UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): February 28, 2017
LOOP INDUSTRIES, INC. |
(Exact name of registrant as specified in its charter) |
Nevada | | 000-54786 | | 27-2094706 |
(State or other jurisdiction
of incorporation) | | (Commission
File Number) | | (IRS Employer
Identification No.) |
480 Fernand Poitras
Terrebonne, Quebec, Canada, J6Y 1Y4
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (781) 821-6600
1999 Avenue of the Stars, Suite 2520
Los Angeles, California 90067
(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)) |
Item 1.01 Entry into a Material Definitive Agreement
On February 28, 2017, Loop Industries, Inc., a Nevada corporation (the “Company”), entered into an agreement for services (the “Agreement”) with an affiliate of PepsiCo, effective as of January 1, 2017. On the same day, the Company and PepsiCo entered into a statement of work pursuant to the Agreement whereby the Company will manage a mail back recycling program for certain specified products sold by PepsiCo and its affiliates, divisions and subsidiaries, including providing materials for mailing recyclables to the Company and processing the returned items. PepsiCo will pay the Company for the costs of the mailing materials, the mail back and shipping costs, and a management fee.
The Agreement expires on the later of (i) December 1, 2017 and (ii) the completion of all outstanding, executed statements of work, unless earlier terminated by PepsiCo pursuant to the terms of the Agreement.
The foregoing description of the Agreement is a summary and is qualified in its entirety by the terms of the Agreement. A copy of the Agreement will be filed as an exhibit to the Company’s Annual Report on Form 10-K for the year ended February 28, 2017.
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.
| LOOP INDUSTRIES, INC. |
| |
Date: March 29, 2017 | By: | /s/ Daniel Solomita | |
| | Daniel Solomita | |
| | President and Chief Executive Officer | |
