Current Report Filing (8-k)
November 24 2020 - 05:13PM
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 23,
2020
_______________
Crexendo,
Inc.
(Exact Name of Registrant as Specified in Its Charter)
_______________
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Nevada
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001-32277
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87-0591719
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(State or Other Jurisdictionof Incorporation)
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(CommissionFile Number)
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(IRS EmployerIdentification No.)
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1615
S. 52nd
Street, Tempe, AZ 85281
(Address of Principal Executive Offices) (Zip Code)
(602)
714-8500
(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 (see General Instruction A.2.
below):
☐
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))
Item
5.02.
Departure
of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
Appointment of Jon
Brinton to the position of Chief Revenue Officer.
On
November 23, 2020, Crexendo, Inc. (the “Company”) appointed Jon Brinton as the
Company’s Chief Revenue Officer effective immediately.
Prior
to joining the Company, Brinton was Vice President of Channel Sales
for North America for Avaya. Prior to joining Avaya, Brinton served
in various Senior Executive roles at Mitel. Amongst those, as
President of the Cloud Division from its formation in 2011 to
attain the #2 Global Market share position for Unified
Communications as a Service users globally over a period of six
years. In addition, Brinton held other Senior Executive roles
including managing the Contact Center line of business amongst
other responsibilities within Mitel. Brinton’s 25 years of industry
experience also includes serving in Senior Leadership roles with
Inter-Tel.
There
is no arrangement or understanding between Mr. Brinton and any
other person pursuant to which he was selected as an officer of the
Company.
Mr.
Brinton’s employment is not subject to an employment contract. Mr.
Brinton is receiving a base salary of $205,000 per year plus
potential incentive bonuses. If the Company approves an executive
bonus plan for 2021 it is expected that Mr. Brinton would be
included as a participant. In addition, Mr. Brinton was awarded
100,000 options to purchase common stock under the Crexendo Long
Term Incentive Plan, the options vest ratably over a three-year
period (the award was made on November 16, 2020 prior to Mr.
Brinton being named Chief Revenue Officer).
On
November 23, 2020, the Company issued a press release in which it
announced the appointment of Mr. Brinton. A copy of the press
release is attached as Exhibit 99.1 and incorporated by referenced
into this Item 9.01.
Item
9.01.
Financial
Statements and
Exhibits.
99.1 Press release dated November 23, 2020.
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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Crexendo,
Inc.
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Date:
November 24, 2020
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By:
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/s/
Ronald
Vincent
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Ronald
Vincent
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Chief Financial
Officer
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Crexendo (QX) (USOTC:CXDO)
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Crexendo (QX) (USOTC:CXDO)
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