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): November 17, 2014
Mopals.com, Inc.
(Exact name of registrant as specified in its charter)
| Delaware | | 333-105778 | | 05-0554486 |
| (State or other jurisdiction of incorporation) | | (Commission File Number) | | (I.R.S. Employer Identification No.) |
109 Atlantic Avenue, Suite 308
Toronto, Ontario, CANADA, M6K 1X4
(Address of principal executive offices)(Zip Code)
416-362-4888
(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 (see General Instruction A.2. below):
| o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| |
| o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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| o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| |
| o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On November 17, 2014, the board of directors (the “Board”) of the Company appointed Greivis Vásquez as a member of the Board.
Family Relationships
No family relationship has ever existed between any director, executive officer of the Company, and any person contemplated to become such.
Related Party Transactions
There are no related party transactions reportable under Item 5.02 of Form 8-K and Item 404(a) of Regulation S-K.
Director Agreements
On November 17, 2014, the Company entered into a director agreement (the “Director Agreement”) with Greivis Vásquez for a term of three years, to be renewed upon mutual agreement of the parties. Pursuant to the Director Agreement, Mr. Vásquez will receive compensation of $30,000 annually, to be increased to $40,000 annually after the first year. The Company has also agreed to issue to Mr. Gupta options to purchase shares of the Company’s common stock, to vest immediately, in the following installments: (1) options to purchase 400,000 shares of Common Stock at a price of $0.35, per share, to be granted on the date of the Director Agreement; (2) options to purchase 500,000 shares of Common Stock at a price of $0.55, per share, to be granted one year following the date of the Director Agreement; and (3) options to purchase 500,000 shares of Common Stock at a price of $0.65, per share, to be granted two years following the date of the Director Agreement.
On November 17, 2014, the Company issued a press release announcing the appointment of Mr.Vásquez, a copy of which is attached to this Report as Exhibit 99.1.
| Item 9.01Financial Statements and Exhibits |
(d) Exhibits
| Exhibit No. | | Description |
| 99.1 | | Press Release, dated November 17, 2014 |
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.
| | Mopals.com, Inc. |
| | | |
| | By: | /s/ Alex Haditaghi |
| | | Alex Haditaghi |
| | | President and Chief Executive Officer |
Dated: December 3, 2014
