Current Report Filing (8-k)
May 03 2018 - 5:14PM
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): May 2,
2018
SPENDSMART NETWORKS, INC.
DELAWARE
|
000-27145
|
33-0756798
|
(State
or other jurisdiction of incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
|
805
Aerovista Place, Suite 205
San
Luis Obispo, CA 93401
(Address
of principal executive offices)
(866)
497-6081
(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 (See General Instruction A.2.
below):
☐
Written
communications pursuant to Rule 425 under the Securities Act of
1933 (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(e) under the Exchange Act (17
CFR 240.13e-4(c))
I
ndicate 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. Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
(b)
Effective May 2, 2018, Luke Wallace resigned as Chief
Executive Officer and Brett Schnell, the Company’s Chief
Financial Officer was appointed as the Interim Chief Executive
Officer. Mr. Wallace will serve as a consultant to the Company on a
month to month basis. There is no change to
Mr. Schnell’s compensation arrangement with the Company.
Mr. Schnell will continue to act as Chief Financial
Officer.
Mr. Schnell,
age 50, was appointed the Chief Financial Officer of the Company on
March 4, 2016. Prior to this Mr. Schnell had been the
Company’s Corporate Controller from October 2012 to March
2016. From 2011 to 2012, Mr. Schnell provided financial consulting
services to clients in the banking, insurance, financial services,
and SaaS industries. From 2009 to 2011, Mr. Schnell was the Finance
Director of Fairview Northland Medical Center (part of the greater
Minneapolis Fairview Health System), responsible for reporting,
budgeting, forecasting, strategy,long-term planning, and treasury
management. Prior to his tenure at Fairview Northland Medical
Center, Mr. Schnell was employed at Ameriprise Financial Services,
Inc. from 1991 to 2009 in several senior finance roles in the
banking, trust, client service, corporate controllership, and
domestic and international treasury divisions, providing leadership
to multiple acquisitions, new entity startups and the corporate
spin off from American Express. In addition, Mr. Schnell served in
financial consulting roles with Wells Fargo, General Mills, and
several startups. Mr. Schnell has a Bachelor of Business
Administration degree in Accounting from Iowa State University and
a Master of Business Administration degree from the University of
St Thomas. Mr. Schnell is also a Certified Public Accountant,
Certified Management Accountant, and Certified Treasury
Professional.
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 hereunto duly authorized.
Date: May 3,
2018
|
SPENDSMART
NETWORKS, INC.
By:
/s/ Brett
Schnell
Interim Chief
Executive Officer
|