Current Report Filing (8-k)
January 17 2019 - 11:33AM
Edgar (US Regulatory)
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)
January 17, 2019
(
December 12, 2018
)
TRIDENT BRANDS INCORPORATED
(Exact name of registrant as specified in its charter)
Nevada
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000-53707
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26-1367322
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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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200 South Executive Drive, Suite 101, Brookfield, WI
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53005
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(Address of principal executive offices)
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(Zip Code)
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Item 8.01
Other Events
Change in Compensation of Senior Officers
On December 12, 2018 Trident Brands, Inc. (“we”, “us”, “our” the “Company”) our Board of Directors approved the following changes to the annual base compensation of senior management executives of the Company:
·
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Anthony Pallante, Chief Executive Officer and Chair of the Board: $22,000 effective January 1, 2019 ($2,000 director’s fee cancelled effective January 1, 2019);
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·
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Mark Holcombe, President, Chief Financial Officer and Director: $17,000 effective January 1, 2019 ($2,000 director’s fee cancelled effective January 1, 2019);
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·
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Mark Cluett, Chief Operating Officer: $15,000 effective January 1, 2019;
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·
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Alan Jones, Chief Science Officer, $15,000 effective January 1, 2019; and
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·
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Peter Salvo, Controller, Secretary: $12,500 effective December 1, 2018.
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Approval of re-repricing of options
Also, effective January 4, 2019, our Board of Directors approved the repricing of 2,025,000 previously issued stock options to a price of $0.40 cents per share. The options were originally issued under the Company’s 2013 stock option plan to directors, executives, employees and contractors of the company between 2014 and 2017, and priced between $0.75 and $1.50. The closing price of the Company’s common shares on the OTC Bulletin Board on January 4, 2019 was $0.40.
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.
TRIDENT BRANDS INCORPORATED
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/s/ Mark Holcombe
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Mark Holcombe
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Chairman
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Date: December 5, 2018
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2
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