, including area code)
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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:
r Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
r Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
r Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
r Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 8.01
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Other Events
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On July 10, 2012, all of the employees of and consultants to T5 Corp. (the “Company”) have agreed to cancel and return to the Company all shares of Common Stock received under the 2012 Stock Incentive Plan (the “Plan”). All shares granted under the Plan will be cancelled, and in lieu each employee and consultant has agreed to accept shares of restricted Common Stock subject to a one-year vesting period. The number of shares of restricted stock will equal 120% of the surrendered shares. The certificates representing such shares of restricted stock will be held by the Company until the vesting condition has been satisfied, and none of the restricted shares may be sold, transferred, hypothecated or pledged during the vesting period. A form of the Cancellation Agreement signed by each employee and consultant is attached as an exhibit.
The Company intends to withdraw the S-8 registration statement filed with the Securities and Exchange Commission to registered shares to be issued under the Plan.
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Item 9.01
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Financial Statements and Exhibits.
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(d) Exhibits
10.1 Form of Cancellation Agreement
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.
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T
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T5 CORP.
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July 10, 2012
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/s/ R. Patrick Garrett
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Name:
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R. Patrick Garrett
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Title:
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Chief Executive Officer
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