Current Report Filing (8-k)
December 04 2017 - 3:08PM
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): December 4, 2017 (November 29, 2017)
AERKOMM
INC.
|
(Exact
name of registrant as specified in its charter)
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Nevada
|
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333-192093
|
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46-3424568
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(State or other jurisdiction
of incorporation)
|
|
(Commission
File Number)
|
|
(IRS Employer
Identification No.)
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923
Incline Way #39, Incline Village, NV 89451
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(Address of principal
executive offices)
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(877)
742-3094
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(Registrant's telephone
number, including area code)
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44043
Fremont Blvd., Fremont, CA 94538
|
(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:
☐
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
☐
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
☐
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
☐
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
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. ☐
Page
2
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 November 29, 2017, Aerkomm Inc. (the “Company”) entered
into an employment agreement with Mr. Peter Chiou (the “Employment Agreement”), the Company’s Chief Executive
Officer, effective November 1, 2017. Pursuant to the terms of the Employment Agreement, the Company has agreed to pay Mr. Chiou
an annual salary of $144,000, or $12,000 per month, beginning November 1, 2017.
The Employment Agreement also provides that Mr. Chiou is
entitled to twenty (20) working days of vacation per year and that he is eligible to participate in the standard benefits plans
offered to similarly situated employees by the Company from time to time, subject to plan terms and generally applicable Company
policies. The Employment Agreement contains covenants prohibiting Mr. Chiou from competing with the Company during his employment,
or from soliciting any employees or consultants of the Company for a period of two years after his employment ends. The Employment
Agreement also contains customary confidentiality provisions. The Employment Agreement may be terminated by either party for any
reason upon 30 days’ notice.
The foregoing description of the Employment Agreement does
not purport to be complete and is qualified in its entirety by reference to the full text of the Employment Agreement filed as
Exhibit 10.1 to this Form 8-K, which is incorporated herein by reference.
Item
9.01
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Financial
Statements and Exhibits.
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(d)
Exhibits
The
following exhibits are filed herewith:
Page
3
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.
Date: December 4, 2017
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AERKOMM INC.
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|
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/s/ Y.
Tristan Kuo
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Name: Y. Tristan Kuo
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Title: Chief Financial Officer
|
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