SATT 8-K
Sativus Tech Corp. (SATT)
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 4, 2020
SEEDO CORP.
(Exact name of registrant as specified in its charter)
| Delaware | 333-208814 | 47-2847446 | ||
| (State of incorporation) | (Commission File Number) | (IRS Employer No.) |
c/o David E. Price, Esq.
#3 Bethesda Metro Center – Suite 700
Bethesda, MD 20814
(Address of principal executive offices and Zip Code)
(800) 608-6432
(Registrant’s telephone number, including area code)
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:
| ☐ | 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)) |
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. ☐
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
ITEM 7.01 REGULATION FD DISCLOSURE
On September 4, 2020, the Board of Directors granted 300,000 Restricted Stock Units as renumeration to each of the three current Board Members, all of whom serve without salary;
Item 9.01 Exhibits
(d) Exhibits.
| 10.1 | Board Resolution Authorizing issuance of RSUs |
1
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: September 4, 2020
| SEEDO CORP. | |
| /s/ David Grossman | |
| By: David Grossman, Director, CEO |
2
Exhibit 10.1
RESOLUTION of THE BOARD OF DIRECTORS
OF
SEEDO CORP.
The following is a true copy of the RESOLUTION duly adopted by the Board of Directors of this Corporation at a special meeting, notice to this meeting having been waived, held on this 4st day of September, 2020;
The Board of Directors which was present for this meeting & took active part therein was:
DAVID GROSSMAN
DAVID FREIDENBERG
GIL FEILER
WHEREAS there has been presented to and considered by this meeting a Motion to grant Restricted Stock Units to members of the Board of Directors.
NOW THEREFORE BE IT RESOLVED that the corporation having considered this matter, has opened the floor to all those who voice a preference in the issue, and pursuant to DGCL §141, the Directors unanimously has RESOLVED:
THAT each member of the Board shall receive 300,000 Restricted Stock Units with immediate vesting.
Said Motion is hereby passed and the corporate books, records and the Secretary shall file this Resolution in the corporate records
DATED: 4rth September, 2020
| /S/ David Grossman | |
| DAVID GROSSMAN | |
| /S/ David Freidenberg | |
| DAVID FREIDENBERG | |
| /S/ Gil Feiler | |
| GIL FEILER |