Attached files
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EX-10.1 - EMPLOYMENT AGREEMENT, DATED NOVEMBER 29, 2017, BETWEEN AERKOMM INC. AND PETER CH - Aerkomm Inc. | f8k112917ex10-1_aerkomm.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): December 4, 2017 (November 29, 2017)
AERKOMM INC. |
(Exact name of registrant as specified in its charter) |
Nevada | 333-192093 | 46-3424568 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
923 Incline Way #39, Incline Village, NV 89451 |
(Address of principal executive offices) |
(877) 742-3094 |
(Registrant's telephone number, including area code) |
44043 Fremont Blvd., Fremont, CA 94538 |
(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 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)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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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 29, 2017, Aerkomm Inc. (the “Company”) entered into an employment agreement with Mr. Peter Chiou (the “Employment Agreement”), the Company’s Chief Executive Officer, effective November 1, 2017. Pursuant to the terms of the Employment Agreement, the Company has agreed to pay Mr. Chiou an annual salary of $144,000, or $12,000 per month, beginning November 1, 2017.
The Employment Agreement also provides that Mr. Chiou is entitled to twenty (20) working days of vacation per year and that he is eligible to participate in the standard benefits plans offered to similarly situated employees by the Company from time to time, subject to plan terms and generally applicable Company policies. The Employment Agreement contains covenants prohibiting Mr. Chiou from competing with the Company during his employment, or from soliciting any employees or consultants of the Company for a period of two years after his employment ends. The Employment Agreement also contains customary confidentiality provisions. The Employment Agreement may be terminated by either party for any reason upon 30 days’ notice.
The foregoing description of the Employment Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Employment Agreement filed as Exhibit 10.1 to this Form 8-K, which is incorporated herein by reference.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
The following exhibits are filed herewith:
Exhibit No. | Description of Exhibit | |
10.1 | Employment Agreement, dated November 29, 2017, between Aerkomm Inc. and Peter Chiou |
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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.
Date: December 4, 2017 | AERKOMM INC. |
/s/ Y. Tristan Kuo | |
Name: Y. Tristan Kuo | |
Title: Chief Financial Officer |