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EX-99.1 - Bizzingo, Inc.ex99-1.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): April 3, 2012

 

Bizzingo, Inc.
(Exact name of registrant as specified in its charter)

 

Nevada   000-52511   98-0471052
(State or other jurisdiction   (Commission   (IRS Employer
of incorporation)   File Number)   Identification No.)

 

63 Main Street, #202, Flemington, New Jersey   08822
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code:  (908) 968-0838

 

 
(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))

 

 

 

 
 

 

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

 

Effective April 3, 2012, Mr. Elliot (Skip) Stein, Jr. (age 63) was elected to the board of directors of the Bizzingo, Inc. (“Company”).

 

Mr. Stein has over 35 years experience in finance and other industries. Since 2004, he has been a Director of Apollo Investment Corporation, a business development company under the Investment Company Act of 1940, as amended (NASDAQ: AINV) presently serving as its lead independent director. Since 2011, Mr. Stein also has been a director of Global Cornerstone Holdings Limited and Apollo Senior Floating Rate Fund Inc., a non-diversified, closed-end management investment company under the Investment Company Act of 1940, as amended (NYSE:AFT). He is a Managing Director of Commonwealth Capital Partners and has served as Chairman of Caribbean International News Corporation since 1985. Mr. Stein also is a board member of various private companies including Multi-Pak Holdings, LLC., Cohere Communications, and Assay Healthcare Solutions. Mr. Stein is a Trustee of Claremont Graduate University and the New School University. He is a member of the Council on Foreign Relations. He formerly served as a Director of VTG Holdings, Bargain Shop Holdings, Inc. and various other private companies.

 

In connection with his role as a director the Company, Mr. Stein received a stock option grant under the Company’s 2011 Stock Option Plan. The grant enables the new director to acquire 500,000 shares of common stock at a price per share of $0.28.

 

There are no family relationships between our new director and our other officers and/or directors. Except as stated herein, there have been no transactions since the beginning of our last fiscal year, or any currently proposed transaction, in which we were or are to be a participant, exceeding $120,000 and in which our new director had or will have a direct or indirect material interest. There is no material plan, contract or arrangement (whether or not written) to which the new director is a party or in which each party participates that is entered into or a material amendment in connection with the triggering event or any grant or award to any such covered person or modification thereto, under any such plan, contract or arrangement in connection with any such event.

 

Item 7.01 Regulation FD Disclosure.

 

On April 10, 2012, the Company issued the Press Release with respect to Mr. Stein, a copy of which is attached hereto as Exhibit 99.1

 

Note: The information in this report (including the exhibit) is furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section. This report will not be deemed an admission as to the materiality of any information in the report that is required to be disclosed solely by Regulation FD.

 

Item 9.01. Financial Statements and Exhibits.

 

Exhibit No.

99.1     Press Release dated April 10, 2012.

 

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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.

 

Bizzingo, Inc.

 

Date: April 17, 2012

 

/s/ Douglas Toth  

Douglas Toth

Chairman

 

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