Form 8-K FTE Networks, Inc. For: Aug 24

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): August 24, 2016

 

FTE NETWORKS, INC.
(Exact name of registrant as specified in its charter)

 

Nevada		000-31355		81-0438093
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

 

999 Vanderbilt Beach Rd, Suite 601 Naples, FL		34108
(Address of principal executive offices)		(Zip Code)

 

877-878-8136

(Registrant’s telephone number, including area code)

 

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))

 

 

 

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

 

On July 28, 2016, the Board of Directors of FTE Networks, Inc. (the “Company”) approved the appointment of Michael Bonewitz as the Company’s Chief Technology Officer commencing on August 24, 2016 and has replaced Carlie Ancor who will transition into a new role supporting the Company’s major account sales strategy.

 

Mr. Bonewitz has over 20 years of senior management experience in communications network engineering and information technology industries developing cutting edge capabilities via advanced IT automation and data analytics driving operational and financial performance. Prior to FTE, he was VP of Strategy and Product Development for Cloud services, Fiber engineering and construction at Nexius where he developed and launched the company’s first fiber deployment program supporting multiple Tier 1 service providers in the US. He also led the company strategy and participation into Open Compute Project (OCP) as a Platinum member and as an original member of Facebook’s Telcom Infra Project (TIP). He has held previous technology and engineering leadership positions with Ericsson, Zayo and Level 3.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit		No. Description		Location
99.1		Press Release		Filed herewith

 

 

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.

 

	FTE NETWORKS, INC.
	By:	/s/ Michael Palleschi
		Michael Palleschi
		Chief Executive Officer

 

Date: August 24, 2016

 

 

FTE Networks Announces Leadership Changes to Accelerate

Innovation in Data Center & Compute to the Edge Services

 

Appoints Mike Bonewitz as Chief Technology Officer

 

NAPLES, FL— (August 24, 2016) - FTE Networks, Inc. (OTCQX: FTNW) (“FTE” or the “Company”), a leading network infrastructure solutions provider in technology and communications industries, today announced leadership changes to accelerate innovation, enhance customer-centric services and drive FTE into a new phase of growth. Effective August 24, Mike Bonewitz will assume the role of Chief Technology Officer (CTO) where he will be responsible for developing and driving the next generation business of data center and Compute-to-the-Edge (CTTE) services. Bonewitz replaces Carlie Ancor, who will transition into supporting the company’s major accounts sales strategy.

 

“Compute to the Edge is the next frontier where mobility, data analytics, social media and cloud converges, especially as the Internet of Things (IoT) and decentralized workforces continue to grow,” said Mr. Bonewitz. “I look forward to helping transform FTE into an even more disruptive services provider by accelerating open and partner-focused solutions with traditional, hyperscale and hyperconverged customers.”

 

Michael Palleschi, FTE Networks (FTNW) Chairman and Chief Executive Officer, commented, “Mike Bonewitz has a long track record driving operational and financial performance in communications companies and networks. His tremendous experience in data centers and CTTE services will help advance our company to the next level and further ensure our success.”

 

Prior to Joining FTE, Mr. Bonewitz held multiple leadership positions in communications network engineering and information technology companies, developing cutting-edge capabilities via advanced IT automation and data analytics driving operational and financial performance. Most recently, Mike was VP of Strategy and Product Development for Cloud services, Fiber engineering and construction at Nexius, where he developed and launched the company’s first fiber deployment program supporting multiple Tier 1 service providers in the US. He also led the company strategy and participation into Open Compute Project (OCP) as a Platinum member and as an original member of Facebook’s Telcom Infra Project (TIP). He has held previous technology and engineering leadership positions focused on NFV/SDN, Network Optimization and integration with Ericsson, Zayo and Level 3. Mike holds a BS in Engineering from University of Colorado.

 

About FTE Networks, Inc.

 

FTE Networks, Inc. (FTNW), and its wholly owned subsidiaries, is a leading international networking infrastructure solutions company. We design, build, and support telecommunications and technology systems and infrastructure services for companies including Fortune 500 operating four (4) industry segments; Data Center Infrastructure, Fiber Optics, Wireless Integration, and Surveillance & Security. FTE Networks is headquartered in Naples, Florida, with offices throughout the United States and Europe. For more information please visit: www.ftenet.com

 

Forward Looking Statements

 

This release may contain forward-looking statements relating to the business of FTE. All statements other than historical facts are forward-looking statements, which can be identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions. These statements involve risks and uncertainties that may cause actual results to differ materially from those anticipated, believed, estimated or expected. These risks and uncertainties are described in detail in our filings with the Securities and Exchange Commission. Forward-looking statements are based on FTE’s current expectations and beliefs concerning future developments and their potential effects on FTE. There is no assurance that future developments affecting FTE will be those anticipated by FTE. FTE undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

 

 

Contacts:

 

FTE Networks, Inc.

Kirstin Gooldy, CCO & IR
999 Vanderbilt Beach Rd., Suite 601
Naples, FL 23108
(877) 850-4308
[email protected]
OTCQX:FTNW

 

Investor Relations:
Natalya Rudman
Crescendo Communications, LLC
(212) 671-1020, Ext: 304
mailto:[email protected]@crescendo-ir.com

 

 

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