SOCIAL REALITY, INC. (NASDAQ:SRAX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective June 23, 2017 the board of directors of Social Reality, Inc. appointed Mr. Hardy L. Thomas to the board of directors to fill a vacancy on the board created by a board resolution effective June 23, 2017 to increase the size of the Company’s board to eight members, as provide under the Company’s bylaws.   Biographical information for Mr. Thomas is as follows:

Hardy L. Thomas.  Mr. Thomas, age 77, has practiced law for over 50 years.  Mr. Thomas is a graduate of Stanford University and received an accounting degree from the University of Illinois at Champaign-Urbana and a Juris Doctorate from Harvard University.  

Consistent with our compensation policy for non-executive directors, upon his appointment to the board Mr. Thomas was awarded a restricted stock grant under our 2016 Equity Compensation Plan of 7,195 shares of our Class A common stock valued at $10,000 as partial consideration for his services as an independent director during 2017.  He will also receive a $10,000 annual retainer, payable quarterly, and a per meeting fee of $2,000.  There was no arrangement or understanding between Mr. Thomas and any other person to which he was appointed to our board.

About SOCIAL REALITY, INC. (NASDAQ:SRAX)

Social Reality, Inc. is an Internet advertising and platform technology company. The Company provides tools to automate the digital advertising market. It is engaged in the sales of digital media advertising campaigns to advertising agencies and brands; sales of media inventory through real-time bidding (RTB) exchanges; sale and licensing of its SRAX Social platform and related media, and creation of custom platforms for buying media on SRAX for various brands. Its technology assists publishers in delivering their media inventory to the RTB exchanges. It provides the SRAX platform to brands and their advertising agencies. SRAX Social is a social media and loyalty platform that allows brands to launch and manage their social media initiatives. SRAX MD is an advertisement targeting and data platform for healthcare brands and medical content publishers. SRAX APP is a platform that allows publishers and content owners to launch native mobile applications through its SRAX platform.