SharpSpring, Inc. (NASDAQ:SHSP) 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 July 28, 2017 the board of directors (“Board”) of SharpSpring, Inc. (the “Company”) took the following actions:
The Company accepted Semyon Dukach’s resignation as the Company’s Chair of the Board of Directors and as a member of the Board and elected Steven Huey as the Company’s new Chair of the Board of Directors. Mr. Huey has served as a Company director since December 2016. The Chair of the Board of Directors is a non-executive position.
The Company entered into employee agreement amendments with each of Edward S. Lawton, the Company’s Chief Financial Officer and Travis Whitton, the Company’s Chief Technology Officer. The employee agreement amendments provide Messrs. Lawton and Whitton with six months of severance pay if their employment is terminated by the Company without cause (as defined) or if they leave the Company for good reason (as defined). This description of their employee agreement amendments is not complete, and is qualified in its entirety by reference to the employee agreement amendments attached hereto as Exhibit 10.1 and Exhibit 10.2, which are incorporated by reference herein.
Additionally, the Board reorganized the composition of the Company’s Audit Committee, Compensation Committee, and Nominating/Corporate Governance Committee. These Committees are now comprised of the following Board members, all of whom are independent:
|Audit Committee||Compensation Committee||Nominating/Corporate Governance Committee|
|David A. Buckel*||Marietta Davis*||John L. Troost*|
|Roy W. Oliver||David A. Buckel||Marietta Davis|
|John L. Troost||Steven A. Huey||Roy W. Oliver|
Item 8.01 Other Events.
On July 31, 2017, the Company issued a press release announcing the election of Steven Huey as the Company’s new Chair of the Board of Directors. A copy of the press release is attached as Exhibit 99.1 to this report and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
|10.1||Employee Agreement Amendment – Edward S. Lawton.|
|10.2||Employee Agreement Amendment – Travis Whitton.|
Press release dated December July 31, 2017.
SharpSpring, Inc. ExhibitEX-10.1 2 ex10-1.htm EXHIBIT 10.1 EMPLOYEE AGREEMENT AMENDMENT THIS AGREEMENT (the “Agreement”) is made and entered into on July 28,…To view the full exhibit click
About SharpSpring, Inc. (NASDAQ:SHSP)
SharpSpring, Inc., formerly SMTP, Inc., is a cloud-based marketing technology company. The Company’s SharpSpring marketing automation platform uses features, such as Web tracking, lead scoring and automated workflow to enable businesses deliver messages to the customers. The SharpSpring marketing automation solution offers digital marketing tools to small and medium-sized businesses and is primarily sold to marketing agencies using the platform on behalf of their clients. The Company offers a SMTP relay product, which is designed to send high volumes of e-mail messages. The Company offers the GraphicMail e-mail campaign management solution to customers globally. The GraphicMail platform is focused on e-mail, social and mobile marketing and is used by companies wishing to communicate with a list of subscribers or customers. The Company’s platform is used by agencies, agency clients and direct end users.