Ecoark Holdings, Inc. (OTCMKTS:EARK) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.
The Board of Directors (the “Board”) of Ecoark Holdings, Inc. (the “Company”) accepted the resignations of Terrence Matthews and Susan Chambers as directors of the Company, effective on May 11, 2018. The resignations were not the result of any disagreement with the Company.
to the recommendation of the Company’s Corporate Governance and Nominating Committee, the Board voted to reduce the size of the Board from eight to six members, effective on May 11, 2018 As a result of such reduction, there are currently no vacancies on the Board.
On May 11, 2018, Jay Puchir resigned as the Company’s Chief Financial Officer and Treasurer. to a Separation Agreement with the Company (the “Separation Agreement”), Mr. Puchir will receive his normal monthly salary of $13,333 through June 11, 2018. In connection with his resignation, Mr. Puchir entered into a Consulting Agreement with the Company (the “Consulting Agreement”) for a term of six months beginning June 12, 2018 (the “Effective Date”) for $5,000 per month. Under the Consulting Agreement, Mr. Puchir has agreed to assist the Company with strategic financial and marketing services including, but not limited to, assistance with raising capital and investor relations.
The foregoing description of the Separation Agreement and Consulting Agreement does not purport to be complete and is qualified in its entirety by reference to the exhibits filed with this Current Report.
On May 17, 2018, the Company issued a press release regarding the matters described above under Item 5.02 of this Current Report on Form 8-K. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
The information in this Item 5.02 of this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, shall not be deemed “filed” for purposes of Section 18 of the United States Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the United States Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
|Item 5.02.||Financial Statements and Exhibits.|
Ecoark Holdings, Inc. ExhibitEX-10.1 2 f8k051118ex10-1_ecoarkhold.htm SEPARATION AGREEMENT BETWEEN THE COMPANY AND JAY PUCHIR,…To view the full exhibit click
About Ecoark Holdings, Inc. (OTCMKTS:EARK)
Ecoark Holdings, Inc. is a technology solutions company. The Company offers technologies to fight waste in operations, logistics, and supply chains worldwide. It provides pallet-level time and temperature tracking, pre-cool prioritization and monitoring, pallet routing, real-time in-transit monitoring, remote visibility, and quality management solutions. The Company also offers Point Clouds, which creates two dimensional (2d) and three dimensional (3d) digital replications; High definition (HD) photos, a 360 degree rotational bubble image from various project perspectives; 2d Plans that plan and elevates views in CAD/PDF; and 3d models, such as Revit, CAD, Cyclone, 3dS, and others; as well as provides training and consultation services on laser scan and/or creates 2d as-builts or 3d models. In addition, it provides tech driven consumer products.