Current Report Filing (8-k)
July 26 2021 - 4:19PM
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): July 20, 2021
SYSOREX,
INC.
(Exact
name of registrant as specified in its charter)
|
Nevada
|
|
000-55924
|
|
68-0319458
|
(State or other jurisdiction
of incorporation)
|
|
(Commission File Number)
|
|
(I.R.S. Employer
Identification No.)
|
13880
Dulles Corner Lane
Suite 175
Herndon, Virginia
|
|
20171
|
|
(Address of principal executive
offices)
|
|
(Zip Code)
|
Registrant’s
telephone number, including area code: 800-929-3871
N/A
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the Registrant under any of
the following provisions:
|
☐
|
Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
|
☐
|
Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
|
☐
|
Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
|
☐
|
Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Securities
registered pursuant to Section 12(b) of the Act:
|
Title
of Each Class
|
|
Trading
Symbol
|
|
Name
of Each Exchange on Which Registered
|
|
N/A
|
|
N/A
|
|
N/A
|
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. ☐
|
|
Item 5.02
|
Departure
of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
|
Amendment
of 2018 Equity Incentive Plan
On
July 20, 2021, the board of directors (the “Board”) of Sysorex, Inc. (the “Company”) approved an amendment (the
“Plan Amendment”) of the Company’s 2018 Equity Incentive Plan (as so amended, the “Plan”) to increase the
number of shares of the Company’s common stock (“Common Stock”) reserved for issuance thereunder by 8,000,000 shares.
The Plan Amendment became effective immediately.
The
foregoing description of the Plan Amendment is qualified in its entirety by reference to the full text of the Amendment, which is filed
as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference into this Item 5.02.
Amendment
of Employment Agreement
As
previously disclosed in its Current Report on Form 8-K filed with the Securities and Exchange Commission on May 13, 2021, the Company
entered into an employment agreement (the “Employment Agreement”) with Wayne Wasserberg in connection with Mr. Wasserberg’s
services as the Chief Executive Officer of the Company and President, Treasurer, and Secretary of its wholly-owned subsidiary TTM Digital
Assets & Technologies, Inc. (“TTM”) on May 7, 2021.
On
July 26, 2021, the Company and Mr. Wasserberg entered into an amendment to the Employment Agreement effective as of July 20, 2021 (the
“Amendment”). The Amendment increases the total number of restricted shares of Common Stock issuable to Mr. Wasserberg pursuant
to the Agreement from 200,000 to 1,000,000 and provides that the entirety of the shares will be issued pursuant to the Plan in accordance
with the following vesting schedule: (i) 500,000 shares of Common Stock will be issued and vested as of July 20, 2021 and (ii) additional
500,000 shares of restricted Common Stock will be issued and vested on January 20, 2022, provided that such issuance and vesting will
occur only if Mr. Wasserberg remains an employee of the Company and TTM as of such date.
The
foregoing description of the Amendment is qualified in its entirety by reference to the Amendment, which is filed as Exhibit 10.2 to
this Current Report on Form 8-K and incorporated by reference into this Item 5.02.
|
|
Item 9.01
|
Financial
Statements and Exhibits.
|
(d)
Exhibits. The following exhibits are filed as part of this report.
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.
|
Date:
July 26, 2021
|
SYSOREX,
INC.
|
|
|
|
|
|
|
By:
|
/s/
Wayne Wasserberg
|
|
|
Name:
|
Wayne
Wasserberg
|
|
|
Title:
|
Chief
Executive Officer
|
2
Sysorex (CE) (USOTC:SYSX)
Historical Stock Chart
From Mar 2024 to Apr 2024
Sysorex (CE) (USOTC:SYSX)
Historical Stock Chart
From Apr 2023 to Apr 2024
