UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of
1934
Date of
Report (Date of earliest event reported): July 20,
2020
SharpSpring, Inc.
(Exact
name of registrant as specified in its charter)
Delaware
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001-36280
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05-0502529
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(State
or other jurisdiction ofIncorporation or Organization)
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(Commission
File Number)
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(I.R.S.
EmployerIdentification No.)
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5001 Celebration Pointe Avenue, Gainesville, FL
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32608
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code: 888-428-9605
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
[ ]
Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
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Trading
Symbol(s)
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Name of
each exchange on which registered
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Common
Stock, par value $0.001 per share
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SHSP
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NASDAQ
Stock Market
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Indicate
by check mark whether the registrant is an emerging growth company
as defined in in Rule 405 of the Securities Act of 1933
(§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this
chapter).
Emerging
growth company [ ]
If an
emerging growth company, indicate by checkmark if the registrant
has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act.
[ ]
Item 1.01
Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
On July
20, 2020, Michael Power, the Company’s current Chief
Financial Officer, will step down from his role as Chief Financial
Officer. Mr. Power is expected to remain with the Company for a
limited time in a non-executive role to with his transition of the
Chief Financial Officer position. Aaron Jackson, the
Company’s Corporate Controller will serve as the interim CFO
and will continue to operate in that capacity until a new CFO has
been appointed.
The
Company’s Board of Directors appointed Mr. Jackson to serve
as the Company’s interim Chief Financial Officer commencing
on July 20, 2020 to hold office until the earlier election and
qualification of his respective successor or until his earlier
resignation or removal. As the Company’s Chief Financial
Officer, Mr. Jackson will be responsible for overseeing the
Company’s financial reporting and all other finance functions
of the Company and all of the Company’s
subsidiaries.
There
are no arrangements or understandings between Mr. Jackson and any
other persons pursuant to which he was appointed the
Company’s Chief Financial Officer. There is no family
relationship between Mr. Jackson and any director, executive
officer, or person nominated or chosen by the Company to become a
director or executive officer of the Company. The Company has not
entered into any transactions with Mr. Jackson that would require
disclosure pursuant to Item 404(a) of Regulation S-K under the
Securities Exchange Act of 1934.
Mr.
Jackson has been with SharpSpring since 2017. Mr. Jackson holds an
active CPA license in the state of Indiana and obtained a Bachelor
of Science in Accounting and Master of Science in Accounting from
Purdue University.
Mr. Jackson will enter into a written employee
agreement with the Company whereby Mr. Jackson will receive as
compensation, among other things, a base salary of $170,000 per
year. Additionally, Mr. Jackson will be granted an option to
purchase up to 10,000 shares of the Company’s common stock
pursuant to the Company’s 2019 Restated Employee Stock
Plan. The options shall vest over a two year period, with 50%
vesting after one year and monthly vesting thereafter. A copy of
Mr. Jackson’s employee agreement is attached
as Exhibit
10.1 to this Form
8-K.
Exhibit No.
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Description
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Employee
Agreement – Aaron Jackson
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Press
Release dated July 21, 2020
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SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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SHARPSPRING,
INC.
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Date: July 20,
2020
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By:
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/s/ Aaron
Jackson
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Aaron
Jackson
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Chief
Financial Officer
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