Current Report Filing (8-k)
May 07 2019 - 3:58PM
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
Date
of report (Date of earliest event reported): May 1, 2019
MGT
Capital Investments, Inc.
Delaware
|
|
001-32698
|
|
13-4148725
|
(State
or other jurisdiction
of
incorporation)
|
|
(Commission
File
Number)
|
|
(IRS
Employer
Identification
No.)
|
|
|
|
|
|
512
S. Mangum Street, Suite 408
Durham,
NC
|
|
27701
|
|
(914)
630-7430
|
(Address
of principal executive offices)
|
|
(Zip
Code)
|
|
(Registrant’s
telephone number,
including
area code)
|
(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:
|
[ ]
|
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 [ ]
Securities
registered pursuant to Section 12(b) of the Act:
Title
of Each Class
|
|
Trading
Symbols
|
|
Name
of Each Exchange on Which Registered
|
Common
Stock
|
|
MGTI
|
|
Other
OTC
|
Item
5.02.
|
Departure
of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
|
On
May 1, 2019, the board of directors of MGT Capital Investments, Inc. (the “Company”) named Robert Ladd, a director
of the Company, as Chief Executive Officer and President of the Company.
Robert
Ladd, 60, joined the Company in December 2010 as a Director. He was named Interim President and CEO in February 2011, and appointed
President and CEO in January 2012, positions held continuously with the exception of November 2016 through August 2017, a period
during which Mr. Ladd was President. He also served as our Interim CFO from November 2015 through February 2018. On September
10, 2018, Mr. Ladd took a leave of absence from his positions as President and Chief Executive Officer. Mr. Ladd is also the Managing
Member of Laddcap Value Advisors, LLC, which serves as the investment manager for various private partnerships, including Laddcap
Value Partners LP. Prior to forming his investment partnership in 2003, Mr. Ladd was a Managing Director at Neuberger Berman Group.
Mr. Ladd is a former Director of InFocus Systems, Inc. (NASDAQ – INFS, 2007 to 2009), and served on the boards of Delcath
Systems, Inc. (NASDAQ – DCTH, 2006–2012) and Pyxis Tankers (NASDAQ – PXS, 2016 – 2017). Mr. Ladd has earned
his designation as a Chartered Financial Analyst (1986).
There
are no arrangements or understandings between Mr. Ladd and any other persons pursuant to which he was appointed as Chief Executive
Officer. There are also no family relationships between Mr. Ladd and any director or executive officer of the Company, and he
has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation
S-K.
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 hereunto duly authorized.
|
|
|
MGT
Capital Investments, Inc.
|
|
|
|
|
|
Date:
|
May
7, 2019
|
|
By:
|
/s/
Robert S. Lowrey
|
|
|
|
Name:
|
Robert
S. Lowrey
|
|
|
|
Title:
|
Chief
Financial Officer
|
MGT Capital Investments (PK) (USOTC:MGTI)
Historical Stock Chart
From Apr 2024 to May 2024
MGT Capital Investments (PK) (USOTC:MGTI)
Historical Stock Chart
From May 2023 to May 2024