Current Report Filing (8-k)
June 22 2017 - 7:57AM
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): June 15, 2017
PROVISION
HOLDING, INC.
(Exact
name of registrant as specified in its charter)
Nevada
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333-127347
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20-0754724
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(State
or Other Jurisdiction of
Incorporation or Organization)
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(Commission
File Number)
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(IRS
Employer
Identification No.)
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9253
Eton Avenue, Chatsworth, California 91311
(Address
of principal executive offices) (Zip Code)
N/A
(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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Indicate
by check mark whether the registrant is an emerging growth company as defined in 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. ☐
On
June 15, 2017, Provision Holding, Inc. (the “Company”) entered into a five year Strategic Alliance Agreement
(the “Agreement”) with Coinstar, LLC (“Coinstar”). Coinstar owns and operates approximately 17,000 self-service
coin co
unting kiosks at retailer store locations in the United States.
The
Company and Coinstar will work jointly to develop and integrate the Company’s free standing patented 3D holographic display
systems, known as HoloVision™ (the “Systems”) into Coinstar’s kiosks, and will be installed and promoted
at retailer store locations, the specifics of which will be mutually agreed to and summarized in a separate agreement (each a
“Statement of Work”). The Systems will have a proprietary coupon/loyalty card software application and provide advertising
and promotions through Coinstar kiosks. For all retailer store locations in which Coinstar kiosks are installed, Coinstar has
been granted an exclusive first right of refusal to include such locations.
The
Company shall pay to Coinstar, and Coinstar shall pay to participating retailers a specified percentage of monthly Net Advertising
Revenues, per kiosk (the “Promotion Retailer Commission”) included in a Statement of Work, which shall be determined
by mutual agreement of Coinstar and Provision. “Net Advertising Revenues” is defined as gross advertising revenues
from Systems less any operational expenses incurred in connection with such Systems (for example: cost of paper, service, network
connectivity, network administration). The Company shall evenly divide the remaining monthly Net Advertising Revenues after deducting
the Promotion Retailer Commission).
SIGNATURES
Pursuant
to the requirements of the Securities and 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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PROVISION
HOLDING, Inc
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Dated: June 22, 2017
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By:
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/s/
Curt Thornton
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Name: Curt Thornton
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Title: Chief Executive Officer
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