UBIQUITY, INC. (OTCMKTS:UBIQ) 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.
On April 20, 2017, the Board of Directors (the
Board) of Ubiquity, Inc. (the
Company) voted to appoint Robert B. Fernander to
fill a vacancy on the Companys Board. The Company entered into a
Board of Directors Retention Agreement (the Retention
Agreement) with Mr. Fernander, to which the Company
agreed to grant 250,000 shares of the Companys Common Stock for
the first year of service under the Retention Agreement, and an
additional 250,000 shares of the Companys Common Stock for each
year of service as a director thereafter.
Mr. Fernander has not been appointed to any committees of the
Board at this time; however, the Company expects that he will be
appointed to one or more Board committees in the future. There
are no arrangements or understandings between Mr. Fernander and
any other persons to which Mr. Fernander was appointed a director
of the Company.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
| Exhibit No. | Description of Exhibit | |
| 10.1 | Board of Director Retention Agreement, dated April 20, 2017. |
About UBIQUITY, INC. (OTCMKTS:UBIQ)
Ubiquity, Inc. is focused on providing a platform, which enables anyone to connect to Internet-based content on any type of device. The Company’s signature product is the Sprocket. The Sprocket can be downloaded onto any type of device (such as mobile phone, tablet, laptop) and then customized to provide the user with access to all Web-based content, social media outlets, video-based content, private networks, social networks, personalized files, intelligent search, and virtually all other media. The Sprocket also provides detailed analytics and data on the end users, delivering value as a marketing tool to the content providers and advertisers. The Company has various products that function on the Sprocket platform, such as GiftSender (a mobile wallet); Monkeybars (a social mobility distribution platform), and its video search engine. The Company also has video intelligence software, which it proposes to sell to government customers. UBIQUITY, INC. (OTCMKTS:UBIQ) Recent Trading Information
UBIQUITY, INC. (OTCMKTS:UBIQ) closed its last trading session 00.0000 at 0.0700 with shares trading hands.
