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): April 17,
2020
|
PAID, Inc.
|
(Exact
Name of Registrant as Specified in Charter)
|
Delaware
|
|
0-28720
|
|
73-1479833
|
|
(State
or Other Jurisdiction
of
Incorporation
|
|
(Commission
File
Number)
|
|
(IRS
Employer
Identification
No.)
|
|
225 Cedar Hill Street Suite 200
Marlborough, Massachusetts
|
|
01752
|
|
(Address
of Principal Executive Offices)
|
|
(Zip
Code)
|
Registrant’s telephone number, including area
code: (617)
861-6050
(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:
|
Type of each Class
|
Trading Symbol(s)
|
Name of each exchange on which registered
|
|
Common
|
PAYD
|
|
Indicate
by checkmark whether the registrant is an emerging growth company
as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) of 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
8.01.
Other Events
On
March 27, 2020, the Board of Directors voted to fix the number of
directors who serve on the Board of Directors of Paid, Inc. from
five to three. As such, pursuant to the Bylaws and Delaware General
Corporation Law, the terms of Mr. W. Austin Lewis IV and Mr. Allan
Pratt expired on April 17, 2020 and did not renew for an additional
three year term.
SIGNATURE
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:
April 20, 2020
|
By:
|
/s/ W. Austin
Lewis, IV
|
|
|
|
W.
Austin Lewis, IV, INTERIM CEO, CFO
|