Current Report Filing (8-k)
March 23 2021 - 5:13PM
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): March 18, 2021
FUBOTV
INC.
(Exact
name of registrant as specified in its charter)
Florida
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001-39590
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26-4330545
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(State
or other jurisdiction of
incorporation
or organization)
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(Commission
File
Number)
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(I.R.S.
Employer
Identification
Number)
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1330
Avenue of the Americas, New York, NY
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10019
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code:
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(212)
672-0055
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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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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
Stock, par value $0.0001 per share
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FUBO
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New
York Stock Exchange
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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 [ ]
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 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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(e)
As
previously disclosed in the Company’s Current Report on Form 8-K filed March 12, 2021, Jordan Fiksenbaum resigned from his
position as President of fuboTV Inc., a Florida corporation, (the “Company”), effective as of March 8, 2021
(the “Resignation Date”). Mr. Fiksenbaum was designated President of the Company prior to the merger of
Facebank Group Inc. and fuboTV in April 2020. His resignation represents an amicable alignment of his post-merger current responsibilities
to his role. More specifically, Mr. Fiksenbaum will remain a director and officer of Pulse Evolution Corporation, an entity in
which the Company is a majority owner, and focus on that business. The Company has no current intent to designate a Company president
and David Gandler will continue to lead the Company as its CEO as he has since the merger in April 2020.
The
Company and Mr. Fiksenbaum have agreed (i) to enter into a Separation and Settlement Agreement and Release dated as of March 18,
2021 (the “Separation Agreement”), and, (ii) that Mr. Fiksenbaum will provide services to Pulse Evolution Corporation
pursuant to the terms of a consulting agreement by and among the Company and HC Marketing, LLC, a company controlled by Mr. Fiksenbaum,
dated as of March 18, 2021 (the “Consulting Agreement”).
Under
the terms of the Separation Agreement, Mr. Fiksenbaum will be paid a total of Three Hundred Thousand Dollars ($300,000) to be
paid in equal monthly installments of Twenty-Five Thousand U.S. Dollars ($25,000) over the first 12 months following the Effective
Date (as defined in the Separation Agreement) in exchange for a general release of claims against the Company and in satisfaction
of any outstanding monetary obligations of the Company to Mr. Fiksenbaum.
A
copy of the Separation Agreement, is attached hereto as Exhibit 10.1 and is incorporated herein by reference. The foregoing summary
of the material terms of the Separation Agreement does not purport to be complete and is qualified in its entirety by reference
to Exhibit 10.1.
Under
the terms of the Consulting Agreement, Mr. Fiksenbaum will be paid equal monthly installments of Fifteen Thousand U.S. Dollars
($15,000) over the first 12 months following the Effective Date (as defined in the Consulting Agreement) for an aggregate
payment of One Hundred Eighty Thousand U.S. Dollars ($180,000) in exchange for the performance of certain services to be
provided to Pulse Evolution Corporation.
A
copy of the Consulting Agreement, is attached hereto as Exhibit 10.2 and is incorporated herein by reference. The foregoing summary
of the material terms of the Consulting Agreement does not purport to be complete and is qualified in its entirety by reference
to Exhibit 10.2.
Item
9.01
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Financial
Statements and Exhibits
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(d)
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, thereunto duly authorized.
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FUBOTV
INC.
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Date:
March 23, 2021
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By
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/s/
Simone Nardi
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Name:
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Simone
Nardi
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Title:
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Chief
Financial Officer
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