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EX-99.1 - PRESS RELEASE - SharpSpring, Inc.shsp_ex991.htm
EX-10.1 - EMPLOYMENT AGREEMENT - SharpSpring, Inc.shsp_ex101.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): July 20, 2020
 
SharpSpring, Inc.
(Exact name of registrant as specified in its charter)
 
Delaware
 
001-36280
 
05-0502529
(State or other jurisdiction ofIncorporation or Organization)
 
(Commission File Number)
 
(I.R.S. EmployerIdentification No.)
 
5001 Celebration Pointe Avenue, Gainesville, FL
 
32608
(Address of principal executive offices)
 
(Zip Code)
 
Registrant’s telephone number, including area code: 888-428-9605 
 
(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:
 
[  ] 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 $0.001 per share
SHSP
NASDAQ Stock Market
 
Indicate by check mark whether the registrant is an emerging growth company as defined in 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 checkmark 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 1.01 
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
 
On July 20, 2020, Michael Power, the Company’s current Chief Financial Officer, will step down from his role as Chief Financial Officer. Mr. Power is expected to remain with the Company for a limited time in a non-executive role to with his transition of the Chief Financial Officer position. Aaron Jackson, the Company’s Corporate Controller will serve as the interim CFO and will continue to operate in that capacity until a new CFO has been appointed.
 
The Company’s Board of Directors appointed Mr. Jackson to serve as the Company’s interim Chief Financial Officer commencing on July 20, 2020 to hold office until the earlier election and qualification of his respective successor or until his earlier resignation or removal. As the Company’s Chief Financial Officer, Mr. Jackson will be responsible for overseeing the Company’s financial reporting and all other finance functions of the Company and all of the Company’s subsidiaries.
 
There are no arrangements or understandings between Mr. Jackson and any other persons pursuant to which he was appointed the Company’s Chief Financial Officer. There is no family relationship between Mr. Jackson and any director, executive officer, or person nominated or chosen by the Company to become a director or executive officer of the Company. The Company has not entered into any transactions with Mr. Jackson that would require disclosure pursuant to Item 404(a) of Regulation S-K under the Securities Exchange Act of 1934.
 
Mr. Jackson has been with SharpSpring since 2017. Mr. Jackson holds an active CPA license in the state of Indiana and obtained a Bachelor of Science in Accounting and Master of Science in Accounting from Purdue University.
 
Mr. Jackson will enter into a written employee agreement with the Company whereby Mr. Jackson will receive as compensation, among other things, a base salary of $170,000 per year. Additionally, Mr. Jackson will be granted an option to purchase up to 10,000 shares of the Company’s common stock pursuant to the Company’s 2019 Restated Employee Stock Plan. The options shall vest over a two year period, with 50% vesting after one year and monthly vesting thereafter. A copy of Mr. Jackson’s employee agreement is attached as Exhibit 10.1 to this Form 8-K.
 
Exhibit No.
 
Description
 
Employee Agreement – Aaron Jackson
 
Press Release dated July 21, 2020
 
 
 
 
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.
 
 
SHARPSPRING, INC.
 
 
 
 
 
Date: July 20, 2020
By:  
/s/ Aaron Jackson  
 
 
 
Aaron Jackson
 
 
 
Chief Financial Officer