Current Report Filing (8-k)
October 16 2017 - 4:02PM
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 16, 2017
BTCS
Inc.
(Exact
Name of Registrant as Specified in Charter)
Nevada
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000-55141
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90-1096644
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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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9466
Georgia Avenue #124
Silver
Spring, MD
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20901
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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:
(202) 430-6576
(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:
[ ]
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 DFR 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))
Indicate
by check mark whether the registrant is an emerging growth company as defined in in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company [ ]
If
an emerging growth company, indicate by checkmark 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 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
of Certain Officers.
On
October 16, 2017, the Board of Directors of BTCS Inc. (the “Company”) appointed David Garrity to serve as an independent
board member.
Mr.
Garrity has over 25 years’ experience in the financial services industry, he has held senior roles including CFO and board
of director positions for both publicly-held and private companies, and has extensive experience in several disciplines including
operating, advisory and research, and is CEO of New York City based consulting firm, GVA Research.
During
2008 and 2009, David served as CFO and Board Director at Interclick, Inc., a behavioral targeting internet advertising network.
From June 9, 2011 to May 14, 2013, Mr. Garrity was Chief Financial Officer of Aspen Group, Inc., an online for-profit university.
From May 14, 2013 through October 31, 2013, he was Executive Vice President Corporate Development for Aspen Group, Inc. Since
February 1, 2017, Mr. Garrity has been acting CFO of Mutualink, Inc., a private company developing secure distributed networking
technologies to support communications interoperability for public- & private-sector clients.
Mr.
Garrity appears regularly on CNBC, BNN, Bloomberg, The Financial Times, Asia Times, Yahoo Finance, and other media outlets.
On
October 16, 2017, the Board of Directors of the Company approved compensatory arrangements for both Jonathan Read and David Garrity
whereby each director would receive monthly compensation of $6,250 (the “Monthly Payment”) until such time as Company
either completes or abandons the previously announced merger with the Australian entity. The Monthly Payment will also be applied
retroactively for Mr. Read beginning on the date of his appointment to the Board.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
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BTCS
INC.
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Dated:
October 16, 2017
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By:
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/s/
Charles W. Allen
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Charles
W. Allen
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Chief
Executive Officer
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