Current Report Filing (8-k)
March 27 2020 - 6:02AM
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
|
Creative Realities (NASDAQ:CREX)
Historical Stock Chart
From Mar 2024 to Apr 2024
Creative Realities (NASDAQ:CREX)
Historical Stock Chart
From Apr 2023 to Apr 2024