Current Report Filing (8-k)
August 30 2021 - 9:17AM
Edgar (US Regulatory)
0000892482
false
Qumu Corp
0000892482
2021-08-26
2021-08-26
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
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): August 26, 2021
Qumu
Corporation
(Exact
name of Registrant as Specified in its Charter)
Minnesota
(State
Or Other Jurisdiction Of Incorporation)
000-20728
|
|
41-1577970
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(Commission
File Number)
|
|
(I.R.S.
Employer Identification No.)
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400
S. 4th Street, Suite 401-412
|
|
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Minneapolis,
MN
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55415
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(Address
Of Principal Executive Offices)
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(Zip
Code)
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(612)
638-9100
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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:
☐
|
Written
communications pursuant to Rule 425 under the Securities Act
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|
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☐
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act
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|
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☐
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
|
|
|
☐
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
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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, par value $0.01
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QUMU
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The
Nasdaq Stock Market 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. ☐
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. ☐
Items
under Sections 1 through 4 and 6 through 8 are not applicable and therefore omitted.
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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On
August 26, 2021, David G. Ristow, the Chief Financial Officer of Qumu Corporation (the “Company”), informed the Company of
his resignation as Chief Financial Officer to pursue other interests effective September 10, 2021.
Beginning
September 10, 2021, Matthew Walker, the Company’s Controller, will fulfill the role of the Company’s principal financial
officer and principal accounting officer until a successor Chief Financial Officer is appointed. The Company is conducting a search for
a successor Chief Financial Officer.
Attached
as Exhibit 99.1 is a press release issued on August 30, 2021 relating to the foregoing.
Mr.
Walker has served as the Company’s Controller since November 2015. Mr. Walker’s current annual base salary is $171,495 and
he is eligible for a bonus of 20% of his base salary at the target level of achievement of the performance goals under the Company’s
2021 annual bonus plan. Mr. Walker will receive a bonus of $15,000 in consideration of his additional responsibilities. Mr. Walker also
participates in the Company’s 401(k) plan and health, dental, disability and life insurance and other benefit plans on the same
basis as other employees of the Company. Mr. Walker’s employment with the Company is “at will.” Mr. Walker has entered
into the Company’s standard agreement with employees governing assignment of inventions, confidential information and non-competition.
Item
9.01
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Financial
Statements and Exhibits.
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SIGNATURE
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, thereunto duly authorized.
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QUMU
CORPORATION
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By:
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/s/
TJ Kennedy
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TJ
Kennedy
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Chief
Executive Officer
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Date:
August 30, 2021
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