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EX-99.1 - EXHIBIT 99.1 - TOWERSTREAM CORPex99-1.htm
EX-10.1 - EXHIBIT 10.1 - TOWERSTREAM CORPex10-1.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): September 14, 2016

 

Towerstream Corporation


(Exact Name of Registrant as Specified in Charter)

 

Delaware

  

001-33449

  

20-8259086

(State or other jurisdiction
of incorporation)

  

(Commission File

Number)

  

(IRS Employer
Identification No.)

 

88 Silva Lane

Middletown, RI

  

02842

(Address of principal executive offices)

  

(Zip Code)

 

Registrant’s telephone number, including area code: (401) 848-5848

 

 

(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 DFR 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 September 15, 2016, Towerstream Corporation (the “Company”) issued a press release announcing that the Company has entered into a consulting agreement (the “Agreement”) with Ernie Ortega (the “Consultant”) to provide consulting services related to sales and marketing.

 

Subject to the provisions for termination in the Agreement, the term of the Agreement shall commence on September 14, 2016 and shall terminate on December 31, 2016 (the “Term”). In consideration of the services to be rendered by the Consultant, the Consultant shall receive 25,000 stock options per month and (ii) $12,000 cash per month. The options shall vest on the date of grant.

 

The information in this report (including Exhibit 99.1 hereto) is being “furnished” and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, is not subject to the liabilities of that section and is not deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as shall be expressly set forth by specific reference in such a filing.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.

Description

 

  

10.1

Consulting Agreement

99.1

Press Release issued September 15, 2016

 

 
 

 

 

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.

 

 

TOWERSTREAM CORPORATION

 

 

 

 

 

 

 

 

 

Dated: September 15, 2016 

By:

/s/ Philip Urso 

 

 

 

Philip Urso

 

 

 

Interim Chief Executive Officer