Current Report Filing (8-k)
March 27 2020 - 06:02AM
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): March 20,
2020
CREATIVE REALITIES, INC.
(Exact name of registrant as specified in its charter)
Minnesota |
|
001-33169 |
|
41-1967918 |
(State
or other jurisdiction of incorporation) |
|
(Commission
File Number) |
|
(IRS Employer
Identification No.)
|
|
|
|
|
|
13100
Magisterial Drive, Suite 100, Louisville, KY |
|
40223 |
(Address
of principal executive offices) |
|
(Zip
Code) |
(502) 791-8800
(Registrant's telephone number, including area code)
Not applicable
(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:
|
o |
Written
communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425) |
|
o |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12) |
|
o |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b)) |
|
o |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c)) |
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 o
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. o
Securities registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common
Stock, par value $0.001 per share |
|
CREX |
|
The
Nasdaq Stock Market LLC |
Warrants
to purchase Common Stock |
|
CREXW |
|
The
Nasdaq Stock Market LLC |
|
Item 5.02. |
Departure of Directors or
Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers. |
Recently, state and local authorities in the United States and
worldwide have forced many businesses to temporarily reduce or
cease operations to slow the spread of the coronavirus pandemic. As
Creative Realties, Inc. (the “Company”) continues to monitor the
effects of the pandemic on its business, it has implemented
cost-control measures, including employment compensation reductions
designed to achieve preliminary cost savings in light of the
significant economic uncertainty caused by the pandemic. On March
19, 2020, the Company’s Board of Directors (the “Board”) approved a
six-month reduction of the salaries of our Chief Executive Officer
and Chief Financial Officer by twenty percent (20%), thereby
reducing the salaries payable to such officers in 2020 to $297,000
and $224,100, respectively.
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.
|
Creative Realities, Inc. |
|
(Registrant) |
|
|
Date:
March 26, 2020 |
By: |
/s/
Will Logan |
|
|
Will Logan
Chief Financial Officer |
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