0001683168-20-003511.txt : 20201022 0001683168-20-003511.hdr.sgml : 20201022 20201022161506 ACCESSION NUMBER: 0001683168-20-003511 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20201020 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20201022 DATE AS OF CHANGE: 20201022 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Beam Global CENTRAL INDEX KEY: 0001398805 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 208457250 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38868 FILM NUMBER: 201255058 BUSINESS ADDRESS: STREET 1: 5660 EASTGATE DRIVE CITY: SAN DIEGO STATE: CA ZIP: 92121 BUSINESS PHONE: 858-799-4583 MAIL ADDRESS: STREET 1: 5660 EASTGATE DRIVE CITY: SAN DIEGO STATE: CA ZIP: 92121 FORMER COMPANY: FORMER CONFORMED NAME: Envision Solar International, Inc. DATE OF NAME CHANGE: 20100407 FORMER COMPANY: FORMER CONFORMED NAME: Casita Enterprises, Inc. DATE OF NAME CHANGE: 20070508 8-K 1 beam_8k.htm CURRENT REPORT

 

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

 

Date of report (Date of earliest event reported):  October 20, 2020

 

BEAM GLOBAL

(Exact Name of Registrant as Specified in Charter)

 

Nevada 000-53204 26-1342810
(State or other jurisdiction
of incorporation)		 (Commission
File Number)		 (IRS Employer
Identification No.)

 

5660 Eastgate Drive, San Diego, CA   92121
(Address of Principal Executive Offices)   (Zip Code)
     

 

Registrant’s telephone number, including area code: (858) 799-4583

 

Envision Solar International, Inc.

 

(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 (see General Instruction A.2. below):

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
o 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 o

 

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. o

 

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   BEEM   NASDAQ Capital Market
Warrants   BEEMW   NASDAQ Capital Market

 

 

 

 

   

 

 

Item 5.02 Departure of Directors of Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

Changes to Non-Employee Directors’ Compensation

 

In a Board meeting held on October 20, 2020, upon the recommendation of its Compensation Committee, the Board approved the following directors’ compensation for non-employee directors of the Company: (1) a quarterly cash retainer of $5,000 effective on October 1, 2020; (2) an annual grant for $100,000 divided by the average daily closing price of BEEM stock for the preceding year, which will be 12,200 shares for each director for the stock grants on October 20, 2020, to be issued under the plan annually on October 1 going forward and which shall vest quarterly in four (4) equal installments; (3) a payment of $1,000 for attendance in person (or $500 for attendance telephonically) for regularly scheduled board meetings; and (4) to the independent lead director, who is currently Robert C. Schweitzer, an additional annual grant of 40% of the board grant, which will be 4,900 shares for the stock grant on October 20, 2020, to be issued under the Plan annually on October 1 going forward and which shall vest quarterly in four (4) equal installments. All directors are reimbursed for reasonable expenses incurred in connection with attendance at board or committee meetings.

 

Item 9.01.  Financial Statements and Exhibits.

 

  (d)  Exhibits

 

Exhibit

Number

   Description
10.1   Non-Employee Directors’ Compensation dated October 20, 2020

 

 

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.

 

  Beam Global
     
Dated:  October 22, 2020 By: /s/ Katherine H. McDermott
  Name: Katherine H. McDermott
  Title: Chief Financial Officer

 

 

 

 

 

 

 2 

 

 EX-10.1 2 beam_ex1001.htm NON-EMPLOYEE DIRECTORS' COMPENSATION DATED OCTOBER 19, 2020

Exhibit 10.1

 

Envision Solar International, Inc.

Non-Employee Directors’ Compensation

Effective October 20, 2020

 

 

 

In a Board meeting held on October 20, 2020, upon the recommendation of its Compensation Committee, the Board approved the following directors’ compensation for non-employee directors of the Company: (1) a quarterly cash retainer of $5,000 effective on October 1, 2020; (2) an annual grant for $100,000 divided by the average daily closing price of BEEM stock for the preceding year, which will be 12,200 shares for each director for the stock grants on October 20, 2020, to be issued under the plan annually on October 1 going forward and which shall vest quarterly in four (4) equal installments; (3) a payment of $1,000 for attendance in person (or $500 for attendance telephonically) for regularly scheduled board meetings; and (4) to the independent lead director, who is currently Robert C. Schweitzer, an additional annual grant of 40% of the board grant, which will be 4,900 shares for the stock grant on October 20, 2020, to be issued under the Plan annually on October 1 going forward and which shall vest quarterly in four (4) equal installments. All directors are reimbursed for reasonable expenses incurred in connection with attendance at board or committee meetings.