Attached files
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| EX-10.1 - FORM OF STOCK OPTION AWARD AGREEMENT - MobileSmith, Inc. | most_agreement.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): November 21, 2016
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MOBILESMITH, INC.
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(Exact
Name of Registrant as Specified in Its Charter)
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Delaware
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(State
or Other Jurisdiction of Incorporation)
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001-32634
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95-4439334
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(Commission File
Number)
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(IRS
Employer Identification No.)
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5400 Trinity Rd., Suite 208
Raleigh, North Carolina
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27607
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(Address of
Principal Executive Offices)
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(Zip
Code)
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855-516-2413
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(Registrant’s
Telephone Number, Including Area Code)
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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:
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☐ Written
communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
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☐ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
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☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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Item 5.02 Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
On
November 21, 2016, the Board of Directors (the "Board") of
MobileSmith, Inc. (the "Company") approved grants of options under
the Company’s 2016 Equity Incentive Plan (the “2016
Plan”) to senior executive officers and non-management
employees to purchase a total of 1,500,000 shares of the
Company’s common stock, par value $0.001 per share (the
“Common Stock”).
In all cases, the options granted by the Board
have a four-year term and are scheduled to vest on a quarterly
basis, in 12 equal quarterly installments at the end of each
quarter, beginning with the quarter ending December 31, 2016. The
options have an exercise price per share equal to
$1.49, which was the closing price per share of the
Company's Common Stock on November 21, 2016, the grant date. The
form of Stock Option Award Agreement for the stock option grants is
attached as Exhibit 10.1 to this Current Report on Form 8-K and is
incorporated herein by reference.
From the above grants, Amir Elbaz, the
Company’s Executive Chairman of the Board received options to
purchase 190,0000 shares of the Company’s Common Stock; Bob
Dieterle, the Company’s President and Chief Operating
Officer, received options to purchase 175,000 shares; Gleb
Mikhailov, the Company’s Chief Financial officer, received
options to purchase 135,000 shares. The Board also awarded under
the 2016 Plan options for 1,000,000 shares of the Company’s Common Stock to
non-management employees of the Company.
Item 9.01 Financial Statements and Exhibits.
(d)
Exhibits
10.1
Form of Stock Option Award Agreement
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 herunto duly authorized.
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MobileSmith
Inc.
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Date:
November 28, 2016
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By:
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/s/
Gleb Mikhailov
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Name:
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Gleb
Mikhailov
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Title:
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Chief
Financial Officer
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