Form 8-K - Current report

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

August 12, 2024

Date of Report

(Date of earliest event reported)

SOCKET MOBILE, INC.

(Exact name of registrant as specified in its charter)

Delaware		001-13810		94-3155066
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

40675 Encyclopedia Circle

Fremont, CA 94538

(Address of principal executive offices, including zip code)

(510) 933-3000

(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))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common stock, $0.001 Par Value per Share	SCKT	NASDAQ

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

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.

Appointment of Independent Director

On August 12, 2024, the Board of Directors (the “Board”) of Socket Mobile, Inc. (the “Company”) appointed Alexis Hartmann to serve as a director until the Company’s 2025 Annual Meeting of Stockholders or until her successor is duly elected and qualified. There are no arrangements or understandings between Mr. Hartmann and any other persons pursuant to which she was elected to serve on the Board.

Alexis brings over 20 years of leadership and SaaS experience, with 15 of those years in the procurement and supply chain industry. He is a graduate of ESSEC and currently works at Prewave, a supply chain SaaS software company, where he oversees revenue and growth. Previously, Alexis played a significant role at Coupa in 2014 and Amplitude in 2018, where he helped launch their European markets and successfully guided both companies through their IPOs. Alexis is also actively involved as an investor in various startups, guiding co-founders through pivotal stages of development. His expertise in SaaS, sales, new business development, and product analytics has empowered numerous organizations to achieve measurable results and substantial growth.

Mr. Hartmann is not a party to any transaction with any related person required to be disclosed pursuant to Item 404(a) of Regulation S-K promulgated by the Securities and Exchange Commission.

Mr. Hartmann will enter into the Company’s standard form of indemnification agreement, a copy of which was previously filed on [January 27, 2009 as Exhibit 10.1 to the Company’s Current Report on Form 8-K (File No. 000-25904)]. In addition, Mr. Hartmann will be compensated for providing service on the Board in accordance with the Company’s standard compensation policy for non-employee directors.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.		Description

99.1		Press release regarding appointment of Mr. Alexis Hartmann as a board director, dated August 14, 2024.

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.

		SOCKET MOBILE, INC.

	Date: August 14, 2024	/s/ Lynn Zhao
		Name: Lynn Zhao Vice President, Finance and Administration and Chief Financial Officer

Exhibit 99.1

Socket Mobile Appoints Alexis Hartmann, Key SaaS Expert, to Board of Directors

FREMONT, Calif., August 14, 2024 – Socket Mobile, Inc. (NASDAQ: SCKT), a leading provider of data capture and delivery solutions for enhanced productivity, today announced the appointment of Alexis Hartmann to its Board of Directors, effective August 12, 2024. Following the appointment of Mr. Hartmann, the Board will be comprised of six directors, four of whom will be independent.

“We are pleased to welcome Alexis Hartmann to our Board of Directors,” said Kevin Mills, Chief Executive Officer at Socket Mobile. “Alexis brings a wealth of SaaS experience and leadership that will be invaluable as we continue to expand and improve our software offerings, including our SocketCam camera scanners and CaptureSDK. His deep connections in Africa and Latin America present exciting opportunities for potential SocketCam usage and deployments in these rapidly growing markets. We look forward to leveraging his expertise to drive innovation and growth across multiple facets of our business.”

Previously, Alexis played a significant role at Coupa in 2014 and Amplitude in 2018, where he helped launch their European markets and successfully guided both companies through their IPOs. Alexis is also actively involved as an investor in various startups, guiding co-founders through pivotal stages of development. His expertise in SaaS, sales, new business development, and product analytics has empowered numerous organizations to achieve measurable results and substantial growth.

With Alexis Hartmann's addition to the Board of Directors, Socket Mobile strengthens its strategic vision and capabilities. His extensive experience in SaaS, combined with his track record of driving companies through successful growth stages, aligns perfectly with Socket Mobile's goals. As the company continues to innovate in data capture solutions, Alexis's insights and connections will be instrumental in expanding into new markets and achieving sustainable growth. The board looks forward to his contributions in guiding Socket Mobile's future.

About Socket Mobile, Inc.

Socket Mobile is a leading provider of data capture and delivery solutions for enhanced productivity in workforce mobilization. Socket Mobile’s revenue is primarily driven by the deployment of third-party barcode-enabled mobile applications that integrate Socket Mobile’s cordless barcode scanners and contactless readers/writers. Mobile Applications servicing the specialty retailer, field service, digital ID, transportation, and manufacturing markets are the primary revenue drivers. Socket Mobile has a network of thousands of developers who use its software developer tools to add sophisticated data capture to their mobile applications. Socket Mobile is headquartered in Fremont, Calif., and can be reached at +1-510-933-3000 or www.socketmobile.com (AU, EMEA, UK). Follow Socket Mobile on LinkedIn, Twitter, and keep up with our latest News and Updates (AU, EMEA, UK).

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, but are not limited to, statements regarding new mobile computer and data collection products, including details on the timing, distribution, and market acceptance of the products and statements predicting trends, sales, market conditions, and opportunities in the markets in which we sell our products. Such statements involve risks and uncertainties, and actual results could differ materially from the results anticipated in such forward-looking statements as a result of a number of factors, including, but not limited to, the risk that our new products may be delayed or not rollout as predicted, if ever, due to technological, market, or financial factors, including the availability of necessary working capital, the risk that market acceptance and sales opportunities may not happen as anticipated, the risk that our application partners and current distribution channels may choose not to distribute the new products or may not be successful in doing so, the risk that acceptance of our new products in vertical application markets may not happen as anticipated, and other risks described in our most recent Form 10-K and 10-Q reports filed with the Securities and Exchange Commission.

Socket Mobile Investor Contact:
Lynn Zhao
Chief Financial Officer
510-933-3016
lynn@socketmobile.com

Socket Mobile is a registered trademark of Socket Mobile. All other trademarks and trade names contained herein may be those of their respective owners.

Cover	Aug. 12, 2024
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Aug. 12, 2024
Entity File Number	001-13810
Entity Registrant Name	SOCKET MOBILE, INC.
Entity Central Index Key	0000944075
Entity Tax Identification Number	94-3155066
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One
Entity Address, City or Town	Fremont
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94538
City Area Code	(510)
Local Phone Number	933-3000
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common stock, $0.001 Par Value per Share
Trading Symbol	SCKT
Security Exchange Name	NASDAQ
Entity Emerging Growth Company	false