Spindle, Inc. (OTCMKTS:SPDL) 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.
(a) Resignation ofDirector
On June 6, 2017, Glenn Bancroft resigned as a member of Spindle,
Inc.s (the Company) Board of Directors (the Board) for personal
reasons. Mr. Bancrofts resignation was not due to any dispute
with the Company, and Mr. Bancroft has agreed to a one-year
lockup for all of the shares he beneficially owns.
Item 9.01
Financial Statements and Exhibits.
| Exhibit No. | Description | |
| 10.1 | Resignation letter tendered by Glenn Bancroft |
About Spindle, Inc. (OTCMKTS:SPDL)
Spindle Inc. (SPDL) provides commerce solutions for payment processing services, point-of-sale systems, and customer marketing to small and medium sized businesses. The Company enables businesses to sell their goods and services, accept payment, and create repeat sales though payment processing and marketing and loyalty programs. It operates as a payment facilitator (PF), which offers instant boarding to its merchants, and the Company has added traditional merchant services to its offering. The Company’s Yowza!! branded point-of-sale (POS) platform supplies business with a full commerce solution, which provides critical business functions, online ordering, inventory management and menu management, online ordering, mobile payment acceptance and Eurocard-MasterCard-Visa (EMV) compliance. It operates a self-service PF platform. As a PF, it provides services to merchants under a process defined by the card associations as Aggregation or Master Merchant.