UNITED STATES 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 11, 2016
The Joint Corp.
(Exact name of registrant as specified in its charter)
|(State or other juris-||(Commission file||(IRS employer|
|diction of incorporation)||number)||identification number)|
16767 N. Perimeter Drive, Suite 240
Scottsdale, AZ 85260
(Address of principal executive offices)
Registrant’s telephone number, including area code:
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligations 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.
(e) Compensatory Arrangements of Certain Officers
On July 11, 2016, the Company’s Board of Directors, upon the recommendation of the Compensation Committee of the Board of Directors (the “Compensation Committee”), voted to increase Peter D. Holt’s annual base salary to $325,000 in connection with, and retroactive to, his appointment as acting Chief Executive Officer. In addition, the Compensation Committee approved the award to Mr. Holt of options to purchase 50,000 shares of the Company’s common stock at an exercise price equal to the closing price of the Company's common stock on the NASDAQ Capital Market on the grant date (July 11, 2016). The options vest in equal annual installments over a 4-year period.
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.
Date: July 14, 2016.
|The Joint Corp.|
|By||/s/Peter D. Holt|
|Peter D. Holt|
|Acting Chief Executive Officer|