Current Report Filing (8-k)
April 24 2019 - 7:33AM
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): April 17, 2019
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 Compensatory Arrangement of Certain Officers
On
April 17, 2019, the Board of Directors extended the contract for Robert Phillips as its Chief Financial Officer until December
31, 2019. Since January 2018, Mr. Phillips has been working as a controller and Chief Financial Officer for the Company pursuant
to a one-year consulting agreement. The extended one-year consulting agreement. which called for a monthly fee of $12,500. Of
the $12,500, $2,500 per month is being accrued until a funding event of at least $2 million. The remaining $10,000 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.
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:
April 24, 2019
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/s/
Stephen Squires
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STEPHEN
SQUIRES, CEO
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