Current Report Filing (8-k)
07 Dezember 2017 - 2:44PM
Edgar (US Regulatory)
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) December 6, 2017
VUZIX CORPORATION
(Exact name of registrant as specified in
its charter)
Delaware
(State or other jurisdiction of incorporation)
001-35955
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04-3392453
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(Commission File Number)
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(IRS Employer Identification No.)
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25 Hendrix Road, Suite A,
West Henrietta, New York 14586
(Address of principal executive offices)(Zipcode)
(585) 359-5900
(Registrant’s Telephone
Number, Including Area Code)
Copies to:
Gregory Sichenzia, Esq.
Jeff Cahlon, Esq.
Sichenzia Ross Ference Kesner LLP
1185 Avenue of the Americas, 37
th
Floor
New York, New York 10036
Phone: (212) 930-9700
Fax: (212) 930-9725
Not Applicable
(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:
¨
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 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange
Act of 1934 (17 CFR §240.12b-2).
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.
☐
On December 6, 2017, Vuzix Corporation (the “Company”)
entered into a Supply Agreement with Toshiba Information Equipment (Hangzhou) Co., Ltd. (“Toshiba”). The supply agreement
set forth the general terms and conditions, including with respect to product quality, product changes, minimum order quantities
and deliveries, and pricing pursuant to which the Company will sell to Toshiba and its affiliates the Company’s smart glasses
product that was developed pursuant to a development agreement between the Company and a Toshiba affiliate announced in February
2017. Any such sales will be made pursuant to purchase orders which Toshiba may submit in its discretion.
Pursuant to the supply agreement, the Company agreed to sell
such product exclusively to Toshiba for a period of up to 12 months, subject to Toshiba’s submitting a minimum of $5,000,000
of purchase orders. The product will be co-branded as a Toshiba product, powered by Vuzix and is expected to be sold on a global
basis by Toshiba by their Toshiba Client Solutions group, which will bundle the smart glasses unit with a specially designed mobile
edge computing system that they principally developed for this program. The supply agreement has a three year term, subject to
earlier termination under certain conditions set forth therein.
The Company expects production under the supply agreement to
commence in the first quarter of 2018.
SIGNATURES
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: December 7, 2017
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VUZIX CORPORATION
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By:
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/s/ Grant Russell
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Grant Russell
Chief Financial Officer
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