Azio Ai Holdings, Inc 8-K, filed Sep 9, 2020
Azio Ai Holdings, Inc. (AZIO)
About this 8-K
Azio Ai Holdings, Inc filed this 8-K on September 9, 2020, reporting on events of September 2, 2020.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
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): September 2, 2020
adomani, Inc.
(Exact name of registrant as specified in its charter)
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Delaware |
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001-38078 |
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46-0774222 |
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(State or other jurisdiction |
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(Commission File Number) |
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(I.R.S. Employer |
4740 Green River Road, Suite 106
Corona, California 92880
(Address of principal executive offices) (Zip Code)
(951) 407-9860
(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 (see General Instruction A.2. below):
☐ 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:
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Title of each class |
Trading |
Name of each exchange on which registered |
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Common stock, $0.00001 par value |
ADOM |
OTC Markets Group Inc. |
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 Appointment of Certain Officers; Departure of Directors or Certain Officers.
On September 2, 2020, the board of directors of ADOMANI, Inc. (the “Company”) appointed Phillip W. Oldridge, age 59, to the position of Chief Executive Officer of the Company, effective September 2, 2020 (the “Effective Date”).
In connection with the appointment of Mr. Oldridge, James L. Reynolds, relinquished the position of Chief Executive Officer of the Company as of the Effective Date, and will continue to serve as its President and Chairman of the Board of Directors.
Mr. Oldridge has over 30 years of experience in the transportation sector, the majority of which was in the private motor coach industry both as an operator and manufacturer. Before joining the Company, Mr. Oldridge was the founder and the Chief Executive Officer of GreenPower Motor Company, Inc., a publicly traded designer and manufacturer of passenger transit and shuttle buses, from November 2011 until June 2019, where he also served as a member of the board of directors from December, 2012 until June 2019. From November 2006 until January 2010, Mr. Oldridge served as the Chief Executive Officer of Bus and Coach International, a manufacturer of busses and coaches. Before that, Mr. Oldridge was the Chief Executive Officer of Nevada Charter Inc., a bus and coach charter company, from October 1994 until December 2001. Mr. Oldridge holds an M.B.A. from Richmond, the American University in London, and also received a Bachelor of Science degree from the same school in 1994.
There are no arrangements or understandings between Mr. Oldridge and any other persons pursuant to which he was selected as an officer of the Company. There are also no family relationships between Mr. Oldridge and any director or executive officer of the Company, and he has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Item 8.01 Other Events.
On September 2, 2020, the Company issued a press release announcing Mr. Oldridge’s appointment. A copy of the press release is furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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Exhibit Number |
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Description |
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99.1 |
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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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ADOMANI, Inc. |
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Dated: September 9, 2020 |
By: |
/s/ Michael K. Menerey |
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Michael K. Menerey |
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Chief Financial Officer |
Exhibit 99.1
ADOMANI® Hires Veteran EV Industry Leader Phillip Oldridge as CEO
Corona, CA / ACCESSWIRE/ SEPTEMBER 2, 2020 / ADOMANI, Inc. (OTCQB: ADOM) a provider of new zero-emission, purpose-built electric vehicles and drivetrain solutions, is pleased to announce that it has hired Phillip (Phil) Oldridge, founder and former CEO of GreenPower Motor Company, Inc. to be its CEO.
Mr. Oldridge is a senior executive with over 30 years of proven experience leading teams and delivering business results. His passion for electric transportation and his entrepreneurial approach, combined with strategic thinking, has led to new products that the marketplace has been waiting for, and we believe that passion and experience will propel ADOMANI forward.
Throughout Phillip's career, his impact in operations, design and manufacturing in the transportation industry has been recognized in North America as well as internationally. ADOMANI firmly believes that his leadership, expertise, contacts and loyal following in the EV industry is just what is needed to expand ADOMANI’s vehicle offerings at this time of growth and innovation.
“This is an exciting development for ADOMANI. Phil’s extensive background in the EV industry and his extensive manufacturing, design and homologation experience will prove very valuable to ADOMANI as we continue to develop, improve and expand our cutting-edge, technologically-advanced zero-emission all-electric products in service, while benefiting our stockholders as well” said Jim Reynolds, President of ADOMANI. “In addition, Mr. Oldridge has been successfully conveying a vision for the future that inspires others and builds commitment to navigate through complex information and achieve positive results. Phillip is a collaborator who believes in building teams that reward and recognize innovative ideas.
Phil Oldridge commented, “The EV industry is coming out of the shadow of fossil fuel vehicle builders. When you count the car manufacturers led by Tesla and the increasing number of light, medium and heavy duty truck manufacturers talking about the future and the need for it to have a large presence represented by electric vehicles, I believe everyone can see the future and it is electric vehicles.” Mr. Oldridge added, “I am passionate about EVs, and there are a number of new vehicles I have been thinking about, which when added to ADOMANI’s line of purpose-built and ready to deliver all-electric vans and trucks, can expand the current product offerings of ADOMANI’s portfolio of EVs. We expect to have one of the most if not the most compete lineup of electric vehicles, including logistic vans, school buses, passenger shuttle buses and vans, trucks and port vehicles, available anywhere.”
About ADOMANI®
ADOMANI, Inc. is a provider of new zero-emission electric vehicles and is a provider of zero-emission electric drivetrain systems for integration in medium to heavy-duty commercial fleet vehicles, as well as re-power conversion kits for the replacement of drivetrain systems in combustion-powered vehicles. ADOMANI’s zero-emission electric vehicles are focused on reducing the total cost of vehicle ownership and help fleet operators unlock the benefits of green technology and address the challenges of traditional fuel price cost instability and local, state and federal environmental regulatory compliance. For more information visit www.ADOMANIelectric.com
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Cautionary Statement Regarding Forward-Looking Statements
Statements made in this press release that relate to future plans, events, financial results, prospects or performance are forward-looking statements. While they are based on the current expectations and beliefs of management, such forward-looking statements are subject to a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from the expectations expressed in this press release, including the risks and uncertainties disclosed in reports filed by ADOMANI with the Securities and Exchange Commission, all of which are available online at www.sec.gov. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words “planned,” “expects,” “believes,” “strategy,” “opportunity,” “anticipates,” “outlook,” “designed” and similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Except as required by law, ADOMANI undertakes no obligation to update or revise any forward-looking statements to reflect new information, changed circumstances or unanticipated events.
Investor Relations Contacts:
ADOMANI, Inc.
Kevin Kanning, VP Investor Relations
Telephone: (650) 533-7629
Email: kevin.k@ADOMANIelectric.com
Michael K. Menerey, Chief Financial Officer
Telephone: (951) 407-9860 ext. 205
Email: mike.m@ADOMANIelectric.com
SOURCE: ADOMANI, Inc.
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