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):
September 20, 2015
ADAPTIVE MEDIAS, INC.
(Exact name of registrant as specified in
its charter)
Nevada |
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000-54074 |
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26-0685980 |
(State or Other Jurisdiction of Incorporation) |
|
(Commission File Number) |
|
(IRS Employer Identification Number) |
16795 Von Karman Avenue, #240
Irvine, CA 92606
(Address of principal executive offices)
(zip code)
949-525-4466
(Registrant's telephone number, including
area code)
N/A
(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
(see General Instruction A.2. below):
|
¨ |
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)) |
Item 5.02 Departure of Directors or
Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective September 20, 2015, the Board of Directors (the “Board”)
of Adaptive Medias, Inc. (the “Company”) appointed the Company’s interim CEO, John Strong, as the Company’s
Chief Executive Officer and Chairman of the Board.
John B. Strong, age 55, has more than 30 years of senior
level executive and financial experience in the technology industry. Prior to his appointment to the position of interim Chief
Executive Officer at Adaptive Medias, he founded, invested and managed a number of successful technology-based companies, including
www.communly.com, a Los Angeles-based social media company; www.combotrip.com, a New Mexico-based travel site; www.trychec.com,
a London-based payment platform; www.scoutalarm.com, a high-tech home security company; www.thestorefront.com, the "AirBNB
for retail space;" www.boxbee.com, a San Francisco-based on-demand storage company; and www.matterfab.com, a leading
industrial metal 3D printing company. Mr. Strong holds a Bachelors Degree from the University of New Mexico.
Family Relationships
There are no family relationships between Mr. Strong and any
other employees or members of the board of directors of the Company.
Related Party Transactions
There are no related party transactions with regard to Mr. Strong
reportable under Item 404(a) of Regulation S-K.
Material Plans, Contracts, or Arrangements
Mr. Strong is not a party to any material plan, contract, or
arrangement (whether or not written) in connection with his appointment as Chairman of the Board and Chief Executive Officer of
the Company.
Item 8.01. Other Events.
On September 22, 2015 the Company issued a press release announcing
the appointment of John Strong, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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Exhibit No.
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Description |
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99.1 |
Press Release dated September 22, 2015 |
SIGNATURES
Pursuant to the requirements of the Securities
and 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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ADAPTIVE MEDIAS, INC. |
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Date: September 22, 2015 |
By: |
/s/ John Strong |
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Name: |
John Strong |
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Title: |
Chairman and Chief Executive Officer |
Exhibit 99.1
- - PRESS RELEASE - -
Investor Contact:
Max Pashman
mpashman@irpartnersinc.com
Phone: 818-280-6800
FOR IMMEDIATE RELEASE
September 22, 2015
Adaptive
Medias Appoints John B. Strong as
Chairman
of the Board AND CHIEF EXECUTIVE OFFICER
Technology
and Business Veteran John B. Strong to Lead Adaptive
Medias'
Strategic Expansion Strategy Following Wide-Ranging Search
IRVINE, Calif., September 22, 2015 -- Adaptive
Medias, Inc. (ADTM), a video technology company
that supports publishers, content producers and brand advertisers, today announced that John B. Strong, 55, has been named as the
Company’s Chairman of the Board and permanent Chief Executive Officer, effective immediately. Mr. Strong has served as the
Company’s interim Chief Executive Officer since the beginning of August 2015.
Omar Akram, Former Chairman
of the Board of Adaptive Medias, said, “After a comprehensive and careful search process, the Board is pleased to welcome
Mr. Strong to the Adaptive Medias team. Mr. Strong has a solid track record of leadership and innovation and has been a proven
asset since coming on board as our interim CEO last month. He has since set us on a strong path toward profitability and success,
and we are looking forward to continuing to grow and expand under his leadership.”
Mr. Strong has more than
30 years of senior level executive and financial experience in the technology industry. Prior to his appointment to the position
of Chief Executive Officer at Adaptive Medias, he invested in a number of successful technology-based companies, including www.thestorefront.com,
the “AirBNB for retail space”; www.boxbee.com, a San Francisco-based on-demand
storage company; www.matterfab.com, a leading industrial metal 3D printing company;
www.particle.io, an IOT chip maker; and www.scoutalarm.com,
a high-tech home security company. Scout is currently positioned to exceed $46 million in revenue next year and over $114 million
in 2017. Mr. Strong also founded www.communly.com, a Los Angeles-based social media
company; www.combotrip.com, a New Mexico-based travel site; and www.trychec.com,
a London-based payment platform. In addition, Mr. Strong is a director of www.bombaydevelopment.com,
a maker of artificial intelligence software for commercial drones. Mr. Strong holds a Bachelor’s Degree from the University
of New Mexico.
Mr. Strong said, "I’m
extremely honored for the opportunity to be part of an exceptional, dedicated and talented team of professionals. I’ve been
a long-time investor in Adaptive Medias and truly believe we have one of the most innovative platforms in the ad-tech space. I
am incredibly excited for what we have in store for tomorrow and beyond.”
Adaptive Medias, Inc. Press Release
Page 2 of 2
ABOUT ADAPTIVE MEDIAS
Adaptive Medias, Inc.
(ADTM) is a leading provider of mobile video delivery
and monetization solutions for publishers, content producers and advertisers. The company's comprehensive mobile video technology
platform, Media Graph, facilitates the delivery of integrated, engaging video content and impactful ad units across all screens
and devices. Adaptive Medias is one of the first companies to offer clients a digital video player built specifically for the mobile
world. For more information, please visit www.adaptivem.com.
Follow the Company on Twitter @adaptive_m.
SAFE HARBOR STATEMENT
This Press Release
may contain certain forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Adaptive Medias,
Inc. has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes,"
"estimates," "expects," "plans," "intends," "potential" and similar expressions.
These statements reflect Adaptive Medias' current beliefs and are based on information currently available to it. Accordingly,
such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause Adaptive Medias'
actual results, performance or achievements to differ materially from those expressed in or implied by such statements. Adaptive
Medias undertakes no obligation to update or provide advice in the event of any change, addition or alteration to the information
contained in this Press Release including such forward-looking statements.
Contact:
Investor Relations Contact:
Max Pashman
818 280-6800
mpashman@irpartnersinc.com
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