Attached files
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| EX-99.1 - PRESS RELEASE - SharpSpring, Inc. | shsp_ex991.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): August 17,
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 of
Incorporation or Organization)
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(Commission File Number)
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(I.R.S. Employer
Identification No.)
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5001 Celebration
Pointe Ave. Ste. 410 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
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(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))
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).
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Emerging growth company ☐
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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
5.02 Departure
of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
Resignation of Marietta Davis
On
August 17, 2020, Marietta Davis submitted to SharpSpring,
Inc.’s (the “Company”) Board of Directors (the
“Board”) a letter of resignation to be effective
immediately upon such acceptance. On August 17, 2020, the Board
accepted Ms. Davis’ resignation. Ms. Davis’ resignation
is not a result of any disagreement between herself and the
Company, its management, the Board or any committee of the
Board.
Appointment of Savneet Singh
On
August 17, 2020, the Board elected Savneet Singh to serve as a
member of the Board. Mr. Singh’s initial term as a member of
the Board will continue until the Company’s 2021 annual
stockholder’s meeting or until his successor is duly
appointed.
Mr.
Singh, age 37, serves as the Chief Executive Officer and as a board
member of PAR Technology Corporation (NYSE: PAR), a leading global
provider of cloud-based Point of Sale (“POS”) software,
hardware, and service solutions to the restaurant, retail and
hospitality industries worldwide. He has held these positions since
2019. Mr. Singh has also been a partner and co-founder of CoVenture
since 2018 and he also currently serves on the board of directors
at Osprey Technology Acquisition Corp. (NYSE: SFTW), a special
purpose acquisition company (“SPAC) focused on acquisitions
in the software space. Mr. Singh was a partner at Tera Holdings, a
holding company for software companies, from 2017 to 2019. From
2009 to 2017 Mr. Singh was a co-founder of Gold Bullion
International, a precious metal trading platform. Mr. Singh
received a Bachelor of Science degree from Cornell
University.
Mr.
Singh has been named to serve on the Board’s Compensation
Committee and Audit Committee committees of the Board. Mr. Singh
will receive compensation commensurate with other non-employee
directors of the Company, which currently includes an option grant
of 16,000 options, vesting over four years, with 25% vesting on the
first anniversary of the grant date and an additional 1/48 of the
original number of options vesting each month and a quarterly
stipend of $11,250, with $7,500 and $3,750 payable in Company stock
issued in arrears and cash, respectively.
Item 8.01 Other Events.
Press Release
On August 19, 2020, the Company issued a press release announcing
the election of Savneet Singh as a member of the Board and the
resignation of Marietta Davis from the Board. A copy of the press
release is attached as Exhibit 99.1 to this report and incorporated
herein by reference.
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Exhibit No.
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Description
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Press release dated August 19,
2020.
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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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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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Dated: August 19, 2020