Current Report Filing (8-k)

Date : 09/10/2019 @ 10:09AM
Source : Edgar (US Regulatory)
Stock : 2050 Motors, Inc. (PC) (ETFM)
Quote : 0.0001  0.0 (0.00%) @ 8:50PM

Current Report Filing (8-k)

 

 

 

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): September 10, 2019

 

2050 MOTORS, INC.

(Exact name of Registrant as specified in its Charter)

 

CALIFORNIA   001-13126   83-3889101
(State or other jurisdiction
of incorporation)
  (Commission
File No.)
  (IRS Employer
Identification No.)

 

25 N River Lane Suite 2050, Geneva, IL 60134

(Address of principal executive offices)

 

(630) 708-0750

(Registrant’s Telephone Number)

 

 

(Former name or 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):

 

[  ] 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))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2) [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 [X]

 

 

 

     
     

 

2050 Motors, Inc. is referred to herein as “we”, “us”, or “us”

 

ITEM 8.01 Other Events

 

2050 Motors, Inc. hereby files this Form 8K to clarify erroneous and incomplete information distributed regarding compensation given to its CEO, Vikram Grover. Year-to-date since his employment with the Company on March 5, 2019, Grover has received cash compensation from his annual employment agreement of $25,178.75. Further, on August 26, 2019, Grover converted $25,000.00 of accrued compensation into 125,000,000 common stock equivalents (CSEs) in the form of 125,000 Series B Convertible Preferred Stock.

 

     
     

 

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.

 

  2050 MOTORS, INC.
     
Date: September 10, 2019 By: /s/ Vikram Grover
    Vikram Grover
    Chief Executive Officer

 

     
     

 

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