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): February 24, 2022
Qumu Corporation
(Exact name of Registrant as Specified in its Charter)
Minnesota
(State Or Other Jurisdiction Of Incorporation)
| 000-20728 | 41-1577970 | |
| (Commission File Number) |
(I.R.S.
Employer Identification No.) |
| 400 S. 4th Street, Suite 401-412 | ||
| Minneapolis, MN | 55415 | |
| (Address Of Principal Executive Offices) | (Zip Code) |
(612) 638-9100
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 |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under 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 registered | ||
| Common stock, par value $0.01 | QUMU | The Nasdaq Stock Market LLC |
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. ☐
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. ☐
Items under Sections 1 through 4 and 6 through 9 are not applicable and therefore omitted.
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On February 24, 2022, the Board of Directors of Qumu Corporation (the “Company”) determined that Rose Bentley, the Company’s Chief Operating Officer since March 22, 2021, is an “officer” under Rule 16a-1(f) and an “executive officer” under Rule 3b-7 of the Securities Exchange Act of 1934, as amended. This determination follows a review by the Board of Directors of the organizational structure of the Company’s executive officers and senior leadership. Information regarding Ms. Bentley’s biography and compensation is disclosed in the Current Report on Form 8-K filed by the Company on March 30, 2021.
Also on February 24, 2022, the Company eliminated the position of Chief Commercial Officer/Chief Counsel and, as a result, Mr. Karp, who served in that position, will be entitled to compensation and benefits applicable to a termination without cause under his letter agreement with the Company related to severance and change of control. We thank Mr. Karp for his service to Qumu.
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SIGNATURE
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, thereunto duly authorized.
| QUMU CORPORATION | ||
| By: | /s/ TJ Kennedy | |
| TJ Kennedy | ||
| Chief Executive Officer | ||
| Date: February 25, 2022 | ||
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