Current Report Filing (8-k)
September 11 2018 - 4:17PM
Edgar (US Regulatory)
U.S.
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): September 11, 2018 (September 6, 2018)
AKERS
BIOSCIENCES, INC.
(Exact
name of registrant as specified in its charter)
New
Jersey
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001-36268
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22-2983783
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(State
or other jurisdiction of
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(Commission
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(I.R.S.
Employer
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incorporation
or organization)
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File
Number)
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Identification
Number)
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201
Grove Road
Thorofare,
New Jersey USA 08086
(Address
of principal executive offices, including zip code)
(856)
848-8698
(Registrant’s
telephone number, including area code)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Company under
any of the following provisions:
[ ]
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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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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).
Emerging
growth company [X]
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. [ ]
Item
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
of Certain Officers.
On
September 6, 2018, with the recommendation of the Nominating and Corporate Governance Committee (the “N&G Committee”)
of the Board of Directors (the “Board”) of Akers Biosciences, Inc. (the “Company”), the Board appointed
Mr. Joshua Silverman as a Director of the Company for a term that expires at the Company’s 2019 Annual Meeting of Stockholders,
or until his earlier death, disability, resignation or removal. The Board has yet to determine which Board committees, if any,
Mr. Silverman will serve on.
There
is no arrangement or understanding between Mr. Silverman and any other persons pursuant to which Mr. Silverman was selected as
a director, and there are no related party transactions involving Mr. Silverman that are reportable under Item 404(a) of Regulation
S-K. There are no material plans, contracts or arrangements to which Mr. Silverman is a party or in which he participates nor
has there been any material amendment to any plan, contract or arrangement by virtue of Mr. Silverman’s appointment.
The
following is certain biographical information regarding Mr. Silverman:
Mr.
Silverman currently serves as the Managing Member of Parkfield Funding LLC. Mr. Silverman was the co-founder, and a Principal
and Managing Partner of Iroquois Capital Management, LLC, an investment advisory firm. Since its inception in 2003 until July
2016, Mr. Silverman served as Co-Chief Investment Officer of Iroquois. While at Iroquois, he designed and executed complex transactions,
structuring and negotiating investments in both public and private companies and has often been called upon by the companies solve
inefficiencies as they relate to corporate structure, cash flow, and management. From 2000 to 2003, Mr. Silverman served as Co-Chief
Investment Officer of Vertical Ventures, LLC, a merchant bank. Prior to forming Iroquois, Mr. Silverman was a Director of Joele
Frank, a boutique consulting firm specializing in mergers and acquisitions. Previously, Mr. Silverman served as Assistant Press
Secretary to The President of the United States. Mr. Silverman currently serves as a director of DropCar, Inc., Protagenic Therapeutics,
Neurotrope, Inc., and TapImmune Inc., all of which are public companies. He previously served as a Director of National Holdings
Corporation from July 2014 through August 2016. Mr. Silverman received his B.A. from Lehigh University in 1992.
SIGNATURE
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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AKERS
BIOSCIENCES, INC.
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Date:
September 11, 2018
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By:
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/s/
John J. Gormally
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John
J. Gormally
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Chief
Executive Officer
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