Current Report Filing (8-k)
January 16 2018 - 5:31PM
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
January
16, 2018 (January 9, 2018)
Date
of Report (Date of earliest event reported)
MassRoots,
Inc.
(Exact
name of registrant as specified in its charter)
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Delaware
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000-55431
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46-2612944
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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1624
Market Street, Suite 201, Denver, CO
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80202
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(Address
of principal
executive
offices)
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(Zip
Code)
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(833)
467-6687
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(Registrant’s
telephone number, including area code)
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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 (see General Instruction A.2. below):
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[
] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[
] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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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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[
] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate
by check mark whether the registrant is an emerging growth company as defined 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).
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[X]
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Emerging
growth company
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If
an emerging growth company, indicate by check mark 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. [
]
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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
January 9, 2018, Steve Osborn resigned as Chief Technology Officer of MassRoots, Inc. (the “Company”). Mr. Osborn’s
resignation was not the result from any disagreement with the Company, any matter related to the Company’s operations, policies
or practices, the Company’s management or the Board.
Effective
January 10, 2018, the Board appointed Jesus Quintero as Chief Financial Officer of the Company to replace Isaac Dietrich who was
serving as Interim Chief Financial Officer of the Company. On January 10, 2018, the Company entered into a CFO Services Agreement
(the “Agreement”) with Jesus Quintero pursuant to which Mr. Quintero will serve as Chief Financial Officer of the
Company for a term of one year (the “Initial Term”), which term shall be automatically renewed for successive one
year periods thereafter unless Mr. Quintero provides the Company with written notice of his intention not to renew the Agreement
at least 90 days prior to the expiration of the Initial Term. The Agreement may be terminated by either party upon 90 days
prior written notice to the other party. Pursuant to the terms of the Agreement, Mr. Quintero shall receive a fee of $4,000 per
month and will receive a onetime issuance of 250,000 shares of the Company’s common stock, all of which vest as of January
10, 2018.
Set
forth below is the biographical information of Mr. Quintero as required by Item 401 of Regulation S-K.
From
January 2017 through December 2017 Jesus Quintero served as a financial consultant to several domestic and international companies
including, but not limited to, Premier Radiology Services, ATR Wireless Inc. and GAM Distribution Corporation. From May 2014 until
December 2016 Mr. Quintero served as Chief Financial Officer of the Company, and from January 2013 until October 2014, he served
as Chief Financial Officer of Brazil Interactive Media.
Mr.
Quintero has held senior finance positions with Avnet Inc., Latin Node, Inc., Globetel Communications Corp and Telefonica of Spain
and has extensive experience in public company reporting and SEC compliance matters. His prior
experience
also includes tenure with PricewaterhouseCoopers and Deloitte & Touch. Mr. Quintero received a B.S. in Accounting from St.
John’s University and is a Certified Public Accountant in the State of New York .
Item
7.01 Regulation FD Disclosure
The
Company has made available a presentation about the Company’s business, a copy of which is filed as Exhibit 99.1 to this
Current Report on Form 8-K (the “Report”) and is hereby incorporated by reference.
The
information contained in the presentation is summary information that should be considered in the context of the Company’s
filings with the Securities and Exchange Commission and other public announcements the Company may make by press release or otherwise
from time to time. The presentation speaks as of the date of this Report. While the Company may elect to update the presentation
in the future to reflect events and circumstances occurring or existing after the date of this Report, the Company specifically
disclaims any obligation to do so.
The
presentation contains forward-looking statements, and as a result, investors should not place undue reliance on these forward-looking
statements.
The
information set forth in this Report, including without limitation the presentation, is not deemed “filed” for purposes
of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference
in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific
reference in such a filing.
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Item
9.01
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Financial
Statements and Exhibits.
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(d)
Exhibits
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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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MassRoots, Inc.
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Date: January 16, 2018
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By:
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/s/ Isaac Dietrich
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Isaac Dietrich
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Chief Executive
Officer
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