Current Report Filing (8-k)
January 28 2022 - 4:31PM
Edgar (US Regulatory)
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(D) OF THE
THE
SECURITIES EXCHANGE ACT OF 1934
Date
of report (Date of earliest event reported): January 24, 2022
SIGMA
LABS, INC.
(Exact
name of registrant as specified in its charter)
Nevada
|
|
001-38015
|
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27-1865814
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(State
or other jurisdiction of
incorporation
or organization)
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|
(Commission
File
Number)
|
|
(I.R.S.
Employer
Identification
No.)
|
3900
Paseo del Sol
Santa
Fe, New Mexico 87507
(Address
of Principal Executive Offices) (Zip Code)
Registrant’s
telephone number, including area code: (505) 438-2576
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 (see General Instruction A.2. below):
☐
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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|
|
☐
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
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Trading
Symbol(s)
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Name
of each exchange on which registered
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Common
Stock, par value $0.001 per share
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SGLB
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The
NASDAQ Stock Market LLC
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Warrants
to Purchase Common Stock, par value $0.001 per share
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SGLBW
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The
NASDAQ Stock Market LLC
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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 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
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
On
June 10, 2021, the Compensation Committee of the Board of Directors (the “Committee”) of Sigma Labs, Inc. (the “Company”)
adopted certain quantitative and qualitative corporate goals for the Company for the determination of bonuses to be paid to the Company’s
President and Chief Executive Officer, Mark Ruport, for 2021, under an incentive compensation plan (the “plan”). On January
24, 2022, the Committee reviewed performance under the plan and determined that certain goals were met and, accordingly, the Committee
granted Mr. Ruport a cash bonus of $208,334, $104,167 of which is payable by January 31, 2022, and the remaining $104,167 of which will
be paid promptly after the Company’s Form 10-K for the fiscal year ended December 31, 2021, is filed with the Securities and Exchange
Commission.
Also
on January 24, 2022, the Committee approved the grant of cash bonuses to Darren Beckett, the Company’s Chief Technology Officer,
and Frank Orzechowski, the Company’s Chief Financial Officer, based on their performance in 2021, in the amount of $25,800 and
$26,500, respectively.
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.
Date:
January 28,
2022
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SIGMA
LABS, INC.
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By:
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/s/
Mark K. Ruport
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Name:
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Mark
K. Ruport
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Title:
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President
and Chief Executive Officer
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