Resignation ofDaniel Allen
On May 9, 2019, to that certain Note Conversion Agreement,attached as Exhibit 10.1 hereto, Daniel Allen submitted to SharpSpring, Inc.’s (the “Company”) Board of Directors (the “Board”) an undated letter of resignation to be accepted by the Board at any such time as it may determine in its sole discretion and to be effective immediately upon such acceptance. On August 16, 2019, the Board accepted Mr. Allen’s resignation. Mr. Allen’s resignation is not a result of any disagreement between himself and the Company, its management, the Board or any committee of the Board.
Appointment ofScott Stewart Miller Jr.
On August 16, 2019, the Board elected Scott Stewart Miller Jr. to serve as a member of the Board. Mr. Miller’s initial term as a member of the Board will continue until the Company’s 2020 annual stockholder’s meeting or until his successor isduly appointed.
Mr. Miller, age 48, serves as the Managing Member MVM Funds, an Investment Management firm that manages Greenhaven Road Capital Fund 1, Greenhaven Road Capital Fund 2, and Greenhaven Road Capital Offshore LP. He has held that position since 2011. Mr. Miller received a Bachelor of Arts degree from the University of Pennsylvania and an MBA degree from Stanford University.Mr. Miller has been named to serve on the Board’s Compensation Committee and Nominating/Corporate Governance Committee committees of the Board.Mr. Miller will receive compensation commensurate with other non-employee directors of the Company, which currently includes an option grant of 16,000 options, vesting over four years, with 25% vesting on the first anniversary of the grant date and an additional 1/48 of the original number of options vesting each month and a quarterly stipend of $11,250, with $7,500 and $3,750 payable in Company stock issued in arrears and cash, respectively.
Press Release
OnAugust 20, 2019, the Company issued a press release announcing the election ofScott Stewart Miller Jr. as a member of the Board and the resignation ofDaniel Allen from the Board. A copy of the press release is attached asExhibit 99.1to this report and incorporated herein by reference.
Item 9.01
Financial Statements and Exhibits
(d) Exhibits.
SharpSpring, Inc. ExhibitEX-99.1 2 shsp_ex991.htm PRESS RELEASE Blueprint Exhibit 99.1 SharpSpring Appoints Scott Miller to Board of Directors GAINESVILLE,…
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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.
