Blue Sphere Corporation (OTCMKTS:BLSP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Blue Sphere Corporation (OTCMKTS:BLSP) 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 Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On and effective as of February 20, 2018, Lyron Bentovim resigned from the Company’s Board of Directors. Mr. Bentovim was a member of our Audit Committee and Nominations Committee, and was Chairman of the Finance Committee.

Mr. Bentovim served as a member of our Board of Directors since August 2016, during which time we enjoyed the professional capabilities, sincerity and devotion he brought to the Company. As an emerging growth company, we are in a constant state of business and project-level development and frequently, since inception, must raise funds, not just for operations but to support our facility acquisitions and project construction activities. Presently, the Company is striving to achieve project-level milestones that we believe are key to the Company’s long-term success, but the Company requires additional funds to achieve these milestones. Mr. Bentovim resigned because he had a different perspective on the strategic direction of the Company; specifically, he suggested not to pursue fundraising activities that the Company has negotiated, and/or is presently negotiating. Mr. Bentovim believed such differences would prevent him from serving effectively on the Board of Directors. Mr. Bentovim departs a friend of the Company, his resignation is the result of different professional approaches.

Item 9.01

Financial Statements and Exhibits.

The following exhibits are furnished as part of this Current Report on Form 8-K:

(d) Exhibits.


BLUE SPHERE CORP. Exhibit
EX-17.1 2 ex17-1.htm RESIGNATION OF LYRON BENTOVIM   Blue Sphere Corporation 8-K   Exhibit 17.1     February 20,…
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About Blue Sphere Corporation (OTCMKTS:BLSP)

Blue Sphere Corporation is a global clean energy company. The Company develops, manages and owns waste-to-energy and other renewable energy projects. It is an international build, own and operate company (BOO) active around the world in the clean energy production and organics to energy markets. The Company is focused on approximately 10 projects related to the construction, acquisition or development of biogas facilities. It is carrying out a range of waste-to-energy projects around the world with capacities ranging between 1 to 5 megawatts. It has a waste to energy anaerobic digester of approximately 5.2 megawatts plant in Charlotte, North Carolina. The Company operates a waste to energy anaerobic digester of approximately 3.2 megawatts plant in Johnston, Rhode Island. The Company has a waste to energy anaerobic digester of approximately five megawatts plant in Ramat Chovav, Israel. As of September 30, 2015, the Company had not generated any revenues.

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