Current Report Filing (8-k)
October 30 2018 - 4:44PM
Edgar (US Regulatory)
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): October 24, 2018
InsPro
Technologies Corporation
(Exact
name of registrant as specified in charter)
Delaware
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000-51701
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98-0438502
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.)
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1510 Chester Pike
Suite 400
Eddystone, Pennsylvania 19022
(Address of principal executive offices)
(484) 654-2200
(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):
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Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 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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Indicate 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
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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.
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Item 5.02.
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Departure of Directors or Principal Officers; Election
of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.
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(b) On October 24, 2018, David M. Anderson resigned effective
immediately as the Chief Executive Officer and as a member of the Board of Directors (the “Board”) of InsPro Technologies
Corporation (the “Company”). The resignation was not the result of any disagreement between the Company and Mr. Anderson
on any matter relating to the Company’s operations, policies or practices.
(c) On October
29, 2018, the Board appointed Anthony R. Verdi effective immediately as the Company’s President and Chief Executive
Officer. Mr. Verdi, age 69, remains the Company’s Chief Financial Officer, which roll he has held since November 2005,
and a member of the Board, where he has served since June 2008.
Mr. Verdi’s compensation for his role as the Company’s
President and Chief Executive Officer has not yet been determined. In accordance with Instruction 2 of Item 5.02 of Form 8-K,
the Company will amend this Current Report on Form 8-K within four business days after such compensation information is determined.
There are no arrangements or understandings between Mr. Verdi
and any other persons pursuant to which he was appointed President and Chief Executive Officer. There are no family relationships
between Mr. Verdi and any director or executive officer of the Company, and Mr. Verdi does not have any direct or indirect material
interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
On October 30, 2018,
the Company issued a press release announcing Mr. Anthony R. Verdi’s appointment as President and Chief Executive Officer
of the Company and the resignation of Mr. David M. Anderson as Chief Executive Officer of the Company
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A copy of this press release is attached hereto as Exhibit 99.1.
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Item 9.01.
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Financial Statements and Exhibits.
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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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INSPRO TECHNOLOGIES CORPORATION
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Date:
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October 30, 2018
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By:
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/s/
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Anthony R. Verdi
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Name:
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Anthony R. Verdi
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Title:
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Chief Executive Officer and Chief Financial Officer
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