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 29, 2018
MGT Capital Investments, Inc.
| Delaware | 001-32698 | 13-4148725 | ||
| (State
or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS
Employer Identification No.) |
512 S. Mangum Street, Suite 408 Durham, NC |
27701 | (914) 630-7430 | ||
| (Address of principal executive offices) | (Zip Code) | (Registrant’s telephone number, including area code) |
(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 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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 [ ]
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
As previously reported on a Current Report on Form 8-K filed on September 12, 2018, on September 10, 2018, MGT Capital Investments, Inc. (the “Company”) announced that Robert Ladd will be taking a leave of absence from his positions as Chief Executive Officer and President of the Company and that H. Robert Holmes, independent director and Chairman of the Board of Directors of the Company (the “Board”), would assume the duties of Mr. Ladd as Interim President and Chief Executive Officer of the Company. To compensate Mr. Holmes for his added duties and time requirements, on October 29, 2018, the Board approved compensation for Mr. Holmes of $10,000 per month, payable in arrears on the final day of the month, pro-rated as required. The compensation will be retroactive to September 10, 2018 and shall remain in effect until such time as Mr. Holmes is no longer Interim President and Chief Executive Officer.
Signature
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.
| MGT Capital Investments, Inc. | |||
| Date: | October 31, 2018 | By: | /s/ Robert S. Lowrey |
| Name: | Robert S. Lowrey | ||
| Title: | Chief Financial Officer | ||