Current Report Filing (8-k)
October 28 2016 - 4:32PM
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):
October 25
,
2016
SUNWORKS,
INC.
(Exact
name of registrant as specified in its charter)
Delaware
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001-36868
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01-0592299
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(State
or other jurisdiction of
incorporation
or organization)
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(Commission
File
Number)
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IRS
Employer
Identification
No.)
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1010
Winding Creek Road, Suite 100
Roseville,
CA
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95678
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(Address
of Principal Executive Offices)
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(Zip
Code)
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(916)
409-6900
(Registrant’s
telephone number, including area code)
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:
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act
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[ ]
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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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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
of Certain Officers.
On
October 25, 2016, the Board of Directors (the “Board”) of Sunworks, Inc. (the “Company”) appointed Mr.
Rhone Resch to the Board which appointment will take effect November 1, 2016.
Since
2004, Mr. Resch has served as the President and Chief Executive Officer of Solar Energy Industries Association. From 1998 until
2004, he served as the Senior Vice President of Natural Gas Supply Association, and from 1994 until 1998 he served as the Program
Manager of the United State Environmental Protection Agency – Office of Air and Radiation. From 1992 until 1994 Mr. Resch
served as a Senior Analyst at Project Performance Corporation. Mr. Resch received a Bachelor of Arts, English/Natural Resources
from the University of Michigan, a Master of Environmental Science from State University of New York and a Master of Public Administration,
Management from Syracuse University.
The
Board of Directors concluded that Mr. Resch is qualified to serve as a Director because of his industry expertise and corporate
leadership experience.
Mr.
Resch
does not have a family relationship with
any of the executive officers or directors of the Company. Except for the issuance of the Option (defined below), there are no
arrangements or understandings between
Mr. Resch
and any other person pursuant to
which he was appointed as a director of the Company.
In
connection with
Mr. Resch’s
appointment to the Board, the Compensation Committee
of the Board approved the issuance of an option to purchase 50,000 shares of the Company’s common stock (the “Option”)
with an exercise equal to the closing price of the Company’s common stock on the date of the grant. The Option was issued
pursuant to the Company’s 2016 Equity Incentive Plan and shall vest
and become exercisable
in 1/24 increments over a two year period commencing on the date of the grant.
ITEM
8.01 OTHER EVENTS
On
October 27, 2016, the Company issued a press release regarding
Mr. Resch’s
appointment
as a Director of the Company. A copy of the press release is attached hereto as Exhibit 99.1.
Item
9.01 Financial Statements and Exhibits.
(d)
The following are filed as exhibits to this report on Form 8-K.
Exhibit
No.
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Description
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99.1
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Sunworks,
Inc. Press Release dated October 27, 2016
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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 thereunto duly authorized.
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SUNWORKS,
INC.
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Date:
October 28, 2016
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By:
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/s/
James B. Nelson
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Name:
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James
B. Nelson
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Title:
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Chief
Executive Officer
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