Form 8-K VISION HYDROGEN Corp For: May 12

 

 

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): May 12, 2021

 

 

VISION HYDROGEN CORPORATION

(Exact name of registrant as specified in its charter)

 

Nevada		000-55802		47-4823945
(State or Other Jurisdiction		(Commission		(IRS Employer
of Incorporation)		File Number		Identification No.)

 

95 Christopher Columbus Drive, 16^th Floor, Jersey City, NJ 07302

(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code: (551) 298-3600

 

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))

 

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. ☐

 

Securities registered pursuant to Section 12(b) of the Act: None

 

 

 

Vision Hydrogen Corporation is referred to herein as “we”, “our, or “us”.

 

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

 

Director Appointments

 

Effective May 12, 2021, our Board of Directors approved the appointments of Michael A. Doyle and Charles F. Benton as independent directors.

 

Mr. Doyle, 67, served as our director from 2017 to 2020 and was a key executive for Comcast Corporation for over 25 years where he served as the President of the largest division of the multi-billion dollar Comcast Cable group representing over 18,000 employees. Mr. Doyle has been recognized by the National Cable Television Association with induction into its prestigious Cable Pioneers organization. He has also served as Chairman of the Management Board for New England Cable News. Mr. Doyle has received the Distinguished Communications Award for Excellence in Journalism from the International Association of Business Communicators. Mr. Doyle received his B.A. from Drew University where he is also a member of their Athletic Hall of Fame.

 

Mr. Benton, 69, served as our director from 2017 to 2020 and has over 30 years of experience in finance, operations and business development with major corporations. Formerly, he directed the distribution services and supply chain for Ascena Retail Group, Inc., which is a leading national specialty retailer of women’s apparel operating over 1,800 retail stores in the United States. Mr. Benton also worked 20 years for Consolidated Rail Corporation (CONRAIL) where he was responsible for finance, operations and business development. Mr. Benton is a graduate of St. Joseph’s University with a B.S. degree in Accounting.

 

Compensatory Arrangement of Directors

 

Mr. Doyle and Mr. Benton each will be compensated with a fixed fee of $5,000 per quarter and an initial grant of 2,500 shares of our common stock upon accepting their positions followed by an additional grant of 2,500 shares of our common stock six (6) months after they have accepted their positions.

 

Item 8.01 Other Events.

 

On May 12, 2021, the Company issued a press release announcing the appointments of Mr. Doyle and Mr. Benton. The press release is attached hereto as Exhibit 99.1.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

99.1

Press Release

 

 

SIGNATURE

 

Pursuant to the requirement 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.

 

	VISION HYDROGEN CORPORATION
Date: May 12, 2021	By:	/s/ ANDREW HIDALGO
		Andrew Hidalgo
		Chief Executive Officer

 

 

 

 

 

Exhibit 99.1

 

Vision Hydrogen Appoints Two Independent Directors

 

Jersey City, New Jersey, May 12, 2021 (GLOBE NEWSWIRE) - Vision Hydrogen Corporation (OTCQB-VIHD) is pleased to announce the appointment of Michael A. Doyle and Charles F. Benton to the board of directors.

 

For over 25 years, Mr. Doyle was a key executive for Comcast Corporation where he was the President of the largest division of the multi-billion dollar Comcast Cable group representing over 18,000 employees. Mr. Doyle has been recognized by the National Cable Television Association with induction into its prestigious Cable Pioneers organization. He has also served as chairman of the management board for New England Cable News. Mr. Doyle has received the Distinguished Communications Award for Excellence in Journalism from the International Association of Business Communicators. Mr. Doyle received his B.A. from Drew University where he is also a member of their Athletic Hall of Fame.

 

With over 30 years of experience in finance, operations and business development with major corporations, Mr. Benton formerly directed the distribution services and supply chain for Ascena Retail Group, Inc., which is a leading national specialty retailer of women’s apparel operating over 1,800 retail stores in the United States. Mr. Benton also worked 20 years for Consolidated Rail Corporation (CONRAIL) where he was responsible for finance and operations. Mr. Benton is a graduate of St. Joseph’s University with a B.S. degree in Accounting.

 

Andrew Hidalgo, CEO of Vision Hydrogen Corporation, commented “We are very pleased to add both Mike Doyle and Charlie Benton to our board of directors. They are seasoned professionals with many years of experience in public company directorships. Their understanding of corporate governance will help guide the company as we look to expand through internal growth and acquisitions while planning for an up listing to the NASDAQ Capital Market in the future once we meet the qualifications.”

 

About Vision Hydrogen

 

Vision Hydrogen Corporation is focused on hydrogen production for transportation and power requirements with a goal of contributing to a clean energy environment. Our commitment is to provide the highest quality hydrogen production, storage and distribution services for the hydrogen economy supply chain, serving the residential, commercial and government sectors.

 

Contact

 

Vision Hydrogen Corporation / Investor Relations

95 Christopher Columbus Drive, 16^th Floor

Jersey City, NJ 07302

551-298-3600 USA

www.visionh2.com

 

Forward Looking Statements:

 

Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimate,” “expect,” and “intend,” among others. These forward-looking statements are based on current expectations and actual results could differ materially. The Company does not undertake an obligation to update or revise any forward-looking statement. The information set forth herein speaks only as of the date hereof.

 

 

 

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