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
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Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbol(s) | Name of each exchange on which registered | ||
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Effective January 1,2024, the Company’s Board of Directors (the “Board”) appointed Jane Casanta to the Board to fill the vacancy resulting from the resignation of Timothy Triplett and to serve the unexpired term of Mr. Triplett. Ms. Casanta was not appointed to any committee of the Board.With respect to fiscal year 2024, Ms. Casanta was granted cash compensation of $20,000 and an option (the “option”) to purchase 40,000 shares of the Company’s Common Stock at an exercise price of $0.69 per share which was the closing price on the Nasdaq Stock Market on December 29,2023, the most recent trading day. The Option is for a term of seven years and vests quarterly over 12 quarters.
| Item 8.01 | Other Events |
On January 4, 2024, the Company issued a press release announcing the appointment of .Jane Casanta to the Company’s Board of Directors. A copy of the press release is filed as Exhibit 99.1 to this Current Report and is incorporated by reference.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit No. | Description | |
99.1 |
Press Release regarding the appointment of Jane Casanta to to the Company’s Board of Directors | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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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: January 4, 2024 | SACKS PARENTE GOLF, INC. | |
| By: | /s/ Steve Handy | |
Steve Handy Chief Financial Officer | ||
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