SECURITIES AND EXCHANGE COMMISSION
to Section 13 or 15(d) of
Securities Exchange Act of 1934
Date of Report (date of earliest event reported):
June 14, 2018
Western Capital Resources, Inc.
(Exact name of registrant as specified in its
|(State or other jurisdiction of incorporation)
(Commission File Number)
|(IRS Employer |
11550 “I” Street, Suite 150,
Omaha, NE 68137
(Address of principal executive offices) (Zip
(Registrant's telephone number, including area
(Former name or former address, if changed since
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 5.02. Departure of Directors
or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.
On June 14, 2018, Mr. Jonathan
Tipton, director on the Board of Directors (the “Board”) of Western Capital Resources, Inc. (the “Company”),
resigned his position on the Board effective immediately.
On June 14, 2018, Mr. Ellery
Roberts, a current director on the Board, was considered appointed to the Board at the direction of BC Alpha Holdings I (“BC
Alpha”), pursuant to certain director-appointment rights earlier granted to BC Alpha. Such appointment occurred in conjunction
with Mr. Roberts accepting a position as a Managing Director with Blackstreet Capital Management, LLC (“Blackstreet Capital”),
an affiliate of BC Alpha. As a result of Mr. Roberts’ service for Blackstreet Capital and appointment by BC Alpha, he is
no longer “independent” for the purpose of serving on the audit committee and compensation committee of the Board.
The Board is actively searching for an
independent director to fill the vacancy on the Board.
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.
||Western Capital Resources, Inc.|
|Date: June 20, 2018
|| /s/ John Quandahl|
Chief Executive Officer