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EX-99.1 - EX-99.1 - GlyEco, 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): January 8, 2014

GLYECO, INC.
(Exact Name of Registrant as Specified in Its Charter)
 
Nevada
 
000-30396
 
45-4030261
(State or Other Jurisdiction of Incorporation)
 
(Commission File Number)
 
(IRS Employer Identification No.)
         
4802 East Ray Road, Suite 23-408
Phoenix, Arizona
     
85044
(Address of Principal Executive Offices)
     
(Zip Code)

Registrant’s telephone number, including area code: (866) 960-1539
 
N/A
(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.

Appointment of Certain Officers

On January 8, 2014, the Company announced that Todd Smith was appointed as Chief Operating Officer of the Company, effective immediately.

Prior to being appointed Chief Operating Officer, Mr. Smith, 52, served as Senior VP Sales, Mergers & Acquisitions of the Company since 2010.  From 1995 to 2008, Mr. Smith served as President of Northeast Environmental Services, Inc. (“NES”), located in Cumberland, Rhode Island.  NES specialized in the recycling of used engine coolants, and the distribution of recycled automotive antifreezes, as well as various other collection and disposal services offered to the customer base.  Mr. Smith was responsible for all aspects of the NES operations, and by 2007, NES had gone from its infancy to achieving approximately $4,000,000 in annual revenues.  Mr. Smith supervised the daily operations, research and development, and finances of NES.  Additionally, Mr. Smith was directly involved in the development of a sales force that led to a customer base of over 3,000 clients, maintaining account relations and retention, and the expansion of NES from a 100 mile radius to the entire Northeastern United States.  In 2000 and 2003, Mr. Smith was nominated for the Small Business Association Entrepreneur of the Year Award.

There is one family relationship that exists between Mr. Smith and the Company’s officers and directors.  Mr. Smith is the brother of Keri Smith, who was elected to the Company’s Board of Directors by the shareholders of the Company on July 29, 2013.
 
There are no related party transactions reportable under Item 404(a) of Regulation S-K.

A copy of the press release announcing the foregoing is attached hereto as Exhibit 99.1 and is incorporated by reference herein.
 
Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit
Number:
 
 
Description of Exhibit:
 
99.1
 
 
 
 

 

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 thereunto duly authorized.

   
GLYECO, INC.
 
       
 Dated: January 14, 2014
By:
/s/ John Lorenz
 
   
John Lorenz
President and Chief Executive Officer, Director
(Principal Executive Officer)