Current Report Filing (8-k)
June 27 2019 - 2:37PM
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 24, 2019
FTE
NETWORKS, INC.
(Exact
name of registrant as specified in its charter)
Nevada
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001-38322
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81-0438093
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(State
or other jurisdiction
of
incorporation)
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(Commission
File
Number)
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(I.R.S.
Employer
Identification
No.)
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237
West 35
th
Street, Suite 806
New
York, NY
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10001
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(Address
of principal executive offices)
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(Zip
Code)
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877-878-8136
(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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Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
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Trading
Symbol
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Name
of each exchange on which registered
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Common
stock ($0.001 par value)
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FTNW
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NYSE
American
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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
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Departure
of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
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Effective
June 24, 2019, the Board of Directors (the “
Board
”) of FTE Networks, Inc. (the “
Company
”)
appointed Richard Omanoff as an independent director of the Company and as chair of the Nominating and Corporate Governance Committee.
Mr. Omanoff is an entrepreneur and investor who is involved in the transportation and food processing and manufacturing industries.
There
are no arrangements or understandings between Mr. Omanoff and any other person pursuant to which he was appointed as a director.
There are no transactions in which Mr. Omanoff has an interest requiring disclosure under Item 404(a) of Regulation S-K of the
Securities Act of 1933, as amended (the “
Securities Act
”). Mr. Omanoff will receive a compensation package
customarily paid by the Company to non-employee directors serving in such capacities.
Effective
June 25, 2019, the Board appointed Irving Rothman as an independent director of the Company and as a member of the Audit, Compensation
and Nominating and Corporate Governance Committees. Mr. Rothman is the President and Chief Executive Officer of HPE Financial
Services. Prior to joining HPE, Mr. Rothman was President and Chief Executive Officer of Compaq Financial Services Corporation.
Mr. Rothman has over 44 years of experience in the financial services industry, and holds a bachelors degree from Rutgers University
and a Masters in Business Administration in Finance from Pepperdine University.
There
are no arrangements or understandings between Mr. Rothman and any other person pursuant to which he was appointed as a director.
There are no transactions in which Mr. Rothman has an interest requiring disclosure under Item 404(a) of Regulation S-K of the
Securities Act. Mr. Rothman will receive a compensation package customarily paid by the Company to non-employee directors serving
in such capacities.
Effective
June 27, 2019, the Board placed Anthony Sirotka on administrative leave pending the outcome of the previously announced independent
investigation, described in a Form 8-K/A filed on March 22, 2019.
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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FTE
NETWORKS, INC.
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By:
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/s/
Fred Sacramone
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Fred
Sacramone
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Interim
Chief Executive Officer
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Date:
June 27, 2019
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