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 20, 2015 (August 17, 2015)
Spindle, Inc.
(Exact name of registrant as specified in its charter)
Nevada |
| 000-55151 |
| 20-8241820 |
(State or other jurisdiction of incorporation) |
| (Commission File No.) |
| (IRS Employer Identification No.) |
8700 E. Vista Bonita Dr., STE 260
Scottsdale, AZ 85255
(Address of Principal Executive Offices)
Registrants telephone number, including area code: 800-560-9198
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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Agreements of Certain Officers.
On August 17 2015, Lynn Kitzmann informed the board of directors (the Board) of Spindle, Inc. (the Company) that she would resign from her position as Chief Financial Officer (CFO) to pursue personal opportunities. Ms. Kitzmanns decision to resign did not result from any disagreement with the Company, the Companys management, or the Board of Directors. Ms. Kitzmann has served as CFO since February 16, 2015. Ms. Kitzmanns transition with Spindle, Inc. will be effective on August 31, 2015.
On August 17, 2015, to fill the vacancy created by Ms. Kitzmanns resignation, the Board approved John Devlin, current Board member and Chairman of the Audit Committee to serve as interim CFO of the Company, effective immediately.
Family Relationships
There are no family relationships between any of the Companys directors or officers and Mr. Devlin.
Related Party Transactions
There are no related party transactions reportable under Item 404(a) of Regulation S-K.
Compensation Arrangements
The compensation terms with respect to Mr. Devlins arrangement include 180,000 shares of Spindle Restricted Common Stock per six months.
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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.
| Spindle, Inc. | |
| (Registrant) | |
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Date: August 20, 2015 | By: | /s/ William Clark |
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| William Clark |
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| Chairman and Chief Executive Officer |
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