Ominto, Inc. (OTCMKTS:OMNT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Ominto, Inc. (OTCMKTS:OMNT) 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 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

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On May 12, 2018, Gregory J. Newell amicably resigned from the Board of Directors (the “Board”) of Ominto, Inc., a Nevada corporation (the “Company”).Mr. Newell was a member of the Board’s audit committee andcompensation committee.Mr. Newell’s resignation did not result from any disagreement with us concerning any matter relating to the Company’s operations, policies or practices.

On May 13, 2018, Jaye Connolly-LaBelle amicably resigned from the Board.Ms. Connolly-LaBelle was a member of the Board’s audit committee (Chair) and nominating and corporate governance committee.Ms. Connolly-LaBelle’s resignation did not result from any disagreement with us concerning any matter relating to the Company’s operations, policies or practices.

On May 13, 2018, Peter H. Harris amicably resigned from the Board.Mr. Harris was a member of the Board’saudit committee andcompensation committee (Chair).Mr. Harris’ resignation did not result from any disagreement with us concerning any matter relating to the Company’s operations, policies or practices.

On May 13, 2018, Gary S. Baughman amicably resigned from the Board.Mr. Baughman was a member of the Board’saudit committee, nominating and corporate governance committee (Chair) andcompensation committee.Mr. Baughman’s resignation did not result from any disagreement with us concerning any matter relating to the Company’s operations, policies or practices.

On May 13, 2018, Mitchell C. Hill amicably resigned from the Board.Mr. Hill was an Executive Director of the Company.Mr. Hill’s resignation did not result from any disagreement with us concerning any matter relating to the Company’s operations, policies or practices.

Item 7.01 Regulation FD Disclosure.

On May 18, 2018, the Company issued a press release announcing the resignations of Mr. Hill, Mr. Newell, Ms. Connolly-LaBelle, Mr. Harris and Mr. Baughman. A copy of the press release is furnished as Exhibit 99.1 to this Report.

In accordance with General Instruction B.2 of Form 8-K, the press release is deemed to be “furnished” and shall not be deemed “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information and Exhibit be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit

Number

Description
99.1 Press Release dated May 18, 2018.


Ominto, Inc. Exhibit
EX-99.1 2 f8k051218ex99-1_omintoinc.htm PRESS RELEASE DATED MAY 18,…
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About Ominto, Inc. (OTCMKTS:OMNT)

Ominto, Inc. (Ominto), formerly DubLi, Inc., is engaged in online cash back shopping. The Company’s shopping portal serves customers in approximately 100 countries. Using its consumer-adaptive e-commerce sites, shoppers are linked and can browse third party Websites with different categories of products, which Websites feature, including international and local brands, travel, coupons, discounts and vouchers. The Company offers its product and service lines in the E-Commerce and Memberships segment, which includes business license fees, membership subscription fees and commission income, and advertising and marketing programs. The Company has adapted its Cash Back platform to serve over 10 international markets in approximately 10 languages and currencies. Its Websites feature various regional and international brands, including Amazon.com, Zalando, Groupon and Expedia. Its e-commerce platform allows consumers to shop at online stores and earn cash back with each purchase.

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