Current Report Filing (8-k)
May 21 2018 - 05:32PM
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 17, 2018 (May 21, 2018)
QUANTUM
MATERIALS CORP.
(Exact
name of registrant as specified in its charter)
Nevada
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000-52956
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20-8195578
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(state
or other jurisdiction
of
incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
Number)
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3055
Hunter Road
San
Marcos, TX
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78666
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(address
of principal executive offices)
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(zip
code)
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512-245-6646
(registrant’s
telephone number, including area code)
(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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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
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Departure
of Director or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain
Officers
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On
May 17, 2018, the Board of Directors elected Robert Phillips as its new Chief Financial Officer. Since January 2018, Mr. Phillips
has been working as a controller for the Company pursuant to a one-year consulting agreement which called for a monthly fee of
$9,167. Of the $9,167, $2,500 per month is being accrued until a funding event of at least $2 million. The remaining $6,667 is
being paid through the issuance of the Company’s common stock based upon a 20% discount to market. Mr. Phillips has the
right to convert his accrued fees into common stock at the same discount to market.
Mr.
Phillips has extensive experience in accounting, finance, Security and Exchange Commission (“SEC”) financial reporting,
Sarbanes Oxley compliance (“SOX”) and strategic planning in diverse industries including software, hardware manufacturing,
medical technology and global communication services.
Less
than two years after completing his MBA at Texas A&M, he became CFO of a publicly traded company going through a difficult
turnaround. A few years later he again became CFO and Chief Strategy Officer at publicly traded SecureCare Technologies, a medical
technology spin-out and negotiated private equity investments. His early CFO experience has led me to positions and consulting
engagements ranging from CFO of iStream Technologies, a startup business process management company specializing in regulatory
compliance, to world-class Apple where he was a managing consultant of a high transaction volume stock operations team and managed
accounting and related Form 10-Q and Form 10-K financial equity disclosure and technical accounting assessments as well as transitioned
the departments operational site from Cupertino to Austin. He was also VP of Venture Development at a venture backed e-commerce
startup incubator in Austin, Texas.
He
has served as Controller of Rocket Gaming Systems as well as Financial Reporting and Planning Director at Multimedia Games and
at Rignet during an IPO. As financial consultant at Bridgepoint Consulting Group, he has held CFO services, Interim Controller
and SEC Financial Reporting positions at Phunware, Crossroads Systems, ActivePower, Harden Healthcare, ArthroCare, Boardbooks.com,
Rainmaker Technologies and Fallbrook Technologies. Also, financial consulting and CFO services engagements at multinational companies
including BMC Software, Natco Group, Respironics and FIC Group.
E.J.
Schloss, the former Chief Accounting Officer will remain with the Company as Controller.
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.
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QUANTUM
MATERIALS CORP.
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Dated:
May 21, 2018
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/s/
Stephen Squires
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STEPHEN
SQUIRES, CEO
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