QUANTUM MATERIALS CORP. (OTCMKTS:QTMM) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
On May 17, 2018, the Board of Directors elected Robert Phillips as its new Chief Financial Officer. Since January 2018, Mr. Phillips has been working as a controller for the Company to a one-year consulting agreement which called for a monthly fee of $9,167. Of the $9,167, $2,500 per month is being accrued until a funding event of at least $2 million. The remaining $6,667 is being paid through the issuance of the Company’s common stock based upon a 20% discount to market. Mr. Phillips has the right to convert his accrued fees into common stock at the same discount to market.
Mr. Phillips has extensive experience in accounting, finance, Security and Exchange Commission (“SEC”) financial reporting, Sarbanes Oxley compliance (“SOX”) and strategic planning in diverse industries including software, hardware manufacturing, medical technology and global communication services.
Less than two years after completing his MBA at Texas A&M, he became CFO of a publicly traded company going through a difficult turnaround. A few years later he again became CFO and Chief Strategy Officer at publicly traded SecureCare Technologies, a medical technology spin-out and negotiated private equity investments. His early CFO experience has led me to positions and consulting engagements ranging from CFO of iStream Technologies, a startup business process management company specializing in regulatory compliance, to world-class Apple where he was a managing consultant of a high transaction volume stock operations team and managed accounting and related Form 10-Q and Form 10-K financial equity disclosure and technical accounting assessments as well as transitioned the departments operational site from Cupertino to Austin. He was also VP of Venture Development at a venture backed e-commerce startup incubator in Austin, Texas.
He has served as Controller of Rocket Gaming Systems as well as Financial Reporting and Planning Director at Multimedia Games and at Rignet during an IPO. As financial consultant at Bridgepoint Consulting Group, he has held CFO services, Interim Controller and SEC Financial Reporting positions at Phunware, Crossroads Systems, ActivePower, Harden Healthcare, ArthroCare, Boardbooks.com, Rainmaker Technologies and Fallbrook Technologies. Also, financial consulting and CFO services engagements at multinational companies including BMC Software, Natco Group, Respironics and FIC Group.
E.J. Schloss, the former Chief Accounting Officer will remain with the Company as Controller.
Item 9.01. Financial Statements and Exhibits.
QUANTUM MATERIALS CORP. Exhibit…To view the full exhibit click here
About QUANTUM MATERIALS CORP. (OTCMKTS:QTMM)
Quantum Materials Corp. is a nanotechnology company. The Company specializes in the design, development, production and supply of nanomaterials, including quantum dots (QDs), tetrapod quantum dots (TQDs) and other nanoparticles. Its nanomaterials are used for a range of applications in televisions, displays and other optoelectronics, photovoltaics, solid state lighting, life sciences, security ink, battery and sensor sectors of the market. QDs are semiconductor nanoparticles between 2 and 10 nanometers (a billionth of a meter) in diameter. QDs emit light (fluorescence) or electrons when excited with energy, such as light or electricity. A high performance variant of QDs is TQDs. TQDs have a molecular configuration consisting of a center portion and four arms extending from the center that are equally spaced in three dimensions. The Company’s subsidiary, Solterra Renewable Technologies, Inc., is focused on the photovoltaic (solar cell) market.
