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QWIKF Qwick Media Inc (CE)

0.70
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Qwick Media Inc (CE) USOTC:QWIKF OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.70 0.00 01:00:00

Report of Foreign Issuer (6-k)

09/09/2015 11:02am

Edgar (US Regulatory)



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of September 2015

Commission File Number: 000-32981

QWICK MEDIA INC.
(Translation of registrant's name into English)

8652 Commerce Court, Burnaby, BC V5A 4N6
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F [X]      Form 40-F [   ]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.


- 2 -

SUBMITTED HEREWITH

Exhibits  
   
99.1 News Release dated September 4, 2015
   
99.2 Material Change Report dated September 4, 2015

 

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, thereunto duly authorized.

Date: September 9, 2015

QWICK MEDIA INC.
(Registrant)

By: Greg Dureault





News Release

Qwick Media Announces Appointment of New Chief Operating Officer

Vancouver, British Columbia- September 4, 2015 - Qwick Media (CSE: QMI) the leader in interactive proprietary software for digital media applications is pleased to announce that Peter Nieforth has been appointed Chief Operating Officer (COO) effective immediately.

Nieforth, 46, is a 19 year technology and investment veteran with successful experience with three startups, and over 50 million in capital raised in his career. Nieforth was instrumental in bringing Vitrium Systems, Mob Safety/Smart Fleet, and TicTalking to market. Nieforth has a background in retail investments and corporate finance with Midland-Walwyn, Merrill Lynch, Yorkton Securities, and BMO Bank of Montreal.

As COO, Nieforth will have overall responsibility for the company’s global growth, including strategic business development, implementing global growth strategies, and overseeing the company’s WuXi, China operation. He will continue to focus on building a strong, customer, focused organization, while increasing efficiency across all aspects of operations. In addition, he will maintain senior management responsibilities for sales, marketing, logistics and technology.

“Peter is a seasoned and trusted leader who consistently delivers results. His addition to our team strengthens our executive management team and greatly adds to our capacity to implement our growth strategy,” says Ross Toucher, CEO. “Peter’s outstanding leadership and deep knowledge of the industry will be instrumental in aligning Qwick Media to meet the present and future needs of our customers worldwide.” Qwick Media’s touchscreen software solutions allow customers to easily communicate with their customers in real time. With over four years of working with beta customers, the company is deploying systems globally with recurring fees under end user licenses.

The Board of Directors of the Company has authorized the issuance of 1,000,000 stock options to Mr. Nieforth, each of which is exercisable into one common share of the Company at a price of $0.20 per share until August 6, 2020, and is subject to the terms of the Company’s stock option plan. The options will vest over a two year period, with one half vesting on the date of grant, one quarter on the first anniversary date and one quarter on the second anniversary date.

About Qwick Media

Qwick Media provides content management systems for the delivery of private channels into high traffic locations. Touch screen media, and interactive signage allow consumers to engage themselves with interactive directories, wayfinding, reward coupons and drive other on-demand media applications. To find out more please visit our new website at: http://www.qwickmedia.com

For further information, contact:

Greg Dureault
Vice-President and General Counsel
Tel. 604 338 8820
Email: greg@qwickmedia.com





51-102F3
MATERIAL CHANGE REPORT

Item 1 Name and Address of Company
   
  Qwick Media Inc. (the “Company”)
  8652 Commerce Court
  Burnaby, BC V5A 4N6
   
Item 2 Date of Material Change
   
  September 4, 2015
   
Item 3 News Release
   
  The news release was disseminated on September 4, 2015 through Market News and Stockwatch.
   
Item 4 Summary of Material Change
   

The Company announced the appointment of Peter Nieforth as the chief operating officer of the Company and the grant of 300,000 stock options to Mr. Nieforth.

 

 

Item 5

Full Description of Material Change

 

 

5.1

Full Description of Material Change

 

 

The Company announced the appointment of Peter Nieforth as the chief operating officer of the Company. Mr. Nieforth is a 19 year technology and investment veteran with successful experience with three startups, and over 50 million in capital raised in his career. Nieforth was instrumental in bringing Vitrium Systems, Mob Safety/Smart Fleet, and TicTalking to market. Nieforth has a background in retail investments and corporate finance with Midland-Walwyn, Merrill Lynch, Yorkton Securities, and BMO Bank of Montreal.

 

 

In connection with Mr. Nieforth’s appointment, the Board granted Mr. Nieforth 300,000 stock options, each of which is exercisable into one common share of the Company (each, a “Share”) at a price of $0.20 per Share until August 6, 2020, and is subject to the terms of the Company’s stock option plan. The options will vest over a two year period, with one half vesting on the date of grant, one quarter on the first anniversary date and one quarter on the second anniversary date.

 

 

 

See attached news release for a full description of the material change.

 

 

5.2

Disclosure for Restructuring Transactions

 

 

 

N/A

 

 

Item 6

Reliance on subsection 7.1(2) or (3) of National Instrument 51-102

 

 

 

N/A

 

 

Item 7

Omitted Information

 

 

 

None




Item 8 Executive Officer
   
  Greg C. Dureault
  Vice President and General Counsel
  Phone: 604.338.8820
   
Item 9 Date of Report
   
  September 8, 2015


News Release

Qwick Media Announces Appointment of New Chief Operating Officer

Vancouver, British Columbia- September 4, 2015 - Qwick Media (CSE: QMI) the leader in interactive proprietary software for digital media applications is pleased to announce that Peter Nieforth has been appointed Chief Operating Officer (COO) effective immediately.

Nieforth, 46, is a 19 year technology and investment veteran with successful experience with three startups, and over 50 million in capital raised in his career. Nieforth was instrumental in bringing Vitrium Systems, Mob Safety/Smart Fleet, and TicTalking to market. Nieforth has a background in retail investments and corporate finance with Midland-Walwyn, Merrill Lynch, Yorkton Securities, and BMO Bank of Montreal.

As COO, Nieforth will have overall responsibility for the company’s global growth, including strategic business development, implementing global growth strategies, and overseeing the company’s WuXi, China operation. He will continue to focus on building a strong, customer, focused organization, while increasing efficiency across all aspects of operations. In addition, he will maintain senior management responsibilities for sales, marketing, logistics and technology.

“Peter is a seasoned and trusted leader who consistently delivers results. His addition to our team strengthens our executive management team and greatly adds to our capacity to implement our growth strategy,” says Ross Toucher, CEO. “Peter’s outstanding leadership and deep knowledge of the industry will be instrumental in aligning Qwick Media to meet the present and future needs of our customers worldwide.”

Qwick Media’s touchscreen software solutions allow customers to easily communicate with their customers in real time. With over four years of working with beta customers, the company is deploying systems globally with recurring fees under end user licenses.

The Board of Directors of the Company has authorized the issuance of 1,000,000 stock options to Mr. Nieforth, each of which is exercisable into one common share of the Company at a price of $0.20 per share until August 6, 2020, and is subject to the terms of the Company’s stock option plan. The options will vest over a two year period, with one half vesting on the date of grant, one quarter on the first anniversary date and one quarter on the second anniversary date.

About Qwick Media

Qwick Media provides content management systems for the delivery of private channels into high traffic locations. Touch screen media, and interactive signage allow consumers to engage themselves with interactive directories, wayfinding, reward coupons and drive other on-demand media applications. To find out more please visit our new website at: http://www.qwickmedia.com

For further information, contact:

Greg Dureault
Vice-President and General Counsel
Tel. 604 338 8820
Email: greg@qwickmedia.com


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