Akoustis Technologies, Inc. (OTCMKTS:AKTS) 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
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Departure of Director or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On June 22, 2017, the Compensation Committee of the Board of
Directors of Akoustis Technologies, Inc. (the Company) approved
and adopted a revised form of Restricted Stock Award Agreement to
be used in connection with grants of restricted stock awards
under the Companys 2016 Stock Incentive Plan (the Plan). Any
future grants of restricted stock awards made to the Companys
directors, officers, and employees under the Plan will be subject
to the terms and conditions of the Plan and the revised form of
Restricted Stock Award Agreement, as such agreement may be
modified by the terms of individual grants approved by the
Compensation Committee. Revisions made to the form of Restricted
Stock Award Agreement provide that, instead of vesting the
unvested portion of the restricted stock award subject to the
agreement upon termination of the participants service by the
Company without cause, by the participant for good reason, or due
to the participants disability, the unvested portion of the award
will be forfeited immediately upon termination for any reason.
The foregoing description of the revised form of Restricted Stock
Award Agreement is qualified in its entirety by reference to the
form of agreement, attached hereto as Exhibit 10.1 and
incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits:
| Exhibit No. | Description |
| 10.1 | Revised Form of Restricted Stock Award Agreement |
Akoustis Technologies, Inc. ExhibitEX-10.1 2 s106663_ex10-1.htm EXHIBIT 10.1 Exhibit 10.1 AKOUSTIS TECHNOLOGIES,…To view the full exhibit click here About Akoustis Technologies, Inc. (OTCMKTS:AKTS)
Akoustis Technologies, Inc., formerly Danlax, Corp., is a fabless company engaged in developing, designing and manufacturing radio frequency (RF) filter products for the mobile wireless device industry. The Company operates in the telecommunications and fiber optics sector. The Company is focused on commercializing and manufacturing its Bulk ONE acoustic wave technology to address the critical frequency-selectivity requirements in mobile smartphones. The Company plans to use single crystal piezoelectric materials to develop a class of RF filters with a fundamental advantage to reduce losses over existing thin film technologies. The Company’s piezoelectric materials contain high-purity Group III element nitride materials and possess a signature, which can be detected by conventional material metrology tools. The Company is focused on the commercialization of bandwidth RF filters operating in the high frequency portion of the RF Front end (RFFE) (called high band).
