Current Report Filing (8-k)
25 1월 2022 - 6:32AM
Edgar (US Regulatory)
0001328792
false
0001328792
2022-01-24
2022-01-24
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities
and Exchange Act of 1934
Date of Report (Date of earliest event reported):
January 24, 2022
TECHPRECISION CORPORATION
(Exact Name of Registrant as Specified in Charter)
Delaware
|
|
000-51378
|
|
51-0539828
|
(State or Other Jurisdiction
of Incorporation or Organization)
|
|
(Commission File Number)
|
|
(IRS Employer Identification No.)
|
1 Bella Drive
Westminster, MA 01473
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(978) 874-0591
Securities registered or to be registered pursuant to Section 12(b)
of the Act:
Title of each class
|
|
Trading Symbol(s)
|
|
Name of each exchange on which registered
|
N/A
|
|
N/A
|
|
N/A
|
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))
|
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 January 24, 2022 (the “Grant
Date”), the board of directors (the “Board”) of TechPrecision Corporation (the “Company”),
in recognition of their special efforts in completing the previously disclosed acquisition of Stadco, granted (a) 10,000 shares of restricted
stock under the Company’s 2016 Equity Incentive Plan and (b) a cash award of $35,000, to each of Alexander Shen, the Company’s
chief executive officer, and Thomas Sammons, the Company’s chief financial officer. The shares of restricted stock fully vest and
cease to be subject to forfeiture on January 24, 2023 (the “Vesting Date”), one year following the Grant Date. Each
grantee must be serving as an executive officer on the Vesting Date and must have been continuously serving in such capacity from the
Grant Date through the Vesting Date for the shares of restricted stock to vest. Prior to the Vesting Date, the grantee is not permitted
to sell, transfer, pledge, assign or otherwise encumber the shares of restricted stock and if the grantee’s service with the Company
terminates prior to the Vesting Date, the grantee’s restricted stock will be forfeited automatically, subject to certain exceptions.
While any share of restricted
stock remains subject to restriction, the grantee will have the right to vote the shares of restricted stock, but will not have the right
to receive any cash distributions or dividends prior to the Vesting Date. If any cash distributions or dividends are payable with respect
to the shares of restricted stock, the Board, in its sole discretion, may require the cash distributions or dividends to be subjected
to the same vesting period as is applicable to the shares of restricted stock with respect to which such amounts are paid, or, if the
Board so determines, reinvested in additional shares of restricted stock to the extent shares are available under the 2016 Equity Incentive
Plan. The grantee shall not be entitled to interest with respect to any dividends or distributions subject to the vesting period. Any
distributions or dividends paid in the form of securities with respect to shares of restricted stock will be subject to the same terms
and conditions as the restricted stock with respect to which they were paid, including, without limitation, the same restriction period.
The awards were granted pursuant
to a stock option award agreement, the form of which is filed herewith as Exhibit 10.1 and incorporated herein by reference.
Item 9.01
|
Financial Statements and Exhibits
|
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.
|
TECHPRECISION CORPORATION
|
|
|
Date: January 24, 2022
|
By:
|
/s/ Thomas Sammons
|
|
Name:
|
Thomas Sammons
|
|
Title:
|
Chief Financial Officer
|
Techprecision (QB) (USOTC:TPCS)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
Techprecision (QB) (USOTC:TPCS)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024
Techprecision Corporation (QB) (OTC 시장)의 실시간 뉴스: 최근 기사 0
More Techprecision Corp News Articles