Current Report Filing (8-k)
December 04 2017 - 4:45PM
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): November 29, 2017
Intellicheck,
Inc.
(Exact
name of registrant as specified in its charter)
Delaware
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000-50296
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11-3234779
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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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100
Jericho Quadrangle, Suite 202, Jericho, NY 11753
(Address
of principal executive offices) (Zip code)
(516)
992-1900
(Registrant’s
telephone number, including area code)
Not
Applicable
(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:
[ ]
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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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Item
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
of Certain Officers.
Entry
in to Severance Agreement Chief Executive Officer
On
November 29, 2017, Bill White, the Interim Chief Executive Officer of Intellicheck, Inc. (the “Company”) entered into
a severance agreement with the Company (the “Agreement”). The Agreement provides that in consideration of his services
and pursuant to the Agreement, in the event that Mr. White’s employment is terminated without “Cause” (as such
term is defined in the Agreement), Mr. White will receive a 24-month continuation of salary payments, continuation of certain
eligible medical benefits under the COBRA program, and a lump sum payment equal to any quarterly bonus target applicable during
the quarter of termination plus any prior completed quarterly bonus which has not yet been determined (if any).
In
addition, the Agreement provides that upon such termination without Cause, the Company will accelerate the vesting of all of Mr.
White’s outstanding but unvested stock options or other equity incentives.
The
Agreement replaces a severance agreement, as amended, initially executed by Mr. White and the Company on September 30, 2014 and
amended May 30, 2017 (the “Original Agreement”). The Original Agreement, as amended, provided equivalent severance
benefits as provided in the Agreement. The Original Agreement expired by its terms September 30, 2017.
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 thereunto duly authorized.
Dated:
December 4, 2017
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INTELLICHECK,
INC.
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By:
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/s/
Bill White
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Bill
White
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Interim
President and Chief Executive Officer; Chief Financial Officer
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