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): August 30, 2019 QUEST RESOURCE HOLDING CORPORATION |
(Exact Name of Registrant as Specified in Its Charter) |
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Nevada | | 001-36451 | | 51-0665952 |
(State or other Jurisdiction of Incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
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3481 Plano Parkway, The Colony, Texas | | 75056 |
(Address of Principal Executive Offices) | | (Zip Code) |
Registrant’s telephone number, including area code: (972) 464-0004
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(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 follow 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))
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class | Trading Symbol | Name of each exchange on which registered |
Common Stock, $0.001 par value | QRHC | The NASDAQ Stock Market LLC |
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 September 1, 2019, certain Directors of Quest Resource Holding Corporation, a Nevada corporation (the “Company”) elected to receive some or all of their monthly retainer Director fees for the next 12 months in stock through the issuance of Deferred Stock Units. Under this arrangement, such Directors will receive Deferred Stock Units which entitle such Directors to receive an amount of Company Common Stock, $0.001 par value (the “Common Stock”) equal to the monthly retainer divided by the closing price of the Common Stock as reported by the Nasdaq Capital Market on the last trading day of such month. Directors who elected to receive Deferred Stock Units will not receive the Common Stock, or otherwise have any rights with respect to such Common Stock, until they no longer serve on the Board of Directors. The form of Deferred Stock Unit Agreement has been filed as Exhibit 99 to this Form 8-K.
On August 30, 2019, Richard L. Hobby resigned as Senior Vice President of Sales of the Company. The Company is in the process of hiring a successor to Mr. Hobby.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
99 Form of Quest Resource Holding Corporation Deferred Stock Unit Agreement.
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.
| QUEST RESOURCE HOLDING CORPORATION | |
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Dated: September 6, 2019 | By: | /s/ Laurie L. Latham | |
| | Name: | Laurie L. Latham | |
| | Title: | Senior Vice President and Chief Financial Officer | |
