0001213900-19-002697.txt : 20190215 0001213900-19-002697.hdr.sgml : 20190215 20190215152732 ACCESSION NUMBER: 0001213900-19-002697 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20190215 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20190215 DATE AS OF CHANGE: 20190215 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Arcimoto Inc CENTRAL INDEX KEY: 0001558583 STANDARD INDUSTRIAL CLASSIFICATION: MOTORCYCLES, BICYCLES & PARTS [3751] IRS NUMBER: 261449404 STATE OF INCORPORATION: OR FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38213 FILM NUMBER: 19611276 BUSINESS ADDRESS: STREET 1: 544 BLAIR BLVD CITY: EUGENE STATE: OR ZIP: 97402 BUSINESS PHONE: 541-683-6293 MAIL ADDRESS: STREET 1: 544 BLAIR BLVD CITY: EUGENE STATE: OR ZIP: 97402 8-K 1 f8k021519_arcimoto.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): February 15, 2019

 

 

 

ARCIMOTO, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Oregon

 

(State or other jurisdiction of incorporation)

 

001-38213   26-1449404
(Commission File Number)   (IRS Employer
    Identification No.)

 

2034 West 2nd Avenue, Eugene, OR 97402

(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code (541) 683-6293

 

___________________________________________________________

(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:

 

  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 7.01 Regulation FD Disclosure.

On February 15, 2019, the Company issued a press release announcing its three-wheeled electric vehicle fleet for first responders and pilot programs for the vehicles in various cities. A copy of this press release is filed as Exhibit 99.1 hereto and is incorporated herein by reference.

 

In accordance with General Instruction B.2 of Form 8-K, the information in this Item 7.01, including Exhibit 99.1 attached hereto, shall be deemed “furnished” and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

 

Caution With Respect To Forward-looking Statements:

 

The information in the press release includes certain “forward-looking statements.” Except for historical information, all of the statements, expectations, and assumptions contained in the press release are forward-looking statements. Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in the forward-looking statements due to numerous factors discussed from time to time in documents which we file with the SEC. In addition, such statements could be affected by risks and uncertainties related to, among other things: our ability to effectively execute on our business plan and growth strategy; our ability to design, manufacture and market vehicle models within projected timeframes given that a vehicle consists of several thousand unique items and we can only go as fast as the slowest item; our inexperience to date in manufacturing vehicles at the high volumes that we anticipate; our dependence on suppliers; our ability to manage the distribution channels for our products, including our ability to successfully implement our rental strategy, direct to consumer distribution strategy and any additional distribution strategies we may deem appropriate; our ability to maintain quality control over our vehicles and avoid material vehicle recalls; changes in consumer demand for, and acceptance of, our products: changes in the competitive environment, including adoption of technologies and products that compete with our products; the overall strength and stability of general economic conditions and of the automotive industry more specifically; changes in laws or regulations governing our business and operations; the number of reservations and cancellations for our vehicles and our ability to deliver on those reservations; and unforeseen or recurring operational problems at our facility, or a catastrophic loss of our manufacturing facility. Any forward-looking statements speak only as of the date on which they are made, and except as may be required under applicable securities laws, we do not undertake any obligation to update any forward-looking statements.

 

Item 9.01. Exhibits.

(d)       Exhibits

Exhibit No. Description
99.1 Press Release dated February 15, 2019 (furnished only)

 

 2 
 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

  ARCIMOTO, INC.
   
Date: February 15, 2019 By:  /s/ Douglas M. Campoli
    Douglas M. Campoli
Chief Financial Officer

 

 3 
 

EX-99.1 2 f8k021519ex99-1_arcimoto.htm PRESS RELEASE DATED FEBRUARY 15, 2019

 

 Exhibit 99.1

 

Arcimoto Introduces Three-Wheeled Electric Vehicle Fleet For First Responders

Built on the Arcimoto platform, the pure-electric Rapid Responder aims to provide specialized emergency, security and law enforcement services at a fraction of the economical and ecological cost of traditional ICE vehicles.

 

EUGENE, Ore., February 15, 2019 Arcimoto, Inc.® (NASDAQ: FUV) unveiled the Rapid Responder, a pure electric three-wheeled vehicle designed for first responders to efficiently and more quickly reach emergencies, as well as for security and law enforcement applications.

 

Arcimoto also announced that it has agreed in principle to test the Rapid Responder Fleet in pilot programs with the City of Eugene, the Eugene Springfield Fire Department, and the city of Eastvale, California. Arcimoto anticipates that the first production Rapid Responders will be delivered in 2020.

 

“Arcimoto’s ultra-efficient three-wheeled platform offers real advantages for rapid response applications. We believe that its small-footprint, maneuverability, and instant torque will allow first responders to more quickly move through congested urban cores during emergencies, and its extraordinary efficiency will help fleets meet their long term emissions goals,” said Mark Frohnmayer, President of Arcimoto. “More than anything, we are excited to create a vehicle that helps save lives.”

 

“This pilot program is about finding the right tool for the job. In addition to our current fleet of engines, we see the advantage of a highly-efficient, small-footprint vehicle to help with low acuity calls, and the potential to reduce operational costs, while being better for the environment,” said Fire Chief Joe Zaludek of Eugene Springfield Fire. “We also think the Rapid Responder will have the added benefit of being a real hit at the annual Christmas Light Firetruck Parade.”

 

“The City of Eastvale is excited to test this vehicle for a number of reasons,” said Bryan Jones, City Manager of Eastvale, CA. “They are electric, quiet, and air-quality friendly, which is important for the greater Inland Empire Basin. They can be run on solar power from Southern California’s plentiful sunshine, and they don’t require us to fill up on gas, so it will reduce operating costs. I could see these would be great for first responders during special events or medical calls when a fire engine may not be required.”

 

For more information, visit www.arcimoto.com/rapid-responder. Click here for Arcimoto Rapid Responder Press Assets.

 

About Arcimoto, Inc.

Headquartered and manufactured in Eugene, Oregon, Arcimoto, Inc. (NASDAQ: FUV) is devising new technologies and patterns of mobility that together raise the bar for environmental efficiency, footprint and affordability. Available for pre-order today, Arcimoto’s Fun Utility Vehicle is one of the lightest, most affordable, and most appropriate electric vehicles suitable for the daily driver. For more information, please visit www.arcimoto.com.

 

Safe Harbor / Forward-Looking Statements

Except for historical information, all of the statements, expectations, and assumptions contained in this press release are forward-looking statements. Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions and, include, without limitation, our expectations as to Evergreen deliveries, the establishment of our service and delivery network and our expected rate of production. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in the forward-looking statements due to numerous factors discussed from time to time in documents which we file with the SEC. In addition, such statements could be affected by risks and uncertainties related to, among other things: our ability to effectively execute on our business plan and growth strategy; our ability to design, manufacture and market vehicle models within projected timeframes given that a vehicle consists of several thousand unique items and we can only go as fast as the slowest item; our inexperience to date in manufacturing vehicles at the high volumes that we anticipate; our dependence on suppliers; our ability to manage the distribution channels for our products, including our ability to successfully implement our rental strategy, direct to consumer distribution strategy and any additional distribution strategies we may deem appropriate; our ability to maintain quality control over our vehicles and avoid material vehicle recalls; changes in consumer demand for, and acceptance of, our products: changes in the competitive environment, including adoption of technologies and products that compete with our products; the overall strength and stability of general economic conditions and of the automotive industry more specifically; changes in laws or regulations governing our business and operations; the number of reservations and cancellations for our vehicles and our ability to deliver on those reservations; and unforeseen or recurring operational problems at our facility, or a catastrophic loss of our manufacturing facility. Any forward-looking statements speak only as of the date on which they are made, and except as may be required under applicable securities laws, we do not undertake any obligation to update any forward-looking statements.

 

 

Investor Relations Contact:

Greg Falesnik

Managing Director

MZ Group – MZ North America

Main: 949-385-6449

investor@arcimoto.com

 

Public Relations Contact:

Susan Donahue

Managing Director

Skyya Communications

Main: 646-454-9378

pr@arcimoto.com

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