ISGN iSign Solutions Inc (CE)

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):  November 11, 2015

Communication Intelligence Corporation

(Exact name of registrant as specified in its charter)

 

275 Shoreline Drive, Suite 500

Redwood Shores, CA 94065

(Address of principal executive offices)

(650) 802-7888

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:

 

 

 

Item 5.02(d) Election of Director.

On November 11, 2015, the Board of Directors of Communication Intelligence Corporation (the "Company"), in accordance with the applicable provisions of the Company's Certificate of Incorporation and Bylaws, appointed Francis J. Elenio to the Company's Board of Directors. Mr. Elenio will serve as a member of the Company's Audit Committee.

Consistent with the Company's past practices, Mr. Elenio will be granted an option to acquire 1,000,000 shares of the Company's Common Stock under the Company's 2011 Stock Compensation Plan at a per share exercise price equal to the closing per share market price of the Company's Common Stock. The option granted to Mr. Elenio will vest quarterly over three years, and will have a seven-year term. Further to the Company's policies, Mr. Elenio, as a non-employee director, will receive $1,000 for each Board meeting attended and will be reimbursed for reasonable out-of-pocket expenses incurred in connection with attending such meetings.

Item 9.01(d) Exhibits.

The following exhibit is being furnished (not filed) herewith:

	Communication Intelligence Corporation
Date: November 17, 2015
	By:	/s/ Andrea Goren
		Andrea Goren
		(Chief Financial Officer)

Exhibit No.		Description
99.1		Press release, dated November 17, 2015, entitled "Frank Elenio Joins CIC Board"

FOR IMMEDIATE RELEASE

FRANK ELENIO REJOINS CIC BOARD

Experienced Chief Financial Officer Rejoins CIC

Board of Directors and Audit Committee

"We are thrilled to have Frank back on the board at this exciting time for CIC," said Philip Sassower, co-chairman and CEO for CIC. "In the service of board of directors' best practices, we have been seeking an additional board member to establish a majority of independent directors and to have a completely independent audit committee. Frank joined the CIC board in 2010 at the same time I took over as Chairman and CEO, but had to step down in 2011 when he took an executive position with the State of New Jersey. We are very fortunate that he is now available to rejoin our team. Frank has a long track record of working with companies like CIC and is very knowledgeable about our company, our people and our business sector."

Mr. Elenio has over 25 years experience working with corporations as a strategic, solution-driven professional focused on finance and accounting, operations and turn-around management. He has extensive CFO level experience at public and private companies, including Wilshire Enterprises, Inc., a real estate investment and management company, WebCollage, Inc., an internet content integrator for manufacturers, GoAmerica, Inc., a wireless internet service provider and Roomlinx, Inc., a provider of wireless high speed internet access to hotels and conference centers. Both a CPA and an MBA, Mr. Elenio is an Adjunct Professor of finance at Seton Hall University.

"I have known and worked with Philip Sassower and Andrea Goren for many years and I am looking forward to collaborating with them and the rest of the board at what I believe is a significant and positive inflection point for the company," said Frank Elenio, director for CIC. "The market for electronic signatures and digital transaction management solutions is rapidly expanding in the US and abroad, and CIC is uniquely positioned to take advantage of these positive trends."

ABOUT CIC

FORWARD LOOKING STATEMENTS

Certain statements contained in this press release, including without limitation, statements containing the words "believes", "anticipates", "hopes", "intends", "expects", and other words of similar import, constitute "forward looking" statements within the meaning of the Private Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors, which may cause actual events to differ materially from expectations.  Such factors include the following (1) technological, engineering, quality control or other circumstances which could delay the sale or shipment of products containing the Company's technology; (2) economic, business, market and competitive conditions in the software industry and technological innovations which could affect customer purchases of the Company's solutions; (3) the Company's inability to protect its trade secrets or other proprietary rights, operate without infringing upon the proprietary rights of others or prevent others from infringing on the proprietary rights of the Company; and (4) general economic and business conditions and the availability of sufficient financing.

Contact Information:

CIC

Investor Relations and Media Inquiries:

Andrea Goren

+1.650.802.7723

agoren@cic.com