Current Report Filing (8-k)
October 30 2020 - 9:09AM
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 26, 2020
DOCUMENT
SECURITY SYSTEMS, INC.
(Exact
name of registrant as specified in its charter)
New
York
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001-32146
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16-1229730
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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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200
Canal View Boulevard
Suite
104
Rochester,
NY
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14623
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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: (585) 325-3610
Not
Applicable
(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 (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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Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
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Ticker
symbol(s)
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Name
of each exchange on which registered
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Common
Stock, $0.02 par value per share
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DSS
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The
NYSE American LLC
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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 [ ]
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
October 26, 2020, the Board of Directors (the “Board”) of Document Security Systems, Inc. (“DSS”
or the “Company”) appointed Todd D. Macko as Interim Chief Financial Officer, effective October 28, 2020. Mr. Macko
will replace Frank D. Heuszel as the Company’s current Interim Chief Financial Officer. Mr. Heuszel will remain as the Company’s
Chief Executive Officer, and there will be no change in Mr. Heuszel’s compensation as a result of this appointment.
Todd
D. Macko, 48, previously served as the Vice President of Finance of the Company. As the Vice President of Finance, Mr.
Macko’s responsibilities included assisting DSS’s Interim Chief Financial Officer in all aspects of financial and
regulatory reporting. In addition, his responsibilities included the day-to-day management of the Company’s Accounting and
Finance team and the financial leadership in the directing and improving of the accounting, reporting, audit, and tax activities.
Prior to his role as Vice President of Finance for the Company, Mr. Macko joined the wholly owned subsidiary of DSS, Premier Packaging
Corporation in January 2019, as its Vice President of Finance.
Mr.
Macko is a Certified Public Accountant with over 25 years of public and corporate financial management, business leadership and
corporate strategy. Mr. Macko brings a wealth of experience with strengths in financial planning and analysis, business process
re-engineering, budgeting, financial reporting systems, project evaluation, mergers and acquisitions and treasury and capital
management.
Prior
to joining the Company, Mr. Macko served as the Corporate Controller for Baldwin Richardson Foods, a leading custom ingredients
manufacturer for the food and beverage industry from November 2015 until January 2019. Prior to that, Mr. Macko served as the
Controller for The Outdoor Group, LLC., Genesis Vision, Inc., Complemar Partners, Inc., and Level 3 Communications, Inc. Mr. Macko
obtained is Bachelor of Science in Accounting from Rochester Institute of Technology.
Mr.
Macko shall receive an annual base salary and shall be eligible to receive an annual performance bonus, upon the Company’s
achievement of certain net income goals.
Item
8.01 Other Information.
On
October 30, 2020, the Company issued a press release announcing Mr. Macko’s appointment as Interim Chief Financial Officer.
A copy of this press release is filed as Exhibit 99.1 hereto and is incorporated herein by reference.
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 on Form 8-K to
be signed on its behalf by the undersigned hereunto duly authorized.
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DOCUMENT
SECURITY SYSTEMS, INC.
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Dated:
October 30, 2020
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By:
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/s/
Frank D. Heuszel
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Name:
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Frank
D. Heuszel
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Title:
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Chief
Executive Officer
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