Attached files
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| EX-10.1 - MONITORING SERVICES AGREEMENT - Track Group, Inc. | ex10-1.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): August 7, 2020
TRACK GROUP, INC.
(Exact name of Registrant as specified in its Charter)
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Delaware
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000-23153
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87-0543981
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(State
or other jurisdiction of incorporation)
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(Commission
File No.)
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(IRS
Employer Identification No.)
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200 E.
5th
Avenue, Suite 100, Naperville,
Illinois 60563
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(Address
of principal executive offices)
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(877)
260-2010
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(Registrant’s
Telephone Number)
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Not
Applicable
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(Former
name or address, if changed since last report)
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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 (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))
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) ☐
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 1.01 Entry into a Material Definitive Agreement.
On August 7, 2020, Track Group, Inc. (the
“Company”) entered into a forty-one month
Monitoring Services Agreement (the “Agreement”) with Gendarmeria de
Chile, the Republic of Chile’s uniform prison service
(“Gendarmeria”). Pursuant to the
terms of the Agreement, the Company provides Gendarmeria with GPS
monitoring devices, certain services, and software to be used for
offenders ordered into a corrections program by the Chilean courts.
In exchange for the products and services provided by the Company,
Gendarmeria shall make periodic payments, the sum of which shall be
determined based on the duration of use of individual units of
equipment.
The foregoing description of the Agreement does not purport to be
complete, and is qualified in its entirety by reference to the full
text of the Agreement, attached to this Current Report on Form 8-K
as Exhibit 10.1, and incorporated by reference herein. Exhibit 10.1
has been translated into English from its original text in
Spanish.
Item 9.01 Financial Statements and Exhibits.
See
Exhibit Index.
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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TRACK GROUP, INC.
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Date:
August 17, 2020
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By:
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/s/
Peter K. Poli
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Peter
K. Poli
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Chief
Financial Officer
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EXHIBIT INDEX
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Exhibit No.
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Description
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Monitoring
Services Agreement between Track Group, Inc. and Gendarmeria de
Chile, the Republic of Chile’s uniform prison service, dated
July 29, 2020
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* Confidential portions of the exhibit have been redacted
from the filed version of the exhibit and are marked with a
[***]