Current Report Filing (8-k)
April 08 2020 - 4:47PM
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): April 8, 2020 (April 3, 2020)
DIGITAL
ALLY, INC.
(Exact
Name of Registrant as Specified in Charter)
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Nevada
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001-33899
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20-0064269
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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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9705
Loiret Blvd., Lenexa, KS 66219
(Address
of Principal Executive Offices) (Zip Code)
(913)
814-7774
(Registrant’s
telephone number, including area code)
Securities
registered pursuant to Section 12(b) of the Act:
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Title
of each class
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Trading
Symbol(s)
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Name
of exchange on which registered
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Common
stock, $0.001 par value
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DGLY
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The
Nasdaq Capital Market, LLC
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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:
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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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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 [ ]
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 1.01
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Entry into a Material Definitive Agreement.
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As
announced in a press release on April 6, 2020, effective April 3, 2020, Digital Ally, Inc. (the “Company”) entered
into a Wholesale Distribution Agreement (the “Agreement”) with Trust Think, LLC, which is a Division of Think, LLC
(“Trust Think”). The press release is attached hereto as Exhibit 99.1. Pursuant to the terms of the Agreement, the
Company has been engaged to service, promote, and sell certain Danolyte® disinfecting products, which are manufactured
and distributed by Trust Think (the “Products”), to certain first responder and commercial customers with whom it
has relationships. The Company will receive a percentage of the sales sold through its distribution channels.
The
Agreement has an initial term beginning on April 3, 2020 and ending one (1) year thereafter. Thereafter, the Agreement renews
automatically for successive additional terms of one (1) year each unless the Company or Think Tank provides written notice of
non-renewal at least thirty (30) days prior to the expiration of the then current term. Either party may terminate the Agreement
at any time, effective immediately upon written notice if it has good cause for termination as defined in the Agreement. The foregoing
summary of the Agreement, does not purport to be complete and is qualified in its entirety by reference to the full text of the
Agreement.
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Item
9.01
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Financial
Statements and Exhibits.
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(d)
Exhibits.
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:
April 8, 2020
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Digital
Ally, Inc.
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By:
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/s/
Stanton E. Ross
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Name:
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Stanton
E. Ross
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Title:
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Chairman,
President and Chief Executive Officer
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