Attached files
| file | filename |
|---|---|
| EX-10.1 - EVmo, Inc. | ex10-1.htm |
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) January 10, 2020
YAYYO, INC.
(Exact name of registrant as specified in its charter)
| Delaware | 001-39132 | 81-3028414 | ||
(State or other jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification Number) |
433 N. Camden Drive, Suite 600 Beverly Hills, California |
90210 | |
| (Address of registrant’s principal executive office) | (Zip code) |
(310) 926-2643
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
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 (see General Instruction A.2. below):
| [ ] | 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)) |
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 $0.000001 per share | YAYO | The Nasdaq Stock Market LLC |
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 [X]
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 Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 10, 2020, YayYo, Inc. (the “Company”) entered into an Executive Employment Agreement (the “Agreement”) with the Company’s Chief Executive Officer, Jonathan Rosen, pursuant to which Mr. Rosen will continue to serve as the Company’s Chief Executive Officer for one year or until terminated in accordance with the Agreement.
Pursuant to the Agreement, Mr. Rosen shall receive a base annual salary at a rate of $300,000 per year ($25,000 per month), subject to applicable taxable withholding and deductions and payable in accordance with the Company’s standard payroll practice. Additionally, Mr. Rosen shall be granted 500,000 options to acquire common shares in the capital of the Company with a price equal to the $4.00 per share in accordance with the Company’s stock option plan.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | |
| 10.1 | Employment Agreement, dated as of January 10, 2020, by and between YayYo, Inc. and Jonathan Rosen, Chief Executive Officer |
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: January 13, 2020 | YAYYO, INC. | |
| By: | /s/ Jonathan Rosen | |
| Name: | Jonathan Rosen | |
| Title: | Chief Executive Officer | |