8-K: Current report filing
Published on January 26, 2011
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): January 21, 2011
CommerceTel
Corporation
(Exact
name of registrant as specified in its charter)
|
Nevada
|
000-53851
|
26-3439095
|
|
(State
or Other Jurisdiction
|
(Commission
File
|
(I.R.S.
Employer
|
|
of
Incorporation)
|
Number)
|
Identification
Number)
|
8929 Aero
Drive, Suite E
San Diego, CA
92123
(Address
of principal executive offices) (zip code)
(866)622-4261
(Registrant’s
telephone number, including area code)
4600
Lamont Street #4-327
San Diego, CA 92109-3535
(Former
name or former address, if changed since last report)
Copies
to:
Louis A.
Brilleman, Esq.
1140
Avenue of the Americas, 9th
Floor
New York,
New York 10036
Phone:
(212) 584-7805
Fax:
(646) 380-6899
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):
| o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| o | 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.
|
(d) Effective
January 21, 2011, the Board of Directors (the “Board”) of CommerceTel
Corporation (the “Company”) elected John R. Harris to fill one of the existing
vacancies on the Company’s Board.
From 2006
to 2009, Mr. Harris was President and CEO of eTelecare Global Solutions; a
business process outsourcing (“BPO”) company delivering technical support,
sales, and customer care services to the Fortune 1000 market. In that
capacity, he successfully led the company’s IPO, privatization and ultimate
merger in 2009 that created a $1 billion BPO services company. From
2003 to 2005, he was President and CEO of Seven World Wide, a $400 million
private equity backed Marketing Services BPO Company with operations in North
America and the United Kingdom. During his tenure he restructured the company,
disposed of non-core assets, right sized the cost structure, and shifted the
focus to profitable growth areas. Mr. Harris led the sale of the company
doubling shareholder value for the investors. Prior thereto, Mr.
Harris spent 25 years Electronic Data Systems (EDS) in a number of senior
executive positions and was a significant contributor to the growth of the
company as it scaled from $100 million dollars in revenue to approximately $19
billion at the time of his departure in 1999.
Mr.
Harris graduated from the University of West Georgia with a BBA and MBA and is
on the Board of Advisors to the Richardson School of Business. He has
held board positions with a number of public and private telecommunications and
technology services companies, and he currently sits on the boards of Premier
Global Services, The Hackett Group and BancTec Corporation.
Mr.
Harris was granted five-year options to purchase 100,000 shares of common stock
of the Company at $1.75 per share that vest over a three year
period. Mr. Harris will assume his position on February 1,
2011.
Item
9.01 Financial Statements and Exhibits.
Not
applicable.
(b) Pro
forma financial information.
Not
applicable.
Not
applicable.
Pursuant
to the requirements of the Securities and Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
| COMMERCETEL CORPORATION | |||
|
January
26, 2011
|
By:
|
/s/ Dennis Becker | |
|
Chief
Executive Officer
|
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