8-K

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): December 14, 2020

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 (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)).

Securities registered pursuant to Section(b) of the Act:

       Title of Each Class                    Trading Symbol(s)                  Name of Each Exchange on Which Registered

Common Stock, $0.01 par value             CPSH                                        NASDAQ Capital Markets

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 Appointment of Certain Officers

On December 14, 2020, CPS Technologies Corporation announced the appointment of Michael E. McCormick II to the newly created position of Chief Operating Officer.

The press release announcing this appointment is attached hereto as Exhibit 99.

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 Corporation (Registrant)
Date:  December 15, 2020	/s/ Charles K. Griffith, Jr. Charles K. Griffith Jr. Chief Financial Officer

EXHIBIT INDEX

EXHIBIT NUMBER	DESCRIPTION
99	Press release dated December 14, 2020 of CPS Technologies Corporation announcing the appointment of Michael E. McCormick as Chief Operating Officer.

EX-99

 

CPS Technologies Corporation                                                                                 
Chuck Griffith, Chief Financial Officer                                             
111 South Worcester Street                                                                        
Norton, MA 02766
Telephone: (508) 222-0614
Web Site:  www.alsic.com 

Michael E. McCormack II joins CPS Technologies Corporation as

Chief Operating Officer

Norton, Massachusetts, December 14, 2020. CPS Technologies Corporation (NASDAQ: CPSH) today announced that Michael E. McCormack II is joining CPS in the newly created position of Chief Operating Officer (COO), effective January 4, 2021.

Grant Bennett, CEO indicated, “The CPS Board of Directors has been conducting a search for a chief operating officer with the track record of accelerating growth, forming partnerships with customers to create new products, and taking new technology into the marketplace.  Michael fits the bill perfectly – we are delighted he is joining CPS.  

CPS today has a compelling and impressive pipeline of opportunities; most of which are in the early stages of commercialization and market penetration.    Michael brings the skills, the drive, and the mindset to accelerate the commercialization and growth of these opportunities.”

Michael McCormack indicated, “I am excited to join CPS where my background in business development and new product expansion is so closely aligned with CPS’ strategic direction, and the opportunities CPS is pursuing.”

Michael joins CPS from AirBoss Defense Group where he was an Executive Vice President responsible for delivering urgently needed Personal Protective Equipment (PPE) to Federal agencies to combat COVID-19.  AirBoss Defense Group previously merged with Critical Solutions International where Michael was CEO.  Prior to that, Michael was the Executive Vice President for Mission Solutions Group responsible for Strategy and Mergers & Acquisitions.  After Mission Solutions Group purchased Marshall Communications Corporation Michael also served as President of Marshall Communications Corporation.

A native of Massachusetts, earlier in his career he was a program manager at General Dynamics Communications Systems in Taunton, Massachusetts, Senior Business Development Manager at Foster-Miller, Inc. of Waltham Massachusetts, and Executive Vice President, Land Systems Division of QinetiQ North America.   He has also held several senior leadership positions in the Massachusetts Army National Guard.

At Foster-Miller and QinetiQ, Michael led the effort to take developments in armor and robotics out of the laboratory, create real products addressing real problems, and build revenue streams of hundreds of millions of dollars.   At Mission Solutions Group, Marshall Communications Corporation and Critical Solutions International, Michael identified opportunities, created partnerships, identified and led mergers and acquisitions, and very successfully sold, marketed, built and specified products into the defense, aerospace and communications markets; these are markets in which CPS has a growing presence.    

Michael has a BS degree in Engineering from the US Military Academy at West Point, and master’s degrees from the National Defense University in Washington DC, and the Sawyer School of Management at Suffolk University in Boston.

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.

Safe Harbor
Statements made in this document that are not historical facts or which apply prospectively, including those relating to 2020 financial results, are forward-looking statements that involve risks and uncertainties. These forward-looking statements are identified by the use of terms and phrases such as "will," "intends," "believes," "expects," "plans," "anticipates" and similar expressions. Investors should not rely on forward looking statements because they are subject to a variety of risks and uncertainties and other factors that could cause actual results to differ materially from the company's expectation. Additional information concerning risk factors is contained from time to time in the company's SEC filings, including its Annual Report on Form 10-K and other periodic reports filed with the SEC. Forward-looking statements contained in this press release speak only as of the date of this release. Subsequent events or circumstances occurring after such date may render these statements incomplete or out of date. The company expressly disclaims any obligation to update the information contained in this release.