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): January 17, 2017
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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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☐
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Written
communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
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☐
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Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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☐
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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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☐
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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
January 17, 2017, Mr. Amir Elbaz resigned from his positions as
chief executive officer of of MobileSmith, Inc. (the
“Company”). Mr. Elbaz will continue to serve on the
Company’s board of directors (the "Board”) and will
continue in the employ of the Company primarily focusing on
investor and public relations and regulatory and operational
compliance. Mr. Elbaz's annual base salary compensation will be
$100,000.
On
January 17, 2017 the Board appointed current board member Randy J.
Tomlin, age 57, to assume responsibilities of Chairman of the
Board. The appointment takes effect immediately.
Until
his retirement in February 2016, Mr. Tomlin, served as a Senior
Vice President UVerse Field Operations for AT&T, a
position he has held since March 2008. At UVerse Field
Operations for AT&T Mr. Tomlin was responsible for all field
operations for AT&T Uverse, including service,
installation at customer homes, repair and maintenance.
From 2006 to 2008 Mr. Tomlin was a President of AT&T Network
– California and Nevada, where he was in charge of teams that
engineered, built and maintained the networks that carried all
network traffic in two states. Mr. Tomlin began his career with
Southwestern Bell in 1982, and has held various managerial
positions in Customer Service, Network and External Affairs
throughout his 34year career at AT&T. During his career
with AT&T he also served as Senior Vice President of Enterprise
Operations Support, responsible for leading the Network Services
Staff organization as well as the network standardization effort to
move to common centers, best practices and a single suite of
systems. Mr. Tomlin led many of SBC’s acquisitions
integration activities, including AT&T, BellSouth, and
Cingular.
Mr.
Tomlin received his bachelor’s degree in Finance from Texas
A&M University in College Station, Texas.
In
connection with his expanded duties, Mr. Tomlin's monthly
compensation was adjusted to $10,000, effective immediately. All
other terms and conditions of Mr. Tomlin's compensation remain
unchanged.
On
January 17, 2017 the Board appointed Bob Dieterle, the Company's
President, to serve as Chief Executive Officer of the Company,
effective immediately.
Bob
Dieterle has been Company President since August 1, 2016, Chief
Operating Officer since May 2014 and our Senior Vice President and
General Manager since January 2011. Mr. Dieterle is Chief Innovator
of the Company’s flagship product, the MobileSmith™
Platform. Mr. Dieterle brings with him over 20 years of global
technology experience from companies like IBM and Lenovo and is an
accomplished thought leader in the adoption and commercialization
of emerging technologies at the consumer and enterprise levels.
Prior to joining the Company, Mr. Dieterle served as the Executive
Director of World Wide Product Management and Marketing of Services
at Lenovo from 2006 to 2009. Mr. Dieterle has a B.S. in Electrical
Engineering from North Carolina State University, and an M.B.A.
from Duke University’s Fuqua School of Business.
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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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Company Name
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Date: January
20, 2017
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By:
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/s/ Gleb
Mikhailov
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Gleb
Mikhailov
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Chief Financial
Officer
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