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): August 27, 2018
SOLIS TEK INC.
(Exact name of registrant as specified in its charter)
| Nevada | 000-53635 | 20-8609439 | ||
|
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
853 Sandhill Avenue, Carson, California 90746
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (888) 998-8881
Copy of correspondence to:
Marc J. Ross, Esq.
James M. Turner, Esq.
Sichenzia Ross Ference Kesner LLP
1185 Avenue of the Americas, 37 th Floor
New York, New York 10036
Tel: (212) 930-9700 Fax: (212) 930-9725
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 (§ 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 1.01 Entry into a Material Definitive Agreement.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Amendment to Davis Employment Agreement
On August 27, 2018, Solis Tek Inc. (the “Company”) and Tiffany Davis (“Davis”) entered into an amendment (the “Amendment”) to the employment agreement between the Company and Davis, dated August 22, 2018 (the “Agreement”). Under the Agreement, Davis was to receive 750,000 shares of the Company’s common stock, par value $0.001 per share (“Common Stock”), upon the effective date of the Agreement. Pursuant to the Amendment, Davis agreed to accept, in lieu of the 750,000 shares of Common Stock, options to purchase 750,000 shares of Common Stock, exercisable for five years at $0.94 per share. No other changes were made to the Agreement.
Resignation of Stanley Teeple
On August 30, 2018, Stanley Teeple resigned as the Company’s Chief Compliance Officer, Secretary and Senior Vice President, effective August 31, 2018.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| 10.01 | Amendment to Employment Agreement, dated August 27, 2018, by and between Solis Tek Inc. and Tiffany Davis. |
| 2 |
SIGNATURE
Pursuant to the requirement of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| SOLIS TEK INC. | ||
| Date: August 31, 2018 | By: | /s/ TIFFANY DAVIS |
| Tiffany Davis | ||
| Chief Operating Officer | ||
| 3 |
Exhibit 10.01
SOLIS TEK INC.
853 Sandhill Avenue
Carson, California 90746
August 27, 2018
VIA EMAIL
Tiffany Davis
c/o Solis Tek Inc.
853 Sandhill Avenue
Carson, California 90746
Re: Amendment to Employment Agreement
Dear Ms. Davis:
This letter shall serve as an amendment to the employment agreement dated August 22, 2018 by and between Solis Tek Inc. and Tiffany Davis (the “Agreement”). Capitalized terms used but not defined herein shall have the meaning ascribed to them in the Agreement. The last sentence of Section 3(f) of the Agreement is hereby amended and replaced in its entirety with the following:
“On the Effective Date, the Company shall grant to Executive an option to purchase 750,000 shares of the Company’s common stock, exercisable at any time, for a period of five (5) years at $0.94 per share.”
The foregoing amendment shall be effective as of August 27, 2018.
| SOLIS TEK INC. | ||
| /s/ ALAN LIEN | ||
| By: | Alan Lien | |
| Title: | Chief Executive Officer | |
Accepted to and agreed this
27th day of August, 2018:
| /s/ TIFFANY DAVIS | |
| Tiffany Davis |