Current Report Filing (8-k)
November 04 2016 - 6:09AM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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 24, 2016
GeneSYS ID, Inc.
(Exact name of registrant as specified in its charter)
Nevada
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000-55373
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27-2928918
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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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170 Green Valley Parkway, Suite 300
Henderson, NV
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89012
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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: 702-800-4620
_______________________________________ ______________
(Former name or former address, if changed since
last report)
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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 (17CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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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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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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SECTION 1 – Registrant’s Business and Operations
Item 1.01 Entry into a Material Definitive Agreement
As previously reported, on May 23, 2016, the Company entered into
an employment agreement with Richard Iler (“Yarde”) to be its Chief Financial Officer (the “Agreement”).
The description of the Agreement and the Agreement itself was filed on Form 8-K on May 24, 2016 with the SEC.
On October 24, 2015, the Agreement was amended (the “Amended
and Restated Employment Agreement”) to extend the term of employment, amend the employment from part-time to full time and
to increase Mr. Iler’s salary from $100,000 to $125,000.
A copy of the Amended and Restated Employment Agreement is attached
to this Current Report on Form 8-K as Exhibit 10.1 and incorporated herein by reference.
SECTION 5 – CORPORATE GOVERNANCE AND MANAGEMENT
Item 5.02 Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
The information set forth in Items 1.01 is incorporated into this
Item 5.02 by reference.
Effective October 24, 2016, the Company’s
board of directors appointed Richard Iler to act as the Company’s Secretary. The description of Mr. Iler’s employment
history is set forth in the Company’s Form 8-K filed on May 24, 2016 with the SEC.
Mr. Iler 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. Iler and any of the Company’s directors or executive officers.
Aside from the foregoing, Mr. Iler has not
had any material direct or indirect interest in any of the Company’s transactions or proposed transactions over the last
two years.
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.
GeneSYS ID, Inc.
/s/ Lorraine Yarde
Lorraine Yarde
CEO
Date: November 3, 2016