QUEST SOLUTION, INC. (OTCMKTS:QUES) 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 March 08, 2018, the Company adopted an Equity Incentive Plan (the “Plan”), attached hereto as Exhibit 10.1, as an incentive, to retain in the employ of and as directors, officers, consultants, advisors and employees to the Company. Ten million (10,000,000) shares of the Corporation’s common stock, par value $0.001 (the “Shares”), was set aside and reserved for issuance to the Plan.
On March 08, 2018 and to the Plan, the Company granted a grand total of 1,700,000 Shares, as well as options to purchase up to 7,000,000 Shares (the “Options”) with an exercise price equal to the closing price of the Company’s common stock on Wednesday, March 07, 2018, $0.12 per share. A total of 1,000,000 Shares and 3,200,000 Options were issued to the Company’s Board of Directors as follows:
| ● | Shai Lustgarten (Chairman of the Board) received 1,000,000 Shares and 2,000,000 Options; |
| ● | Andrew J. Macmillan received 400,000 Options; |
| ● | Yaron Shalem received 400,000 Options; and |
| ● | Niv Nissenson received 400,000 Options. |
On March 08, 2018 and to the Plan, the Company granted 500,000 Shares to its Chief Financial Officer Benjamin Kemper.
On March 08, 2018, the Company issued 500,000 shares of the Company’s common stock, par value $0.001, and 1,000,000 options to purchase shares of the Company’s common stock, par value $0.001, with an exercise price equal to the closing price of the Company’s common stock on Wednesday, March 07, 2018, to Mr. Carlos J Nissensohn, who is the father of Niv Nissensohn, a director of the Company, to a consulting agreement (the “Consulting Agreement”) dated August 02, 2017 which was previously filed with the SEC on the Company’s Form 8-K dated August, 04, 2017 and is hereby incorporated by reference.
Item 8.01 Other Events
On March 12, 2018, the Company issued a press release announcing the reduction of the Company’s debt and certain improved operating metrics, which press release is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K and hereby incorporated by reference.
Item 9.01 Financial statements and Exhibits
Quest Solution, Inc. ExhibitEX-10.1 2 ex10-1.htm QUEST SOLUTION INC. 2018 EQUITY INCENTIVE PLAN 1. Purpose of the Plan. This 2018 Equity Incentive Plan (the “Plan”) is intended as an incentive,…To view the full exhibit click here
About QUEST SOLUTION, INC. (OTCMKTS:QUES)
Quest Solution, Inc., formerly Amerigo Energy, Inc., is a national mobility systems integrator. The Company focuses on the design, delivery, deployment and support of integrated mobile solutions. It offers end-to-end solutions, which include hardware, software, communications and lifecycle management services. It offers a suite of configurable packaged software solutions, which include Order Entry, DSD and Route, Intelligent Order Entry, ITrack, Warehouse, Proof of Delivery, WTMiP and Easy Order. In addition, it guides companies through the development and deployment process, from selecting technology to the company-wide rollout of a customized solution that fits a company’s requirements. It performs a technical evaluation of the client’s operations and specific operational problems, and then determines the optimal hardware and software solutions. It delivers ongoing services provided throughout the deployment process and product life cycle. It also delivers installation services.