SITO MOBILE, LTD. (NASDAQ:SITO) 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 16, 2018, SITO Mobile, Ltd. (the “Company”) announced that Karen Seminara Patton, Brent Rosenthal and Itzhak Fisher resigned from the Company’s Board of Directors (the “Board”) on July 14, 2018. The remaining members of the Board unanimously appointed Steven Felsher, Jonathan Bond and Bonin Bough as directors of the Company to fill the vacancies created by such resignations, effective immediately. Mr. Felsher will join the Audit Committee and the Governance and Nominating Committee, Mr. Bond will also join the Audit Committee of the Board, and Mr. Bough will join the Governance and Nominating Committee and the Compensation Committee of the Board.
Mr. Felsher, Mr. Bond and Mr. Bough will serve on the Board until the Company’s 2018 annual meeting of the shareholders, or until his successor has been elected and qualified.
Mr. Felsher, Mr. Bond and Mr. Bough will be compensated in accordance with the Company’s standard compensation policies and practices for its non-employee directors (pro-rated based on their start dates), which are described in the Company’s proxy statement relating to its 2017 special meeting of shareholders.
|Item 7.01||Regulation FD Disclosure.|
On July 16, 2018, the Company issued a press release regarding a director appointment and director resignations. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
The information in this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section and shall not be deemed incorporated by reference into any registration statement or other document filed to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
|Item 9.01||Financial Statements and Exhibits.|
SITO MOBILE, LTD. ExhibitEX-99.1 2 tv498590_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 SITO Mobile Announces the Appointment of Steven Felsher,…To view the full exhibit click
About SITO MOBILE, LTD. (NASDAQ:SITO)
SITO Mobile, Ltd. operates a mobile location-based advertising platform serving businesses, advertisers and brands. The Company’s offerings include SITO Location-Based Advertising and SITO Mobile Messaging. SITO Location-Based Advertising delivers display advertisements and videos on behalf of advertisers, including various features, such as Geo-fencing, Verified walk-in, Behavioral Targeting, and Analytics and Optimization. Geo-fencing targets customers within a certain radius of location and uses technology to push coupons, advertisements and promotions to mobile applications. Verified Walk-in tracks foot-traffic to locations and which advertisements drive action. Behavioral Targeting tracks past behaviors over 30 to 90 day increments allowing for real-time campaign management. Analytics and Optimization is a culling and building measurement system. SITO Mobile Messaging is a platform for building and controlling programs, including messaging and customer incentive programs.