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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8K
Current Report
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
January 8, 2016 (January 8, 2016)
Commission File No. 000-54636
SIGNAL ADVANCE, INC.
(Exact name of registrant as specified in its charter)
Texas
(State or Other Jurisdiction of Incorporation or Organization)
76-0373052
(IRS Employer Identification Number)
2520 County Road 81
Rosharon, Texas 77583
(713) 510-7445
(Address and telephone number of principal executive offices)
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))
1
Section 1 - Registrant's Business and Operations
Item 1.01 Entry into a Material Definitive Agreement.
On January 8, 2016, Signal Advance, Inc., a Texas corporation (the "Company"),
entered into a Consulting Agreement (the "Consulting Agreement") with Kevin
Fickle, an individual ("Consultant"). The Consulting Agreement is for a term of
eight (8) months and requires Consultant to provide certain investor relations
services to the Company in exchange for 200,000 shares of the Company's common
stock (the "Shares").
The Shares are to be issued pursuant to the exemption from registration provided
by Section 4(2) of the Securities Act of 1933. The sale of the Shares does not
involve a public offering, and there was no general solicitation or general
advertising involved in the offer or sale of the Shares. The Company provided
access to all material information that Consultant requested and all information
necessary to verify such information, and Consultant was afforded access to the
Company's management in connection with the issuance of the Shares. Consultant
os acquiring the Shares for investment purposes and not with a view toward
distribution, acknowledging such intent to the Company. Consultant understands
the ramifications of its actions. The Shares contain a legend restricting
transferability absent registration or applicable exemption.
The description of the Consulting Agreement, above, is qualified in its entirety
by reference to the full text of the Consulting Agreement, which is filed as
Exhibit 10.1 and incorporated in this Item 1.01 by reference.
Section 3 - Securities and Trading Markets
Item 3.02 Unregistered Sales of Equity Securities.
The disclosure required by this Item 3.02 is included in Item 1.01 and is
incorporated herein by reference.
Section 9 - Financial Statements and Exhibits.
Item 9.01 Financial Statements and Exhibits.
d) Exhibits
10.1 Consulting Agreement
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.
Signal Advance, Inc.
Dated: January 8, 2016 /s/ Chris M. Hymel
-----------------------------
By: Chris M. Hymel, President
& Chief Executive Officer
