Attached files
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| EX-10.1 - EMPLOYEE AGREEMENT - AARON JACKSON - SharpSpring, Inc. | shsp_ex10-1.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
(Amendment No. 1)
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)
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Delaware
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001-36280
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05-0502529
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(State
or other jurisdiction ofIncorporation or Organization)
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(Commission
File Number)
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(I.R.S.
EmployerIdentification No.)
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5001 Celebration Pointe Avenue, Gainesville, FL
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32608
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(Address
of principal executive offices)
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(Zip
Code)
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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:
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Title
of each class
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Trading
Symbol(s)
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Name of
each exchange on which registered
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Common
Stock, par value $0.001 per share
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SHSP
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NASDAQ
Stock Market
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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.
[ ]
This Amendment No. 1 to Current Report
on Form 8-K (this “Form 8-K/A”) amends
the Current Report on Form 8-K of SharpSpring, Inc.
(the “Company”)
filed with the Securities and Exchange Commission on July 21, 2020
(the “Original Form 8-K”) to
(i) delete Item 1.01 in its
entirety and to include Items 5.02, and 8.01; and (ii) replace in
its entirety Exhibit 10.1 of Item 9.01. This Form 8-K/A
replaces the Original Form 8-K in its entirety.
Item 5.02 Departure of Directors or Certain
Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers
On July
20, 2020, Michael Power stepped down from his role as Chief
Financial Officer of SharpSpring, Inc. (the “Company”). Mr. Power’s departure was not the result of any
disagreement with the Company nor any issue related to the
Company’s financial statements or accounting
practices. Aaron Jackson, the Company’s Corporate
Controller will serve as the Interim Chief Financial Officer and
will continue to operate in that capacity until a new Chief
Financial Officer has been appointed. Mr. Power is expected to
remain with the Company until at least August 14, 2020 in a
non-executive role to assist Mr.
Jackson with his transition into the Interim Chief Financial
Officer position.
On July
20, 2020, Aaron Jackson, the Company’s Corporate Controller,
was appointed by the Company’s board of directors to serve as
the Company’s Interim Chief Financial Officer until the
Company appoints a new Chief Financial Officer. As the
Company’s Interim 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 as 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, age 29 has been with the Company since May 2017, where he
has served as the Company’s Controller since September 2018
and was responsible for the Company’s financial reporting.
Prior to that time while at the Company, Mr. Jackson served as an
assistant controller and as a senior accountant. From April 2015 to
April 2017, Mr. Jackson served as the Restricted and Unrestricted
Funds Accountant at Purdue University, where he was responsible for
managing the accounting of the university’s restricted and
unrestricted funds. 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 entered 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 Equity Incentive 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/A
and is incorporated herein by reference.
Item 8.01 Other Events
On July 21, 2020, the Company issued a press
release regarding its second quarter new customer wins, updates on
its management team, and awards it has received. The full text of
press release is attached as Exhibit 99.1 to
this report and is incorporated herein by
reference.
Item 9.01 Financial Statements and
Exhibits
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Exhibit No.
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Description
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Employee
Agreement – Aaron Jackson*
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Press
Release dated July 21, 2020 (incorporated by reference to the
Company’s Form 8-K filed July 21, 2020)
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*
Included herewith.
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.
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SHARPSPRING,
INC.
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Dated: July 23,
2020
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By:
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/s/
Aaron Jackson
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Aaron
Jackson,
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Interim Chief
Financial Officer
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