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EX-10.1 - EMPLOYMENT AGREEMENT - Mobiquity Technologies, Inc.mobiquity_8k-1001.htm

U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K/A

 

CURRENT REPORT

 

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): December 19, 2014 (December 2, 2014)

 

 

Mobiquity Technologies, Inc.

(Exact name of registrant as specified in its charter)

 

New York

(State or jurisdiction of incorporation or organization)

 

000-51160

(Commission File Number)

 

11-3427886

(I.R.S. Employer Identification Number)

 

600 Old Country Road, Suite 541, Garden City, NY 11530

(Address of principal executive offices (Zip Code)

 

Registrant's telephone number: (516) 256-7766

 

                                                                                             

(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 (17CFR 240.14d-2(b))

 

[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17CFR 240.13e-4(c))

 

 
 

 

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

 

On December 2, 2014, Thomas Arnost, a director, entered into a three-year employment contract to become executive chairman of the Registrant.

 

Employment Agreement of Executive Chairman

 

In December 2014, we entered into a three-year employment agreement with Thomas Arnost serving as Executive Chairman of the board. Mr. Arnost receives a monthly salary of $10,000 plus an annual grant of options for serving on the board of directors. In the event of his termination, by Mr. Arnost or by the company for cause, Mr. Arnost will receive his pay through the termination date. In the event that Mr. Arnost is terminated without cause, he shall be entitled to receive his salary paid through the end of the term of his agreement. Mr. Arnost may terminate the agreement at any time by giving three months prior written notice to our board of directors. Mr. Arnost will also be entitled to indemnification against all claims, judgments, damages, liabilities, costs and expenses (including reasonably legal fees) arising out of, based upon or related to his performance of services to us, to the maximum extent permitted by law. Mr. Arnost’s employment agreement has been filed as an exhibit hereto.

 

 

Item 9.01. Financial Statements and Exhibits.

 

Exhibit Description
   
10.1 Employment Agreement dated December 2, 2014 – Thomas Arnost (filed herewith).

 

 

SIGNATURE

 

Pursuant to the requirements of Section 13 or 15(b) 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.

 

 

  MOBIQUITY TECHNOLOGIES, INC.
   
   
Dated: December 19, 2014 By: /s/ Dean L. Julia    
  Dean L. Julia, Co-Chief Executive Officer