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 12, 2016
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) |
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(IRS
Employer Identification Number) |
47 Discovery Suite 220
Irvine, CA 92618
(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):
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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)) |
|
¨ |
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 January 12, 2016, the Board of Directors (the “Board”)
of Adaptive Medias, Inc. (the “Company”) appointed Sal Aziz as a member of the Board. As of the date hereof, Mr. Aziz
has not been appointed to any committees of the Board.
In exchange for his services as member of the Board, Mr. Aziz
will receive, subject to the approval of the Board, (i) a restricted stock grant of 50,000 shares of the Company’s common
stock (“Common Stock”), and (ii) a non-qualified stock option to purchase 200,000 shares of Common Stock which shall
vest in four equal annual installments beginning on the date of grant, subject to Mr. Aziz’s continuous status as a service
provider of the Company in each such instance.
Item 9.01 Financial Statements and
Exhibits
(d) Exhibits.
99.1 Press Release dated January 19, 2016
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: January 12, 2016 |
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
January 19, 2015
ADAPTIVE
MEDIAS APPOINTS SAL AZIZ TO ITS BOARD OF DIRECTORS
IRVINE, Calif., January
19, 2016 -- Adaptive Medias, Inc. (OTCQB: ADTM),
a video technology company that supports publishers, content producers and brand advertisers, today announced the
appointment of Sal Aziz, 36, to its Board of Directors. Aziz, GM of Platform of Adaptive Medias, has a proven track record of success
in advertising platforms, targeting technology, product implementation and monetization strategies. He will continue to help Adaptive
Medias achieve its stated goals of optimizing revenues for its publishing partners and maximizing efficiencies for its advertisers
across all screens and devices. Adding Aziz will increase Adaptive Medias’ Board to three members.
“Sal
has been directly involved in every facet of Adaptive Medias’ revitalization, leading to, among other achievements, nearly
nine consecutive quarters of double-digit sales growth, new leadership at the board and management levels, and a strong financial
platform that will be leveraged for ongoing operational improvements. We’re
delighted to have Sal as a member of our Board of Directors and look forward to his contributions,” said John B. Strong,
Chairman and Chief Executive Officer of Adaptive Medias.
Aziz has
more than a decade of business operations experience and handles all aspects of business development for the Adaptive Medias’
platform business. Aziz is responsible for creating solutions that will grow the Company’s advertiser and publisher relationships.
He is currently leading the Company’s efforts in its flagship product Media Graph, an all-in-one video monetization platform
for publishers, producers and advertisers.
“It’s
an honor for me to serve on the Board of Directors,” Aziz said. “Adaptive Medias’ mission has always been about
revolutionizing the digital media industry, and I welcome the opportunity to guide Adaptive Medias to continue in that pursuit,”
concluded Aziz.
ABOUT ADAPTIVE MEDIAS,
INC.
Adaptive Medias, Inc.
(OTCQB: 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.
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