KULR Technology Group, Inc 8-K, filed Mar 8, 2021
KULR Technology Group, Inc. (KULR)
About this 8-K
KULR Technology Group, Inc filed this 8-K on March 8, 2021.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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 8, 2021
| KULR TECHNOLOGY GROUP, INC. |
| (Exact name of registrant as specified in its charter) |
| Delaware | 000-55564 | 81-1004273 | ||
| (State of incorporation or organization) |
(Commission File Number) |
(IRS Employer Identification No.) |
1999 S. Bascom Ave. Suite 700. Campbell, CA 95008
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code (408) 663-5247
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:
| Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered | ||
| None |
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. |
On March 8, 2021, KULR Technology Group, Inc., a Delaware corporation (the “Company”), announced the appointment by the Company’s Board of Directors (the “Board”) of Keith Cochran as President and Chief Operating Officer (“COO”) of the Company, to hold office until the earlier of the expiration of the term of office, a successor is duly elected and qualified, or the earlier of such officer’s death, resignation, disqualification, or removal.
Mr. Cochran, 55, has significant experience in mass scale manufacturing and operations. Prior to joining the Company, first as a consultant in January 2021 and, effective as of March 1, 2021 as President and COO, Mr. Cochran spent twenty-four years in various management roles at Jabil Greenpoint (NYSE: JBL) and most recently as Senior Vice President of its Global Business Unit in Singapore, where he led a smartphone technology division responsible for $3.7 billion in revenues. Mr. Cochran is based in the United States and has vast international experience working with partners in Singapore, India, Brazil, Mexico, China, France, Hungary and other countries. Mr. Cochran has a Bachelor of Science in Business Operations from Devry Institute of Technology.
No arrangement or understanding exists between Mr. Cochran and any other persons pursuant to which he was appointed to the management of the Company. Mr. Cochran has not engaged in any transaction, since January 1, 2020, or any currently proposed transaction, in which the Company was or is to be a participant and the amount involved exceeds $120,000, and in which any related person had or will have a direct or indirect material interest.
| Item 7.01 | Regulation FD Disclosure |
The Company issued a press release on March 8, 2021, announcing the appointment of Mr. Cochran. A copy of this press release is furnished as Exhibit 99.1
The Company is furnishing the information under this item, including Exhibit 99.1, pursuant to Item 7.01, “Regulation FD Disclosure.”
| Item 9.01 | Exhibits |
| Exhibit No. | Description | |
| 99.1 | Press Release dated March 8, 2021 |
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.
| KULR TECHNOLOGY GROUP, INC. | ||
| Date: March 8, 2021 | By: | /s/ Michael Mo |
| Name: Michael Mo | ||
| Title: President & Chief Executive Officer | ||
Exhibit 99.1
Keith Cochran Joins KULR Technology Group as President & COO
Former Jabil SVP of $3.7 billion Asian smartphone division to lead growth initiatives in
large-scale manufacturing automation and operational expansion
SAN DIEGO / ACCESSWIRE / March 08, 2021 / KULR Technology Group Inc. (OTCQB: KULR) (the "Company" or "KULR"), a leading developer of next-generation lithium-ion battery safety and thermal management technologies, today announces veteran manufacturing and operations executive Keith Cochran has joined the Company as President and Chief Operating Officer. An accomplished senior-level executive, Cochran brings over 25 years of successful operations and business management experience to KULR Technology Group. Prior to KULR, Mr. Cochran was most recently Senior Vice President of Jabil Greenpoint's (NYSE: JBL) Global Business Units in Singapore, where he led the $3.7 billion revenue smartphone technology division. Under his management, he oversaw a team employing over 65,000 people in the United States and Asia, managed over 45 original equipment manufacturers simultaneously, served as Country Manager in India and Brazil, and was the recipient of multiple Supplier of the Year awards.
As KULR Chief Operating Officer, Mr. Cochran will provide the leadership and organizational experience necessary to ensure KULR has proper operational controls and procedures in place to effectively manufacture and automate on mass scale with sound operating efficiency. Cochran brings a combination of international manufacturing experience, operations improvement and global go-to-market expertise to the California based thermal management company. Having driven growth strategies globally within several business units at Jabil, Inc., he will also focus on potential operational synergies inside Europe and Asia.
“As someone who has a passion for people and motivating others, as well as a love for industrial engineering and product manufacturing, I couldn’t imagine a better place to continue my career than at KULR Technology Group,” said Cochran. “I look forward to building a strong and successful operations unit that will help KULR deliver its carbon fiber thermal management technologies to the masses.”
"Keith has a broad 25-year supply chain management background, and in his tenure at Jabil he demonstrated an astute ability to run day-to-day operations on a large scale while executing difficult changes with exceptional results," said Michael Mo, KULR Technology Group CEO. "He is an outstanding addition to our team and we value his guidance as he leads KULR's operational expansion going forward."
As a senior member of the leadership team, Cochran will report directly to KULR CEO, Michael Mo.
About KULR Technology Group Inc.
KULR Technology Group Inc. (OTCQB:KULR) develops, manufactures and licenses next-generation carbon fiber thermal management technologies for batteries and electronic systems. Leveraging the company's roots in developing breakthrough cooling solutions for NASA space missions and backed by a strong intellectual property portfolio, KULR enables leading aerospace, electronics, energy storage, 5G infrastructure, and electric vehicle manufacturers to make their products cooler, lighter and safer for the consumer. For more information, please visit www.KULRTechnology.com.
Safe Harbor Statement
This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on May 14, 2020. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
Media Contact:
Derek Newton
Head, Media Relations
Main: (786) 499-8998
Derek.Newton@KULRTechnology.com
Investor Relations:
KULR Technology Group Inc.
Main: (888) 367-5559
IR@KULRTechnology.com