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): January 5, 2016
MEDBOX, INC.
(Exact name of registrant as specified in its charter)
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Nevada |
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000-54928 |
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45-3992444 |
(State or other jurisdiction
of incorporation) |
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(Commission
File Number) |
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(I.R.S. Employer Identification
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600 Wilshire Blvd. Ste. 1500
Los Angeles, CA 90017
(Address of principal executive offices) (zip code)
(800)-762-1452
(Registrants telephone number, including area code)
(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):
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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.
On January 5, 2016, Jeff Goh, 51, Director, President and Interim Chief
Executive Officer of Medbox, Inc. (the Company) was promoted to Chief Executive Officer of the Company. He will also retain his positions as Director and Company President. Mr. Goh has served in his present officer roles with the
Company since June 30, 2015. He has served the Company as a director since October 2015. He joined the Company as Chief Operating Officer on April 1, 2015 and was a consultant to the Company from August 2014 to March 2015.
Mr. Goh previously served as Chief Executive Officer of Heart Brand Foods, a producer of heart-healthy snack food products that help to
reduce LDL cholesterol, from 2012 to 2014. Mr. Goh also previously served as Chief Executive Officer of Two Chefs on a Roll, a custom producer of savory and bakery private label food products, from 2001 to 2010. Throughout his career,
Mr. Goh has focused on leading and developing businesses involved in fast-growing sectors of food, technology and international commerce.
On January 5, 2016, Clint Pyatt, 44, Senior Vice President, Operations and Government Relations, was promoted to Chief Operating Officer
of the Company. He will continue to act as Senior Vice President, Government Relations. Mr. Pyatt has served in his present roles with the company since May 20, 2015.
Mr. Pyatt previously was Chief Executive Officer of CorGreen Technologies, Inc., a provider of products and services to licensed medical
marijuana and recreational operators. Earlier, he held management positions in finance and real estate. He also served in the U.S. Marine Corps for six years in several operational capacities, including participation in Desert Shield, Desert Storm
and Somalia rescue efforts.
On January 6, 2016, the Company issued a press release announcing the appointment of Mr Goh as Chief
Executive Officer and of Mr. Pyatt as Chief Operating Officer. A copy of the Press Release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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Exhibit Number |
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Description |
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99.1 |
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Press Release dated January 6, 2016. |
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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MEDBOX, INC. |
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Dated: January 6, 2016 |
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By: |
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/s/ Jeff Goh |
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Name: Jeff Goh |
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Title: Chief Executive Officer and President |
Exhibit 99.1
Medbox Board Promotes
Jeff Goh to CEO, Clinton Pyatt to COO
(Los Angeles, CA, January 6, 2016) Medbox, Inc. (OTCQB: MDBX), a provider of specialized services to the cannabis sector,
including operators of dispensaries, cultivation centers, manufacturers and research facilities in those states where approved, today announced that its board of directors has promoted Jeff Goh to Chief Executive Officer and Clinton Pyatt to Chief
Operating Officer.
Goh, 51, had been serving as President and interim Chief Executive officer since July 2015. He joined the company as Chief Operating
Officer in April 2015 and was a consultant to Medbox since August 2014. He was named to the companys board of directors in October 2015 and will continue in his role as President, in addition to becoming Chief Executive Officer.
Pyatt, 44, joined Medbox in May 2015 as Senior Vice President, Operations and Government Relations. He will continue in his role as Senior Vice President,
Government Relations, in addition to Chief Operating Officer, reporting directly to Goh.
Jeff has demonstrated outstanding leadership during his
tenure as interim CEO, guiding Medbox through a critical corporate transition period and positioning the company to pursue what we believe are outstanding growth opportunities in the cannabis sector on a global scale, said Ambassador Ned L.
Siegel, Chairman of Medbox. As well, Medbox continues to benefit from Clints deep knowledge and background in cannabis cultivation and dispensary operations, which are critical to the companys expansion and development in the years
ahead. The Board joins me in extending congratulations to both of these talented executives.
Throughout his career, Goh has focused on leading and
developing businesses involved in fast-growing sectors of food, technology and international commerce. His professional experience includes more than three decades in executive management capacities with the Frito Lay division of PepsiCo and
Procter & Gamble, as well as helping smaller companies scale their business models.
Pyatt previously was Chief Executive Officer of CorGreen
Technologies, Inc., a provider of products and services to licensed medical marijuana and recreational operators. Earlier, he held management positions in finance and real estate. He also served in the U.S. Marine Corps for six years in several
operational capacities, including participation in Desert Shield, Desert Storm and Somalia rescue efforts.
About Medbox, Inc.
Medbox, Inc., a leader in the rapidly emerging cannabis sector, provides specialized services to operators of dispensaries, cultivation centers, manufacturers
and research facilities in those states where approved. Through trusted clients and affiliates, the company promotes efficient, consistent, high quality products that are priced right, readily available and safely packaged. For more information
about the company or to explore partnership, please visit www.medbox.com.
Forward-Looking Statements
Certain statements in this press release constitute forward-looking statements within the meaning of federal securities laws. Such statements, including, but
not limited to, pursuing growth opportunities, are based on current beliefs and expectations and are inherently subject to significant business, economic, regulatory and competitive uncertainties and contingencies, many of which are beyond the
companys control. In addition, certain forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Potential risks and uncertainties also include, but are not
limited to, regulatory developments in the industry, as well as political and economic conditions present within the industry. For a more detailed description of the risk factors associated with the company, please refer to the companys latest
Annual Report on Form 10-K, and in particular, the section entitled Risk Factors therein, and in other periodic reports the company files with the Securities and Exchange Commission thereafter. The company does not assume any obligation
to update any forward-looking statement to reflect events or developments after a forward-looking statement was made, unless required by law.
For more
information, contact:
Janet Simmons
PondelWilkinson
Inc.
310-279-5980
pwinvestor@pondel.com