SOLIS TEK INC. (OTCMKTS:SLTK) Files An 8-K Entry into a Material Definitive AgreementItem 1.01 Entry into a Material Definitive Agreement.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Amendment to Davis Employment Agreement
On August 27, 2018, Solis Tek Inc. (the “Company”) and Tiffany Davis (“Davis”) entered into an amendment (the “Amendment”) to the employment agreement between the Company and Davis, dated August 22, 2018 (the “Agreement”). Under the Agreement, Davis was to receive 750,000 shares of the Company’s common stock, par value $0.001 per share (“Common Stock”), upon the effective date of the Agreement. to the Amendment, Davis agreed to accept, in lieu of the 750,000 shares of Common Stock, options to purchase 750,000 shares of Common Stock, exercisable for five years at $0.94 per share. No other changes were made to the Agreement.
Resignation of Stanley Teeple
On August 30, 2018, Stanley Teeple resigned as the Company’s Chief Compliance Officer, Secretary and Senior Vice President, effective August 31, 2018.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Solis Tek, Inc./NV ExhibitEX-10.01 2 ex10-01.htm Exhibit 10.01 SOLIS TEK INC. 853 Sandhill Avenue Carson,…To view the full exhibit click here
About SOLIS TEK INC. (OTCMKTS:SLTK)
Solis Tek Inc., formerly Cinjet, Inc., is an importer, distributer and marketer of digital lighting equipment for the hydroponics industry. The Company provides aptitudes with its ballast, reflector and lamp products. The Company is focused on the research, design, development and manufacturing of indoor horticulture lighting and ancillary equipment. Its product line includes digital ballasts, a line of lighting products including a line of specialty ballasts ranging from 400 watts to 1,000 watts with various features, a line of specialty metal halide digital lamps (Lamp Products), a line of reflectors, high intensity lighting accessories and a line of double ended lamps, ceramic metal halide lamps and light emitting diode (LED) lighting technologies. Solis Tek Digital Ballasts are designed with Ignition Control sequential lamp ignition, and SenseSmart, self- diagnostic safety systems. Solis Tek Digital Lamps are designed to be tuned and matched with Solis Tek digital ballasts.
