SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 2, 2020
TOUGHBUILT INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
or other jurisdiction
25371 Commercentre Drive, Suite 200
Lake Forest, CA
(Address of principal executive offices)
(Registrant’s telephone number, including area code)
(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))|
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).
[X] 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:
|Title of each class:||Trading Symbol(s)||Name of each exchange on which registered:|
|Common stock||TBLT||NASDAQ CAPITAL MARKET|
|Series A Warrants||TBLTW||NASDAQ CAPITAL MARKET|
Item 5.02 Departure of an Executive Officer; Appointment of an Executive Officer.
Effective July 2, 2020, Jolie Kahn has resigned as the Interim Chief Financial Officer of ToughBuilt Industries, Inc. (the “Company”) to focus on her legal practice.
Also, effective July 2, 2020, Martin Galstyan has been appointed as Interim Chief Financial Officer of the Company. Mr. Galstyan, age 34 joined the Company in 2012 as account manager and became controller of the Company in 2014. Mr. Galstyan set up the ERP system (Enterprise Resource Planning) for the Company and EDI (Electronic Data Interchange) for the Company’s big box retailers.
Mr. Galstyan has Bachelor’s in Accounting from Woodbury University in California.
There are no family relationships between Mr. Galstyan and any officer or director of the Company. Compensation arrangements will be disclosed in a separate 8-K once determined.
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.
|TOUGHBUILT INDUSTRIES, INC.|
|Date: July 8, 2020||By:||/s/ Michael Panosian|
|Title:||Chief Executive Officer|