UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event reported):
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
(Address of principal executive offices)
(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 of 1933 (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(e) 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 | ||
| N/A | N/A | N/A |
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 1.01 | Entry into a Material Definitive Agreement |
Pursuant to an Officer Agreement between Clickstream Corporation (the “Company”) and Michael Handelman (“Executive”), effective December 1, 2021, Executive was appointed the Company’s Chief Financial Officer. The Agreement is for a term of one year with automatic renewals for successive one year periods unless terminated prior to the beginning of an applicable renewal period. The employment is exclusive subject to certain specified exceptions. Executive will be paid $2,000 worth of restricted shares of the Company’s Common Stock each month with the number of shares to be based on dividing $2,000 by the trailing 30 day volume average price per share (VWAP). Additionally, Executive will receive $4,000 per month during the term of the Agreement.
Michael Handelman, age 62, was appointed Chief Financial Officer of GT Biopharma, Inc. on November 13, 2020 and left the Company in November 2021. Mr. Handelman is Chairman of the Board of Directors and Secretary of Winners Inc. formerly known as GoooGreen, Inc. through its operating subsidiary VegasWINNERS, Inc. which is engaged in the business of sports gambling research, data, advice, analysis and predictions utilizing all available media, advertising formats and its database of users. He previously served as Chief Financial Officer of Clickstream Corporation from October 2015 till November 2020. He served as Chief Financial Officer of Lion Biotechnologies, Inc. now known as Iovance Biotherapeutics from February 2011 until June 2015, and was a member of the Lion Bio Board of Directors from February 2013 until May 2013. Mr. Handelman served as the Chief Financial Officer and as a financial management consultant of Oxis International, Inc., a public company engaged in the research, development and commercialization of nutraceutical products, from August 2009 until October 2011. From November 2004 to July 2009, Mr. Handelman served as Chief Financial Officer and Chief Operating Officer of TechnoConcepts, Inc., formerly a public company engaged in designing, developing, manufacturing and marketing wireless communications semiconductors, or microchips. Prior thereto, Mr. Handelman served from October 2002 to October 2004 as Chief Financial Officer of Interglobal Waste Management, Inc., a manufacturing company, and from July 1996 to July 1999 as Vice President and Chief Financial Officer of Janex International, Inc., a children’s toy manufacturer. Mr. Handelman was also the Chief Financial Officer from 1993 to 1996 of the Los Angeles Kings, a National Hockey League franchise. Mr. Handelman is a certified public accountant and holds a degree in accounting from the City University of New York.
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
Reference is made to the discussion in Item 1.01, which is hereby incorporated by reference.
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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.
| Date: December 6, 2021 | CLICKSTREAM CORPORATION | |
| By: | /s/ FRANK MAGLIOCHETTI | |
| Frank Magliochetti Chief Executive Officer | ||
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Cover |
Dec. 01, 2021 |
|---|---|
| Cover [Abstract] | |
| Document Type | 8-K |
| Amendment Flag | false |
| Document Period End Date | Dec. 01, 2021 |
| Entity File Number | 000-52944 |
| Entity Registrant Name | CLICKSTREAM CORPORATION |
| Entity Central Index Key | 0001393548 |
| Entity Tax Identification Number | 46-5582243 |
| Entity Incorporation, State or Country Code | NV |
| Entity Address, Address Line One | 8549 Wilshire Blvd. |
| Entity Address, Address Line Two | Suite 2181 |
| Entity Address, City or Town | Beverly Hills |
| Entity Address, State or Province | CA |
| Entity Address, Postal Zip Code | 90211 |
| City Area Code | (213) |
| Local Phone Number | 205-0684 |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Entity Emerging Growth Company | false |