Current Report Filing (8-k)
28 September 2017 - 9:06PM
Edgar (US Regulatory)
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
September
26, 2017
Date
of Report (Date of earliest event reported)
DIGILITI
MONEY GROUP, INC.
(Exact
Name of Registrant as Specified in its Charter)
Delaware
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001-37913
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27-2205650
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(State
or other jurisdiction
of incorporation)
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(Commission
File Number)
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(I.R.S.
Employer
Identification No.)
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18671
Lake Drive East
dellFive Business Park G
Minneapolis, MN
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55317
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(Address
of Principal Executive Offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code:
(952) 698-6980
N/A
(Former
name 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:
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act (17 CFR 230.405)
or Rule 12b-2 of the Exchange Act (17 CFR 240.12b-2).
Emerging
growth company [X]
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
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
of Certain Officers
Effective
September 26, 2017, the Board of Directors (the “Board”) of Digiliti Money Group, Inc. (the “Company”)
elected Cliff Mason to the Board.
Mr.
Mason is currently the President of Total Administrative Services Corporation, the nation’s largest, privately held, third-party
administrator for employee benefits programs. He has more than 25 years of experience in financial services, including payment
networks, processors and professional services. Moreover, he has extensive experience in ACH, card, check, credit, debit, prepaid
and alternative systems of payment, including digital banking solutions.
Previously,
Mr. Mason served as Executive Vice President of Payment Technologies with Swift Exchange, LLC (“Swift”), where he
led multiple teams focused on facilitating Swift’s strategy for in-store payments with enterprise merchants in North America.
Prior to joining Swift, Mr. Mason served as Senior Vice President of Sales for TxVia, a payments technology company with revenues
that grew from $5 million to over $70 million prior to its acquisition by Google. Prior to joining TxVia, Mr. Mason served in
various leadership roles at eCache and TSYS.
Mr.
Mason earned a B.S. degree in Finance from Villanova University. He currently serves as Chairman of the Board of Directors for
Urban FT, a party to a proposed merger, share exchange, asset acquisition or similar business combination resulting in the acquisition
by the Company of Urban FT or its assets (the “Proposed Acquisition”).
Mr.
Mason has no family relationship with any other officer or director of the Company. Except for the Proposed Acquisition, neither
Mr. Mason nor any immediate family member of Mr. Mason has a material interest in any transaction with the Company involving the
payment or receipt of at least $120,000.
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.
September
28, 2017
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DIGILITI MONEY, INC.
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By:
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/s/
Bryan Meier
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Bryan
Meier
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Interim
Chief Executive Officer and
Chief Financial Officer
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