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
June 27, 2016 (June 20, 2016) Date of Report (Date of earliest event reported)
MassRoots, Inc. (Exact name of registrant as specified in its charter)
Delaware
000-55431
46-2612944
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
1624 Market Street, Suite 201, Denver, CO 80202 (Address of principal executive offices) (Zip Code)
(720) 442-0052 (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):
[ ] 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))
Unless otherwise provided in this Current Report, all references to “we,” “us,” “our,” or the “Company” refer to the Registrant, MassRoots, Inc.
Item 5.02 Departure of Certain Officers; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 20, 2016, the Company retained Mr. Lance Galey as Chief Technology Officer of the Company, effective immediately. Mr. Galey succeeds Mr. Stewart Fortier, who resigned as Chief Technology Officer of the Company as of that same date. Mr. Fortier will continue with the Company as the Company’s Lead Recruiter and Head of Culture, a non-executive role. He will also continue in his role as a Director of the Company.
Pursuant to Mr. Galey’s employment agreement (the “Employment Agreement”), Mr. Galey will receive a salary of $200,000 per year for his services. The Employment Agreement is an “at-will” agreement and may be terminated by either party with or without cause with one (1) month’s written notice. Mr. Galey will receive health, dental and vision insurance under the Company’s standard healthcare plan while employed by the Company. No retirement plan or other employee benefits were awarded to Mr. Hunt and he shall serve at the direction of the Company’s Chief Executive Officer and Board.
The foregoing summary of the Employment Agreement does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Employment Agreement, which is filed as Exhibit 10.1 hereto, and incorporated herein by reference.
The experience of Mr. Galey is set forth below:
Lance Galey, age 41, has served as MassRoots' Chief Technology Officer since June 2016. Previously, Mr. Galey was the Chief Cloud Architect for Autodesk from February 2014 to April 2016, where he helped transform their products into strategic SaaS businesses. From June 2012 to February 2015, Mr. Galey served as Vice President and Principal Architect at Salesforce, where he led the architecture and development of numerous core infrastructure services underlying a large portfolio of Salesforce SaaS applications and was selected as the executive MVP for the technology division of Salesforce.com. Prior to his time at Salesforce, Mr. Galey served as Technical Advisor for PLUMgrid Inc. (2012-2013); Chief Architect and Head of OpenStack Engineering of Cloud Services for WebEx, a division of Cisco (2011-2012); and as the Director of Architecture for the Disney Connected and Advanced Technologies division of The Walt Disney Company (2009-2011). Mr. Galey also served as Sr. Program Manager at Microsoft Inc. (2006-2009) and began his career at Amazon (2005-2006) and Level 3 Communications (2000-2005). Mr. Galey is passionate about helping technology companies scale their teams and products to meet growing demands. He holds a B.S. in computer science from Regis University.
Mr. Galey does not have any relationship with the Company that would require disclosure pursuant to Item 404(a) or (d) of SEC Regulation S-K. Mr. Galey does not have any direct or indirect material interest in any existing or currently proposed transaction to which the Company is or may become a party.
Item 8.01 Other Events
On June 20, 2016, the Company issued a press release titled “MassRoots Recruits Lance Galey as Chief Technology Officer, Releases Updated Corporate Overview Deck.” A copy of the press release is filed as Exhibit 99.1 hereto and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. 10.1 Employment Agreement between the Company and Lance Galey Hunt. 99.1 Press Release dated June 20, 2016 titled “MassRoots Recruits Lance Galey as Chief Technology Officer, Releases Updated Corporate Overview Deck.”
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.
MassRoots, Inc.
Date: June 27, 2016 By: /s/ Isaac Dietrich Isaac Dietrich Chief Executive Officer
15:58:06 0.82 1000 OTO 15:57:43 0.83 200 OTO 15:57:40 0.83 100 OTO 15:56:09 0.82 500 OTO 15:40:28 0.8277 1000 OTO 15:28:26 0.83 299 OTO 15:28:25 0.8299 299 OTO 15:28:18 0.83 4700 OTO 15:28:18 0.8299 4700 OTO 15:16:12 0.83 132 OTO 15:14:27 0.8277 200 OTO 14:59:29 0.83 650 OTO 14:34:53 0.83 2300 OTO 14:34:00 0.825 1000 OTO 14:29:08 0.825 200 OTO 14:19:37 0.825 1900 OTO 14:19:32 0.8245 100 OTO 13:45:53 0.82 500 OTO 13:45:53 0.82 200 OTO 13:45:53 0.82 100 OTO 13:45:52 0.82 1000 OTO 13:42:51 0.82 1000 OTO 13:39:18 0.83 20 OTO 13:39:14 0.83 2100 OTO 13:36:40 0.8275 120 OTO 12:08:13 0.8275 364 OTO 12:08:13 0.8275 636 OTO 12:06:10 0.835 300 OTO 11:59:29 0.82 550 OTO 11:59:26 0.82 2500 OTO 11:58:22 0.83 548 OTO 11:49:59 0.825 500 OTO 11:38:03 0.83 100 OTO 11:33:59 0.8201 100 OTO 11:32:32 0.82 100 OTO 11:32:09 0.82 1000 OTO 11:18:14 0.82 1000 OTO 11:10:04 0.83 2400 OTO 11:09:59 0.83 1500 OTO 11:09:59 0.83 1000 OTO 11:09:54 0.83 100 OTO 11:09:19 0.83 500 OTO 11:04:16 0.845 400 OTO 10:55:25 0.86 175 OTO 10:43:55 0.86 8000 OTO 10:40:42 0.8599 500 OTO 10:40:22 0.85 1000 OTO 10:40:14 0.85 1000 OTO 10:40:02 0.84 1000 OTO 10:34:40 0.8379 55 OTO 10:34:05 0.8355 1900 OTO 10:32:53 0.84 100 OTO 10:32:48 0.84 100 OTO 10:31:10 0.84 1000 OTO 10:26:10 0.831 500 OTO 10:25:57 0.83 1000 OTO 10:22:02 0.8223 500 OTO 10:18:21 0.82 900 OTO 10:18:16 0.82 100 OTO 10:18:16 0.8211 100 OTO 10:15:24 0.825 1000 OTO 10:13:01 0.83 1000 OTO 10:00:54 0.81 1000 OTO 10:00:27 0.805 1000 OTO 09:59:56 0.81 1000 OTO 09:57:18 0.81 1000 OTO 09:55:30 0.81 1000 OTO 09:54:06 0.81 1000 OTO 09:54:00 0.81 1000 OTO 09:54:00 0.81 500 OTO 09:53:57 0.805 1000 OTO 09:39:15 0.83 1000 OTO 09:32:00 0.8379 25 OTO 09:31:52 0.83 200 OTO 09:31:43 0.83 1000 OTO 09:31:24 0.83 1000 OTO 09:30:35 0.83 1000 OTO 09:30:08 0.84 100 OTO 09:30:06 0.84 500 OTO 09:30:05 0.84 500 OTO 09:30:05 0.83 50 OTO
09:13:27 0.84 1000 OTO
Detailed Quote:MSRT MASSROOTS INC 0.82Up 0.02 (2.50 %)AS OF 3:58:06PM ET 06/29/2016
Last Trade 0.82 Trade Time 3:58:06pm ET Last Trade Exchange Other OTC Change 0.02 % Change 2.50%
Open 0.84 Day High 0.86 Day Low 0.805 Previous Close 06/28/2016 0.80 52-Week High 09/08/2015 2.34 52-Week Low 05/25/2016 0.52
Price Performance (Last 52 Weeks) -- --%
Volume 82,771 Volume (10 day Average) 138,362 Volume (90 day Average) 149,972
20160708|MSRT|52965|0|108610|O 48.76% 17,700 t trade/s bypass reg sho = 55.94%
reminder t trades bypass *daily* reg sho %s (reported) ..
MSRT >> as noted last week CEs' ramping MSRT's *volume* yet again but via their usual MO
link back .. quote is from week of 6.27.16 .. this *round's volume ramping* started week of 6.20.16
Detailed Quote:MSRT MASSROOTS INC 0.81Down -0.015 (-1.82 %)AS OF 3:59:33PM ET 07/08/2016
Last Trade 0.81 Trade Time 3:59:33pm ET Last Trade Exchange Other OTC Change -0.015 % Change -1.82%
Open 0.77 Day High 0.82 Day Low 0.77 Previous Close 07/07/2016 0.825 52-Week High 09/08/2015 2.34 52-Week Low 05/25/2016 0.52
Price Performance (Last 52 Weeks) -- --%
Volume 126,310 Volume (10 day Average) 133,212 Volume (90 day Average) 155,887
spot the obvious re: MSRT *trades* .. ;) .. marking *ask* hits with mirrored hidden bid fills and the usual wash trading done to *create* volume and *dilute* reg sho %s .. *reported* .. ;).. which without the t trades' reported have been revealing in their own right .. yet again .. hmmm
Historical Short Volume Data for MSRT Date Close High Low Volume Sht Vol % of Vol Shtd Jul 08 NA NA NA 108,610 52,965 48.77% Jul 07 0.825 0.83 0.81 69,706 26,153 37.52% Jul 06 0.835 0.85 0.82 151,259 66,983 44.28% Jul 05 0.82 0.85 0.81 121,134 80,302 66.29% Jul 04 0.8199 0.8199 0.8199 0 0 0% Jul 01 0.8199 0.85 0.805 60,469 18,614 30.78%
Jun 30 0.86 0.88 0.815 239,157 156,207 65.32% Jun 29 0.82 0.86 0.805 71,723 40,450 56.40% Jun 28 0.80 0.80 0.75 32,561 15,699 48.21% Jun 27 0.75 0.80 0.75 114,075 21,299 18.67% Jun 24 0.79 0.84 0.785 208,456 44,687 21.44% Jun 23 0.84 0.89 0.80 92,405 30,831 33.37% Jun 22 0.885 0.90 0.75 344,711 171,991 49.89% Jun 21 0.75 0.85 0.75 142,747 81,676 57.22% Jun 20 0.80 0.81 0.75 84,622 34,201 40.42% Jun 17 0.75 0.79 0.74 83,576 17,392 20.81% Jun 16 0.79 0.79 0.75 48,765 10,050 20.61%
Jun 15 0.8125 0.85 0.7686 51,619 12,645 24.50% Jun 14 0.85 0.88 0.81 80,799 13,900 17.20% Jun 13 0.88 0.92 0.79 85,149 4,766 5.60% Jun 10 0.90 0.96 0.90 62,209 6,730 10.82% Jun 09 0.955 0.97 0.95 39,090 8,967 22.94% Jun 08 0.96495 0.98 0.9475 85,170 50,587 59.40%
15:59:33 0.81 1000 OTO 15:59:30 0.81 1000 OTO 15:49:32 0.805 200 OTO 15:31:14 0.805 500 OTO 15:14:56 0.80 3000 OTO 15:05:53 0.82 10000 OTO 15:05:48 0.82 1000 OTO 15:05:44 0.82 1000 OTO 15:05:44 0.82 1000 OTO 15:05:43 0.82 1000 OTO 15:05:43 0.82 1000 OTO 15:00:53 0.8199 50 OTO 14:57:53 0.775 1000 OTO 14:56:50 0.80 1000 OTO 14:56:40 0.80 1000 OTO 14:56:16 0.81 2674 OTO 14:31:41 0.7901 1500 OTO 14:31:41 0.80 3000 OTO 14:28:15 0.79 3200 OTO 14:27:02 0.80 1075 OTO 14:24:52 0.805 200 OTO 14:20:42 0.80 2500 OTO 14:17:56 0.805 1000 OTO 14:17:53 0.80 3425 OTO 14:17:53 0.7999 3425 OTO 14:09:19 0.80 1575 OTO 14:09:19 0.8001 1575 OTO 14:05:25 0.8025 800 OTO 13:34:43 0.80 1000 OTO 13:34:43 0.7999 1000 OTO 13:34:42 0.80 100 OTO 13:34:41 0.80 1000 OTO 13:34:41 0.7999 100 OTO 13:34:40 0.7999 1000 OTO 13:34:35 0.80 1325 OTO 13:34:35 0.7999 1325 OTO 13:32:38 0.79 800 OTO 13:21:16 0.80 50 OTO 12:46:01 0.79 1500 OTO 12:46:01 0.7925 2000 OTO 12:28:07 0.80 175 OTO 12:28:07 0.7999 175 OTO 12:26:54 0.7925 700 OTO 12:23:46 0.785 80 OTO 12:23:44 0.785 100 OTO 12:21:10 0.7925 916 OTO 12:21:10 0.7925 1500 OTO 12:21:10 0.7925 584 OTO 11:59:29 0.788 890 OTO 11:53:59 0.7925 1250 OTO 11:07:55 0.7925 1250 OTO 11:07:39 0.7925 600 OTO 10:44:08 0.795 1000 OTO 10:43:00 0.785 3500 OTO 10:40:55 0.79 300 OTO 10:36:15 0.795 250 OTO 10:36:07 0.795 1000 OTO 10:22:55 0.80 1500 OTO 10:22:55 0.8001 2000 OTO 10:20:11 0.805 2000 OTO 10:10:08 0.81 400 OTO 10:03:13 0.80 600 OTO 10:01:50 0.80 1500 OTO 09:54:54 0.80 5000 OTO 09:47:15 0.80 1000 OTO 09:30:51 0.80 1000 OTO 09:30:51 0.80 200 OTO 09:30:51 0.80 600 OTO 09:30:51 0.80 3000 OTO 09:30:51 0.80 541 OTO 09:30:51 0.80 1000 OTO 09:30:51 0.80 1870 OTO 09:30:09 0.7901 250 OTO 09:30:09 0.7901 200 OTO 09:30:09 0.7901 80 OTO 09:30:09 0.7901 600 OTO 09:30:08 0.7901 1000 OTO 09:30:06 0.7901 100 OTO 09:30:05 0.77 2000 OTO 09:30:04 0.77 7000 OTO
09:28:27 0.79 1000 OTO 09:28:12 0.795 1000 OTO 09:26:12 0.795 1000 OTO 09:24:33 0.80 1000 OTO