Current Report Filing (8-k)
August 16 2016 - 12:35PM
Edgar (US Regulatory)
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): August 15, 2016
UBIQUITY,
INC.
(Exact
name of registrant as specified in its charter)
Nevada
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000-55288
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99-0371375
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(State
or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS
Employer
Identification No.)
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9801
Research Drive, Irvine, California 92618
(Address
of principal executive offices) (Zip Code)
Registrant’s
telephone number, including area code:
(949) 489-7600
(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)
[ ]
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))
Item
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement
of Certain Officers.
(c)
Appointment of Board of Director
On
August 15, 2016, the Board of Directors (the “Board”) of Ubiquity, Inc. (the “Company”), appointed Bola
Ajere, 68, as a new member of the Board. Bola Ajere is the President & CEO and founder of the AMC Consulting Group, a management
and technology consulting company based in Los Angeles, California, specializing in Information Technology, Corporate Governance,
Risk Management and Regulatory Compliance Programs. He is also the CEO and founder of the Sierra Madre Group, an Intellectual
Property Management and manufacturing company. Recently, he founded the AMC Online Media Services Company, a professional online
interactive media company based in Los Angeles, California.
Bola
was a partner with Deloitte & Touche in Los Angeles, (1997-2003) where he was the partner in charge of the Enterprise Risk
Management practice. He has also held senior management consulting positions with Ernst & Young, (1987-1997) Pricewaterhouse
Cooper (1984-1987) and IBM in England, New York, Holland, Saudi Arabia and Japan (1980-1984).
Bola
graduated from University of Kent at Canterbury, England with degree in Accounting and Computer science (1979).
The
selection of Mr. Ajere to serve as a member of the Board was not pursuant to any arrangement or understanding with respect to
any other person. In addition, there are no family relationships between Mr. Ajere and any director or other executive officer
of the Company and there are no related persons transactions between the Company and Mr. Ajere reportable under Item 404(a) of
Regulation S-K.
Mr.
Ajere s entered into a Board of Directors Retention Agreement (the “Agreement”) with the Company whereby in consideration
for his service on the Board, Mr. Ajere shall receive the following: (1) 250,000 shares of restricted common stock at the time
of appointment to the Board and (2) 250,000 shares of restricted common stock of the Company annually. The Agreement is herein
incorporated by reference as Exhibit 10.1.
The
Company believes that Mr. Ajere is fit to serve on the Board because he possesses the skills and background necessary to assist
in the Company’s reorganization and marketing efforts.
Item
9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit
No.
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Description
of Exhibit
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10.1
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Board
of Directors Retention Agreement
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10.2
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Press
Release Dated August 15, 2016
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SIGNATURE
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.
Dated:
August 16, 2016
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UBIQUITY,
INC.
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By:
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/s/
Christopher Carmichael
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Christopher
Carmichael
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Chief
Executive Officer
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