8-K

DNA X, Inc. (SONM)

8-K 2022-07-20 For: 2022-07-14
View Original
Added on April 07, 2026


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


Dateof Report (Date of earliest event reported): July 14, 2022

SonimTechnologies, Inc.

(Exactname of registrant as specified in its charter)

Delaware 001-38907 94-3336783
(State or other jurisdiction<br><br> <br>of incorporation) (Commission<br><br> <br>File Number) (IRS Employer<br><br> <br>Identification No.)

6500River Place Boulevard

Building7, Suite 250

Austin,TX 78730

(Addressof principal executive offices, including Zip Code)


(650)378-8100

(Registrant’stelephone number, including area code)


Not

applicable.

(Formername 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:

Written<br> communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting<br> material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
--- ---
Pre-commencement<br> communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
--- ---
Pre-commencement<br> 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
Common Stock, par value $0.001 per share SONM The Nasdaq Stock Market LLC<br><br> <br>(Nasdaq Capital Market)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

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 7(a)(2)(B) of Securities Act. ☐

Item 5.02 Departureof Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(d) On July 14, 2022, the board of directors (the “Board”) of Sonim Technologies, Inc., a Delaware corporation (the “Company”) elected Messrs. Peter Hao Liu and Jose Carlos Principe, Ph.D., to serve as members of the Board, effective July 14, 2022. The size of the Board was increased to seven, effective July 14, 2022, in connection with the election of Messrs. Liu and Principe. No determinations as to committee appointments have been made at this time. Mr. Principe is expected to be named as a member of the Compensation Committee of the Board.

There are no arrangements or understandings between either of Messrs. Liu and Principe and any other person pursuant to which Messrs. Liu or Principe were appointed to serve as members of the Board. Neither of Messrs. Liu and Principe has a family relationship with any director or executive officer of the Company. Mr. Principe has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. As previously disclosed in the Current Report on Form 8-K filed with the Securities and Exchange Commission by the Company on July 13, 2022 (the “First Closing Report”), Mr. Liu was a designee of AJP Holding Company, LLC at the first closing of a certain subscription agreement dated April 13, 2022, and approved by the stockholders of the Company on June 28, 2022, contemplating the issuance of 952,381 shares of common stock of the Company to Mr. Liu in consideration of $800,000. Additionally, Mr. Liu was appointed as Chief Executive Officer of the Company pursuant to the above-referenced subscription agreement. To the extent required by Item 5.02 the information contained in (or incorporated by reference into) the First Closing Report is hereby incorporated by reference into this Item 5.02.

The Company and each of the appointed directors will also enter into the Company’s standard form of officers’ and directors’ indemnification agreement, pursuant to which the Company agrees to indemnify its officers and directors to the fullest extent permitted by applicable law and subject to certain conditions to advance expenses in connection with proceedings as described in the indemnification agreement. Reference is made to the Company’s most recent Annual Report on Form 10-K, as subsequently amended, with regard to the standard form of officers’ and directors’ indemnification agreement.


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.

SONIM<br> TECHNOLOGIES, INC.
Date:<br> July 20, 2022 By: /s/ Hao Peter Liu
Name: Hao<br> (Peter) Liu
Title: Chief<br> Executive Officer