INVESTVIEW, INC. (OTCMKTS:INVU) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersITEM 5.02—DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS
On October 10, 2017, InvestView, Inc., entered into compensation agreements with Ryan Smith, its Chief Executive Officer; Annette Raynor, its Chief Operations Officer and Corporate Secretary; and Chad Miller, its Chief Visionary Officer. Each of the agreements provides for an annual salary of $225,000 and includes termination payments of three times the executive’s annual salary if the executive is terminated without cause and one year of salary if the executive is terminated for cause.
On October 11, 2017, the Company entered into a revenue agreement with its four founders, including Ryan Smith, Annette Raynor, and Chad Miller. Under the terms of that agreement, each of the founders is entitled to receive a payment of three quarters of one percent (0.75%) of the Company’s gross revenues, calculated and paid on a monthly basis, as consideration for founding the Company. The right to receive these payments is permanent and irrevocable and is not connected with their employment with the Company.
ITEM 8.01—OTHER EVENTS
On October 10, 2017, the Company entered into a compensation agreement with Mario Romano, its Director of Finance and Investor Relations. The agreement provides for an annual salary of $225,000 and includes termination payments of three times Mr. Romano’s annual salary if he is terminated without cause and one year of salary if he is terminated for cause.
ITEM 9.01—FINANCIAL STATEMENTS AND EXHIBITS
The following are filed as exhibits to this report:
|
Exhibit Number* |
Title of Document | Location |
| Item 99 | Miscellaneous | |
| 10.24 | Founder Employment Agreement between InvestView, Inc., and Ryan Smith, entered October 10, 2017 | Attached |
| 10.25 | Founder Employment Agreement between InvestView, Inc., and Annette Raynor, entered October 10, 2017 | Attached |
| 10.26 | Founder Employment Agreement between InvestView, Inc., and Chad Miller, entered October 10, 2017 | Attached |
| 10.27 | Founder Employment Agreement between InvestView, Inc., and Mario Romano, entered October 10, 2017 | Attached |
| 10.28 | Founder Revenue Agreement among InvestView, Inc. and Chad Miller, Annette Raynor, Mario Romano, and Ryan Smith | Attached |
| * | All exhibits are numbered with the number preceding the decimal indicating the applicable SEC reference number in Item 601 and the number following the decimal indicating the sequence of the particular document. Omitted numbers in the sequence refer to documents previously filed as an exhibit. |
Investview, Inc. ExhibitEX-10.24 2 tv476913_ex10-24.htm EXHIBIT 10.24 Exhibit 10.24 FOUNDER EMPLOYMENT AGREEMENT THIS FOUNDER EMPLOYMENT AGREEMENT (this "Agreement") is entered into this 10th day of October,…To view the full exhibit click here
About INVESTVIEW, INC. (OTCMKTS:INVU)
Investview, Inc. is a financial services company. The Company operates primarily through its subsidiaries, to provide financial products and services to accredited investors, self-directed investors and select financial institutions. It also provides investor education products and newsletters that provide trading ideas. In addition, it offers Foreign Exchange Currency trading newsletters. Its products include Live workshops and workshop certificates; online training and courses; coaching/counseling services; Website/data fees (monthly), and Website/data fees (pre-paid subscriptions). It provides a range of products that allow the self-directed individual investor to find, analyze, track and manage his or her portfolio. Its primary legacy product is an all-inclusive online education, analysis and application platform. The Company provides solution to its clients in the financial community by providing an array of information services that include stock market information and tools.
