SITO MOBILE, LTD. (NASDAQ:SITO) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01.
| Entry into a Material Definitive Agreement. |
On March 27, 2017, the Board of Directors (the Board) of
SITO Mobile, Ltd., a Delaware Corporation (the
Corporation), approved a form of directors and officers
indemnification agreement (the DO Indemnification
Agreement). The DO Indemnification Agreement indemnifies
directors and officers who are parties thereto with
indemnification rights arising out of, or relating to, their
service as directors and officers of the Corporation or where
they serve at the request of the Corporation as an officer,
director, representative or other agent at another entity. The DO
Indemnification Agreement also provides for the directors and
officers who are parties thereto with certain rights to
advancement of expenses incurred in defending a proceeding in
advance of the disposition of any proceeding for which
indemnification rights may be available to the DO Indemnification
Agreement. Further, the DO Indemnification Agreement provides for
a process for the Board to determine whether an indemnified
person is entitled to indemnification in a particular case. The
foregoing description of the form of DO Indemnification Agreement
does not purport to be complete and is qualified in its entirety
by reference to the complete text of the form of DO
Indemnification Agreement, a copy of which is attached to this
Current Report on Form 8-K as Exhibit 10.1 and incorporated by
reference herein in this Item 1.01 in its entirety.
| Item 5.02. |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
The information included in Item 1.01 of this Current Report on
Form 8-K relating to the Corporations form of DO Indemnification
Agreement is incorporated by reference in this Item 5.02.
| Item9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| ExhibitNo. | Exhibit Title | |
| 10.1 | Form of Directors and Officers Indemnification Agreement |
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. SITO MOBILE, LTD. (NASDAQ:SITO) Recent Trading Information
SITO MOBILE, LTD. (NASDAQ:SITO) closed its last trading session down -0.13 at 2.67 with 191,071 shares trading hands.
