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): October 12, 2016
SYMBID CORP.
(Exact
name of registrant as specified in its charter)
Nevada
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333-177500
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45-2859440
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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Marconistraat 16
3029 AK Rotterdam, The Netherlands
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N/A
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(Address
of principal executive offices)
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(Zip
Code)
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+
31 (0) 1 089 00 400
(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 (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
1.01
Entry
into a Material Agreement
Effective October
12, 2016, in light of the Company’s precarious financial
condition, each of our three executive officers, Korstiaan
Zandvliet, Maarten van der Sanden and Robin Slakhorst, executed
amendments to their respective employment agreements pursuant to
which each executive agreed to have their base salaries reduced to
zero retroactive to August 1, 2016. No other changes were made to
the employment agreements.
The
Company is investigating the options available for further cost
reductions.
Item
5.02
Departure
of Directors or Certain Officers; Election of Directors,
Appointment of Certain Officers; Compensatory Arrangement of
Certain Officers.
The
information set forth above under Item 1.01 is incorporated herein
by reference.
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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.
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SYMBID
CORP.
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Date: October 14, 2016 |
By:
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/s/
Korstiaan
Zandvliet
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Name:
Korstiaan
Zandvliet
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Title:
President
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