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EX-99.1 - EXHIBIT 99.1 - SONIC FOUNDRY INCmozdenpr080520.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

August 11, 2020 (August 5, 2020)
Date of Report (Date of earliest event reported)
 
Sonic Foundry, Inc.
(Exact name of registrant as specified in its charter)
 
Maryland
(State or other jurisdiction
of incorporation)
 
000-30407
(Commission
File Number)
 
39-1783372
(IRS Employer
Identification No.)

222 W. Washington Ave
Madison, WI 53703
(Address of principal executive offices)
(608) 443-1600
(Registrant's telephone number)

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))
 
 
 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 5, 2020, the Board of Directors (the "Board") of Sonic Foundry, Inc. (the "Company") appointed Joseph Mozden to serve as the Chief Executive Officer effective September 14, 2020. There was no arrangement or understanding between Mr. Mozden on the one hand, and any other person, on the other hand, pursuant to which Mr. Mozden was selected as Chief Executive Officer. Mr. Mozden does not have a family relationship with any current director or executive officer of the Company.

Effective September 14, 2020, Michael Norregaard will no longer serve as Chief Executive Officer.

Item 8.01 Other Events.

On August 5, 2020, the board issued a press release announcing the appointment of Joseph Mozden as Chief Executive Officer. The full text of the press release is attached herewith as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.







Item 9.01 Financial Statements and Exhibits.

(d)        Exhibits

99.1
Text of press release dated August 5, 2020
EXHIBIT LIST

NUMBER DESCRIPTION



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 thereunto duly authorized.
 
Sonic Foundry, Inc.
(Registrant)
 
 
August 11, 2020        
 
 
 
By:
 
/s/ Kelsy L. Boyd
By:
 
Kelsy L. Boyd
Title:
 
Chief Financial Officer