Current Report Filing (8-k)
July 03 2017 - 5:22PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 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): June 27, 2017
hopTo
Inc.
(Exact
Name of Registrant as Specified in Charter)
Delaware
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0-21683
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13-3899021
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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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6
Loudon Road, Suite 200
Concord,
NY
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03301
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(Address
of Principal Executive Offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code: (800) 472-7466
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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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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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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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR
§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging
growth company [ ]
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Item
5.02
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Departure
of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
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(b)
On June 27, 2017, Eldad Eilam, President, CEO, and Director of hopTo, Inc. (the “Company”), notified the Company that
he would resign as President and CEO effective July 28, 2017. Mr. Eilam will continue to serve on the Board of Directors of the
Company (the “Board”).
On
June 28, 2017, Jean-Louis Casabonne, CFO and Secretary of Company, notified the Company that he would resign as CFO and Secretary
effective August 14, 2017.
Each
executive is resigning to pursue other opportunities.
(c)
The Board appointed Jean-Louis Casabonne, the CFO and Secretary of the Company, to serve as the Company’s interim CEO, in
addition to his current duties, effective as of the date of Mr. Eilam’s resignation through August 14, 2017. Mr. Casabonne,
age 59, joined the Company in 2014 as CFO and Secretary. Previously from 2002 to 2011, Mr. Casabonne has served as the CFO of
Quova, Inc., a venture backed company which he guided to profitability prior to its successful sale to Neustar, Inc. (NYSE:NSR).
Following the sale of Quova to Neustar, Mr. Casabonne continued with Neustar from 2011 to 2014 as a strategic evangelist and director
of business development managing strategic relationships with key partners. From 1996 to 2002, Mr. Casabonne was a founder and
controller for Inxight Software, a spin-out from Xerox Corporation. He became CFO and VP of Operations for Inxight in 1999, managing
finance, administration, legal affairs, information technology and customer support. From 1992 to 1996, Mr. Casabonne served in
a number of senior financial positions for Xerox Corporation’s XSoft Division. Mr. Casabonne received his MBA and BS from
Santa Clara University.
Mr.
Casabonne was not appointed pursuant to any arrangement or understanding between him and any other person in respect of such appointment,
has no family relationships with any of the Company’s directors or executives, and has no direct or indirect material interest
in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
No
new compensatory or severance arrangements were entered into in connection with Mr. Casabonne’s appointment as interim CEO.
The Board is currently in the process of conducting a search for a new CEO and a new CFO.
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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hopTo Inc.
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Dated:
July 3, 2017
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By:
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/s/
Jean-Louis Casabonne
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Jean-Louis
Casabonne
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Chief
Financial Officer, Secretary
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