SOCIAL REALITY, INC. (NASDAQ:SRAX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective September 7, 2017 the board of directors of Social Reality, Inc. appointed Ms. Colleen DiClaudio to the board of directors to fill a vacancy on the board created by a resolution of the board of directors effective September 7, 2017 to increase the size of the company’s board to nine members, as provide under the company’s bylaws. Biographical information for Ms. Colleen DiClaudio is as follows:

Ms. Colleen DiClaudio. Ms. DiClaudio, age 39, currently serves as president of 340B Software Solutions, a healthcare technology company she co-founded in August 2014. From June 2009 through August 2014 she served as vice president of business development of Complete Care Health Network, located in New Jersey. Ms. DiClaudio has received a Master's Degree of Public Health from the- University of Medicine and Dentistry of New Jersey and a Bachelor's Degree in Public Health from Stockton University.

Consistent with our compensation policy for non-executive directors, upon her appointment to the board Ms. DiClaudio was awarded a restricted stock grant under our 2016 Equity Compensation Plan of 7,813 shares of our Class A common stock valued at $10,000 as partial consideration for her services as an independent director during 2017. She will also receive a $10,000 annual retainer, payable quarterly, and a per meeting fee of $2,000. There was no arrangement or understanding between Ms. DiClaudio and any other person to which she was appointed to our board.

About SOCIAL REALITY, INC. (NASDAQ:SRAX)

Social Reality, Inc. is an Internet advertising and platform technology company. The Company provides tools to automate the digital advertising market. It is engaged in the sales of digital media advertising campaigns to advertising agencies and brands; sales of media inventory through real-time bidding (RTB) exchanges; sale and licensing of its SRAX Social platform and related media, and creation of custom platforms for buying media on SRAX for various brands. Its technology assists publishers in delivering their media inventory to the RTB exchanges. It provides the SRAX platform to brands and their advertising agencies. SRAX Social is a social media and loyalty platform that allows brands to launch and manage their social media initiatives. SRAX MD is an advertisement targeting and data platform for healthcare brands and medical content publishers. SRAX APP is a platform that allows publishers and content owners to launch native mobile applications through its SRAX platform.