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): June 21, 2018
CPS TECHNOLOGIES CORP.
(Exact Name of Registrant as Specified in its Charter)
| Delaware | 0-16088 | 04-2832509 |
|
(State or other jurisdiction of incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
111 South Worcester Street, Norton, Massachusetts |
02766 | |
| (Address of principal executive offices) | (Zip Code) | |
| Registrant`s telephone number, including area code | 508-222-0614 | |
| (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):
[ ] 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 (17CFR 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 June 21, 2018, Francis J. Hughes, Jr. was elected as Chairman of the Board of Directors of CPS Technologies Corporation, effective immediately. A copy of the press release announcing his election is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01: Exhibits
(d) Exhibits.
| Exhibit | Description |
|---|---|
| 99.1 | Press Release announcing election dated June 21, 2018 |
SIGNATURE
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 thereunto duly authorized.
| CPS
Technologies Corp. (Registrant) | |
| Date: June 22, 2018 | /s/ Ralph
M. Norwood Ralph M. Norwood Chief Financial Officer (CFO) |
CPS TECHNOLOGIES CORPORATION ANNOUNCES ELECTION OF FRANCIS J. HUGHES, Jr., AS CHAIRMAN OF THE BOARD OF DIRECTORS
CPS Technologies Corporation
Ralph Norwood, Chief Financial Officer
111 South Worcester Street
Norton, MA 02766
Telephone: (508) 222-0614
Web Site: www.alsic.com
Norton, Massachusetts, June 21, 2018. CPS Technologies Corporation (NASDAQ:CPSH) today announced its Board of Directors has elected Francis J. Hughes, Jr. as Chairman of the Board, effective immediately.
Grant Bennett, President and CEO, said: “We have a very active, fully-engaged Board of Directors, and the election of a chairman of the Board will both strengthen our corporate governance and facilitate the Board more deeply tapping into the expertise of individual Board members to accelerate progress on our strategic plan.”
Mr. Hughes has served as President of American Research and Development Corporation (“ARD”), a venture capital firm, since 1992. ARD owns 17% of the Company’s shares. Mr. Hughes joined ARD’s predecessor organization in 1982, and became Chief Operating Officer of that entity in 1990. Prior to joining ARD, Mr. Hughes was a consultant at The Boston Consulting Group, a Boston based management consulting firm. Mr. Hughes has co-founded and served as a General Partner of many venture capital funds. Throughout his career, Mr. Hughes has served in management roles, including chairman, CEO and CFO in non-financial companies, both public and private. Mr. Hughes has a S.B. and M.S. from the Massachusetts Institute of Technology and an M.B.A from the Harvard Business School.
About CPS
CPS Technologies Corporation is a global leader in producing metal-matrix composite components used to improve the reliability
and performance of various electrical systems. CPS products are used in motor controllers for hybrid and electric vehicles,
high-speed trains, subway cars and wind turbines. They are also used as heatspreaders in internet switches, routers and high-performance
microprocessors. CPS also develops and produces metal-matrix composite armor.