MOBILESMITH, INC. (OTCMKTS:MOST) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 14, 2019, the Board of Directors (the “Board”) of MobileSmith, Inc. (the “Company”) approved grant of options under the Company’s 2016 Equity Incentive Plan (the “2016 Plan”) to the Company Board member Ronen Shviki to purchase a total of 366,980 shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”).
The options granted have a ten-year term and are scheduled to vest on a quarterly basis, in 8 equal quarterly installments at the end of each quarter, beginning with the quarter ending March 31, 2019. The options have an exercise price per share equal to $1.80, which was the closing price per share of the Company’s Common Stock on January 14, 2019, the grant date. The form of Stock Option Award Agreement for the stock option grants is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
10.1 Form of Stock Option Award Agreement
MobileSmith, Inc. Exhibit
EX-10.1 2 most_agreement.htm FORM OF STOCK OPTION AWARD AGREEMENT Blueprint EXHIBIT 10.1 MOBILESMITH,…
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About MOBILESMITH, INC. (OTCMKTS:MOST)
MobileSmith, Inc. develops and markets a software-as-a-service (SaaS) platform that allows non-programmers to design and build native mobile applications for smartphones and tablets. The Company’s product is the MobileSmith Platform (the Platform). The Company’s Platform is an application development platform that enables organizations to create, deploy and manage custom, native smartphone and tablet applications deliverable across iPhone operating system (iOS) and Android mobile platforms. The Company’s principal products and services include subscription to its SaaS cloud-based mobile application development platform to customers who design and build their own applications; internal and secure mobile development platform for the United States Department of Defense and related contractors; custom mobile application design and development services; mobile application marketing services, and mobile strategy implementation consulting.
