Current Report Filing (8-k)
December 21 2016 - 01:17PM
Edgar (US Regulatory)
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): December 15, 2016
PROPELL TECHNOLOGIES GROUP, INC.
(Exact name of registrant as specified in
its charter)
Delaware
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000-53488
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26-1856569
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(State or Other Jurisdiction
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(Commission
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(I.R.S. Employer
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of Incorporation)
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File Number)
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Identification No.)
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10655 Bammel North Houston Houston, Texas
77086
(Address of Principal Executive Office) (Zip Code)
832) 328-0169
(Registrant’s
telephone number, including area code)
N/A
(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:
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☐
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 5.02 Departure of Directors or
Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective December 15, 2016, David Ramsey
was terminated, without cause, as the Company’s Chief Operating Officer (COO). The termination was effected strictly as a
cost-cutting measure and the Company had no issues with Mr. Ramsey’s performance as COO. He will receive one month’s
salary as severance.
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.
Date: December 21, 2016
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PROPELL TECHNOLOGIES GROUP, INC.
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By:
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/s/ C. Brian Boutte
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Name:
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C. Brian Boutte
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Title:
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Chief Executive Officer
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