Current Report Filing (8-k)
October 16 2020 - 04:02PM
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 and Exchange
Act of 1934
Date of Report (Date of earliest event reported):
October 12, 2020
SILVERSUN TECHNOLOGIES, INC.
(Exact name of Registrant as specified in its charter)
Delaware
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001-38063
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16-1633636
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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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120 Eagle Rock Ave
East Hanover, NJ 07936
(Address of principal executive offices, including zip
code)
(973) 396-1720
(Registrant’s telephone number, including area code)
Check the appropriate box below if the 8-K filing is intended to
simultaneously satisfy the filing obligations of the registrant
under any of the following provisions:
☐
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Written communication 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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Securities registered pursuant to Section 12(b) of the Act:
Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Common shares (par value $0.00001 per share)
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SSNT
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NASDAQ
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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 (17
CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934
(17 CFR §240.12b-2).
Emerging growth company ☐
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 Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
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On October 12, 2020, Ms. Christine Dye informed the Board of
Directors of Silversun Technologies, Inc. (the “Company”) that she
was resigning from her position as Chief Financial Officer of the
Company, effective as of November 13, 2020 (the “CFO Transition”).
In order to facilitate a transition of her duties, the Company and
Ms. Dye entered into a Separation Agreement, effective as of
October 13, 2020, subject to a seven (7) day revocation period (the
“Separation Agreement”). Pursuant to the Separation Agreement, Ms.
Dye’s employment with the Company will end on November 13, 2020 and
Ms. Dye will receive separation payments in an aggregate gross
amount of $47,400.00. The Separation Agreement also contains
confidentiality and non-disparagement covenants and a release of
claims by Ms. Dye.
The foregoing is only a summary description of the terms of the
Separation Agreement and does not purport to be complete and is
qualified in its entirety by reference to the Separation Agreement,
which will be filed as an exhibit to the Company’s Quarterly Report
on Form 10-Q for the fiscal quarter ending September 30, 2020.
SIGNATURE
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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SILVERSUN TECHNOLOGIES, INC.
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Date: October 16, 2020
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By:
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/s/ Mark Meller
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Mark Meller
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President and Chief Executive Officer
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