Current Report Filing (8-k)
January 11 2021 - 6:02AM
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): January 6, 2021
CEMTREX,
INC.
(Exact
Name of Registrant as Specified in Charter)
Delaware
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001-37464
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30-0399914
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(State
or other jurisdiction
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(Commission
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(IRS
Employer
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of
incorporation)
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File Number)
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Identification
No.)
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276
Greenpoint Ave Bld. 8 Suite 208
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Brooklyn,
NY
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11101
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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: (631) 756-9116
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 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))
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
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Trading
Symbol(s)
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Name
of each exchange on which registered
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Common
stock
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CETX
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Nasdaq
Capital Market
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Series
1 Preferred Stock
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CETXP
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Nasdaq
Capital Market
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Series
1 Warrants
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CETXW
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Nasdaq
Capital Market
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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. [ ]
Item
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
of Certain Officers
On
January 6, 2021, Priscilla Popov was dismissed from her position as Chief Financial Officer (“CFO”)
at Cemtrex.
On
January 6, 2021, Christopher C. Moore was appointed Cemtrex’s Chief Financial Officer where he is responsible for
the Company’s financial planning, accounting, tax, and business process functions. Prior to joining Cemtrex, Chris was the
Senior Director of Strategic Finance and Analytics at Movable Ink. Chris has over a decade of experience in finance analytics
and accounting. During his career, Chris has worked as a strategic leader with a number of public and private technology companies,
holding responsibility for improving business operations, financial planning, analytics, equity management, investor relations,
and compliance. Prior to joining Cemtrex, he held finance and accounting leadership positions at Shoretel, Smartling, mparticle,
and Clarifai. Chris is a CFA Charterholder, holds a BA from the University of Miami, and received his MBA from Yale University
School of Management.
Aside from that provided
above, Mr. Moore does not hold and has not held over the past five years any other directorships in any company with a class of
securities registered pursuant to Section 12 of the Exchange Act or subject to the requirements of Section 15(d) of the Exchange
Act or any company registered as an investment company under the Investment Company Act of 1940.
There are no family
relationships between Mr. Moore and any of our directors or executive officers.
Aside from the following,
Mr. Moore has not had any material direct or indirect interest in any of our transactions or proposed transactions over the last
two years.
We provided Mr. Moore
with an offer letter explaining his compensation structure. Mr. Moore will have a salary of $195,000 annually, with an annual
increase of 3% on each anniversary of continued employment. He is entitled to two semiannual bonus awards of 10% of his base salary
to be defined my mutual agreement prior to each six-month interval. We have issued to Mr. Moore a stock option for 150,000 shares
of our common stock at an exercise price based on the average closing price of the 5 preceding trading days prior to the start
date set for January 4, 2021. This option will vest 1/4th or 37,500 shares each year on the anniversary date of the start date
and will be subject to our standard terms and conditions under federal securities and employment laws. Mr. Moore is also entitled
to three weeks paid vacation and automatic enrollment in our health care plan.
The
first three months of Mr. Moore’s employment will be an introductory period as is standard per company policy. At all times,
including during and after completion of the introductory period (whether or not the introductory period is completed to the full
satisfaction of the company), employment with the company is considered to be at-will, and employment may be terminated at any
time for any lawful reason by either party.
SECTION
9 – Financial Statements and Exhibits
Item
9.01 Financial Statements and Exhibits
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 hereunto duly authorized.
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CEMTREX, INC.
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Date:
January 8, 2021
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By:
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/s/
Saagar Govil
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Saagar
Govil
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Chairman,
President and Chief Executive Officer
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