SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
|(State or Other Jurisdiction
|(Commission File Number)||(IRS Employer |
(Address of principal executive offices) (zip code)
(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 (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))|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
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||Name of each exchange on which|
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Agreements of Certain Officers
On November 19, 2021, Ipsidy Inc. (the “Company”) and Thomas Szoke entered into a letter agreement pursuant to which the parties mutually agreed that Mr. Szoke would retire from the Company as Chief Solutions Architect of the Company, effective December 1, 2021. In connection with his departure from the Company, Mr. Szoke will receive final pay through December 1, 2021, reimbursement of all expenses and the outstanding option to purchase 33,334 shares of common stock granted to Mr. Szoke on May 5, 2021 shall become fully vested upon the separation date and shall remain outstanding. Further, the Company and Thomas Szoke LLC intend to enter into a Consulting Agreement pursuant to which Thomas Szoke LLC will provide business and identity consulting services continuing until terminated by either party giving not less than 30 days written notice to the other at any time after November 30, 2022. Thomas Szoke LLC will receive $305,000 payable in twelve equal monthly installments and $140 per hour with respect to additional specific services.
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: November 26, 2021||By:||/s/ Stuart Stoller|
|Title:||Chief Financial Officer|