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
November 24, 2011
Date of Report (Date of earliest event reported)
Bitzio, Inc.
(Exact name of registrant as specified in its charter)
Nevada
(State or other jurisdiction)
000-51688
(Commission File Number)
16-1734022
(IRS Employer Identification No.)
548 Market Street, Suite 18224, San Francisco, California, 94104
(Address of principal executive offices)
(213) 400-0770
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:
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[ ] | | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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[ ] | | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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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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[ ] | | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 FR 240.13e-4(c))
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Item 1.01 Entry into a Material Definitive Agreement
On November 30, 2011, Bitzio, Inc. (the “Company”) entered into indemnification agreements (the “Agreements”) with each of Mr. Gordon C. McDougall, the Company’s Chief Executive Officer and a director, Mr. Robert W. Garnett, the Company’s Chief Financial Officer and a director, Mr. Bruce C. Weatherell, the Company’s Chief Operating Officer, and Mr. Steven D. Moulton, a director of the Company, in the form incorporated herein as Exhibits 10.1 through 10.4.
The Agreements generally provide that the Company will indemnify the directors against expenses in respect of threatened, pending, continuing and completed actions, suits and other proceedings.
Item 3.02
Unregistered Sales of Equity Securities
On November 24, 2011, the Company issued 360,000 shares of its restricted common stock and $180,000 of convertible notes convertible into 1,800,000 shares of restricted common stock pursuant to a private placement. These securities were issued for consideration totaling $180,000 under the auspices of Rule 506 of Regulation D of the Securities Act of 1933.
Item 9.01 Financial Statements and Exhibits
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Exhibit | | Description |
10.1 | | Indemnification Agreement dated November 30, 2011 with Gordon C. McDougall |
10.2 | | Indemnification Agreement dated November 30, 2011 with Robert W. Garnett |
10.3 | | Indemnification Agreement dated November 30, 2011 with Bruce C. Weatherell |
10.4 | | Indemnification Agreement dated November 30, 2011 with Steven D. Moulton |
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: November 30, 2011
BITZIO, INC.
/s/ Gordon C. McDougall
Gordon C. McDougall
Chief Executive Officer
