Current Report Filing (8-k)
September 04 2018 - 5:23PM
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): September 4, 2018
nFüsz,
Inc.
(Exact
name of registrant as specified in its charter)
Nevada
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000-55314
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90-1118043
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(State
or other jurisdiction of
incorporation
or organization)
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(Commission
File
Number)
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(I.R.S.
Employer
Identification
Number)
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344
S. Hauser Boulevard, Suite 414
Los
Angeles, California 90036
(Address
of principal executive office, including zip code)
(855)
250-2300
(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 (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 (§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 [X]
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. [ ]
Section
5 – Corporate Governance and Management
Item
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
of Certain Officers.
On
September 4, 2018, nFüsz, Inc. announced that it had appointed Kenneth S. Cragun to its Board of Directors. The effective
date of Mr. Cragun’s appointment is September 10, 2018. He will chair our Audit committee and serve on each of our other
two Board committees: Compensation, and Governance and Nominating.
Mr.
Cragun has been Chief Financial Officer of CorVel Corporation since January 2018. CorVel is an Irvine, California-based national
provider of workers’ compensation solutions for employers, third-party administrators, insurance companies, and government
agencies. Mr. Cragun also serves as a partner of Hardesty, LLC, a national executive services firm. He has been a partner of its
Southern California Practice since October 2016. Mr. Cragun is a two-time finalist for the Orange County Business Journal “CFO
of the Year” – Public Companies and has more than 30 years of experience, primarily in the technology industry. He
served as chief financial officer of two Nasdaq-listed companies: Local Corporation (April 2009 to September 2016), formerly based
in Irvine, California, which operated a U.S. top 100 website “Local.com” and, in June 2015, filed a voluntary petition
in the United States Bankruptcy Court for the Central District of California seeking relief under the provisions of Chapter 11
of Title 11 of the United States Code (the “Bankruptcy Code”), and Modtech Holdings, Inc. (June 2006 to March 2009),
formerly based in Perris, California, which was a leading provider of modular classrooms in California and Florida and a significant
provider of commercial and light industrial modular buildings in California, Florida, Arizona, Nevada, and other neighboring states
and, in October 2008, filed a voluntary petition in the United States Bankruptcy Court for the Central District of California
seeking relief under the provisions of Chapter 11 of the Bankruptcy Code. Mr. Cragun’s industry experience is vast with
extensive experience in fast-growth environments and building teams in more than 20 countries. Mr. Cragun has led multiple financing
transactions, including IPOs, PIPEs, convertible debt, term loans, and lines of credit. For these reasons, we believe that he
will provide additional breadth and depth to our Board.
Mr.
Cragun received his B.S. in Accounting from Colorado State University-Pueblo.
There
are no family relationships between Mr. Cragun and any of our directors or executive officers. He has not engaged in any transaction
with us since the beginning of our last fiscal year, the amount of which exceeded $120,000, in which he had or will have a direct
or indirect material interest.
A
copy of our September 4, 2018, press release announcing Mr. Cragun’s appointment is furnished as Exhibit 99.1 to this Current
Report on Form 8-K.
Item
9.01 Financial Statements and Exhibits.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this current report to be signed on
its behalf by the undersigned hereunto duly authorized.
Date:
September 4, 2018
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nFüsz,
Inc.
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By:
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/s/
Rory J. Cutaia
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Name:
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Rory
J. Cutaia
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Title:
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Chairman
and Chief Executive Officer
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