Blueprint
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported):
March 6, 2019
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SCIENTIFIC INDUSTRIES,
INC.
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(Exact
name of registrant as specified in its charter)
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Delaware
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000-6658
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04-2217279
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(State
or other Jurisdiction)
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(Commission
File Number)
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(IRS
Employer No.)
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80 Orville Drive
Bohemia, New York 11716
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(Address
of principal executive offices)
(631) 567-4700
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(Registrant's
telephone number, including area code)
Not Applicable
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(Former
name or former address, if changed since last report)
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
The
Company has entered into a consulting agreement through August 31,
2019 with Mr. John A. Moore, who has been a Director of the Company
since January 23, 2019. The agreement provides for consulting
services as to the operations of Scientific Bioprocessing, Inc., a
wholly-owned subsidiary of the Company at a monthly fee of $10,000
plus the issuance of stock options valued at $3,000. The agreement
may be renewed at the end of the term by mutual consent and
incorporates non-competition and confidentiality
clauses.
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF
DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY
ARRANGEMENTS OF CERTAIN OFFICERS
On March 6, 2019, the Board of Directors of the Company appointed
Marcus Frampton to the Board of Directors as a Class B
Director.
Mr.
Frampton, age 39, is currently the Chief Investment Officer of the
Alaska Permanent Fund Corporation, a $65 billion state sovereign
wealth fund. He also serves on the Board of Directors of Twin
Creeks Timber, LLC and Rapid Partners, L.P. At the Alaska
Permanent Fund Corporation, Mr. Frampton also served as Director of
Investments, Real Assets and Absolute Return from 2016 to 2018 and
Director of Investments, Private Markets from 2012 to 2016.
He was Finance Lead, Strategic Investments at LPL Financial
(Nasdaq: LPLA), an investment and wealth management services firm,
from 2010-2012. He was Associate/Vice President at PCG
Capital Partners, a private equity firm, from 2005 to 2010.
Mr. Frampton holds a B.A. in Business-Economics from the University
of California, Los Angeles.
ITEM 9.01 Financial Statements and Exhibits
(a) and
(b) not applicable
(c)
Exhibits
SIGNATURE
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.
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SCIENTIFIC INDUSTRIES, INC.
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Date: March 8, 2019
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By:
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/s/ Helena R. Santos
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Helena R. Santos,
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President and Chief Executive Officer
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