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EX-99.1 - PRESS RELEASE - Triton Emission Solutions Inc.dsox_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


January 6, 2015

Date of Report (Date of earliest event reported)


TRITON EMISSION SOLUTIONS INC.

(Exact name of registrant as specified in its charter)



DELAWARE

000-33309

33-0953557

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

 

  

  

151 San Francisco St., Suite 201

San Juan, Puerto Rico

  

00901

(Address of principal executive offices)

  

(Zip Code)


1 (800) 648-4287

Registrant's telephone number, including area code


NOT APPLICABLE

(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))












ITEM 8.01  OTHER EVENTS


On January 6, 2015, Triton Emission Solutions International AB (the “Subsidiary”), a wholly owned subsidiary of Triton Emission Solutions Inc. (the “Company”), entered into an Employment Agreement with Anders Karlsson. Under the terms of the Employment Agreement, Mr. Karlsson agreed to act as the Subsidiary’s President and Chief Executive Officer.  As President and Chief Executive Officer of the Subsidiary, Mr. Karlsson will carry out the directives of the Subsidiary’s board of directors.  


Mr. Karlsson has over two decades experience working with engine and plant designs and projects in various companies in the energy sector, including project management for large power plants based on steam and gas turbines. Mr. Karlsson received his degree in Engineering with a concentration in Energy Technology from Umeå University in 1985.


Mr. Karlsson will be entitled to an annual salary of USD$120,000 payable retroactively, beginning as of December 1, 2014. In addition, the Company has agreed to grant to Mr. Karlsson options (the “Options”) to purchase up to 100,000 shares of the Parent’s common stock at an initial exercise price of $0.50 per share under the Company’s 2014 Stock Option Plan. The Options will vest on December 1, 2015, and will expire on December 31, 2020, subject to  certain early termination conditions.   


A copy of the Company’s news release regarding the appointment of Mr. Karlsson is attached as Exhibit 99.1 hereto



ITEM 9.01  FINANCIAL STATEMENTS AND EXHIBITS


(d)  Exhibits


Exhibit

Description

99.1

News Release



























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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, hereunto duly authorized.

 

 

POLY SHIELD TECHNOLOGIES INC.

 

 

 Date:   January 12, 2015

By:  /s/ Rasmus Norling

 

 

 

Name: Rasmus Norling

 

Title:   CEO












































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