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): May 22, 2017
TOWERSTREAM CORPORATION
(Exact name of registrant as specified in charter)
|
Delaware |
|
001-33449 |
|
20-8259086 |
|
(State or other jurisdiction of incorporation) |
|
(Commission File Number) |
|
(IRS Employer Identification Number) |
|
88 Silva Lane, Tech 4, Middletown, RI |
|
02842 |
|
(Address of principal executive offices) |
|
(Zip Code) |
Registrant’s telephone number, including area code: (401) 848-5848
|
|
|
(Former name of 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 DFR 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 or Rule 12b-2 of the Securities Exchange Act of 1934.
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. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective May 22, 2017, the Board of Directors of Towerstream Corporation (the “Company”) appointed Donald MacNeil, age 52, to serve as a member of the Company's Board of Directors. Mr. MacNeil currently serves as the Chief Technology Officer of EdgeConneX, a leading-edge data center service provider, a position he has held since August 2015. From June 2000 to March 2015 he was employed by XO Communications where from 2011 through 2014 he held the position of Chief Marketing Officer and from 2014 to 2015 he held the position of Executive Vice President and Chief Operating Officer. Prior to that, he served as an officer in the United States Navy. Don holds a Masters Degree in Physics from the United States Naval Academy and a Masters in Business Administration from the College of William and Mary. Since August 2015, he has served as a member of the Board of Directors of Hammer Fiber, a residential "triple-play" internet service provider serving markets in New Jersey.
Item 8.01 Other Events.
On May 22, 2017, the Company issued a press release announcing Mr. MacNeil's appointment. A copy of the press release is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
|
Exhibit No. |
Exhibit Description |
|
99.1 |
Press release issued May 22, 2017 |
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.
|
|
TOWERSTREAM CORPORATION |
| |
|
|
|
|
|
|
|
|
|
|
|
Dated: May 26, 2017 |
By: |
/s/ Ernest Ortega |
|
|
|
|
Ernest Ortega |
|
|
|
|
Chief Executive Officer |
|
Exhibit 99.1
Towerstream Adds Industry Veteran Don MacNeil to its Board of Directors
MIDDLETOWN, R.I., May 22, 2017 (GLOBE NEWSWIRE) -- Towerstream Corporation (OTCQB:TWER), a Fixed Wireless Internet Service Provider, announced today industry veteran Don MacNeil has joined its Board of Directors.
Mr. MacNeil currently serves as the Chief Technology Officer at EdgeConneX, where he is responsible for the design and architecture of EdgeconneX's award winning data centers. Previous to this he served as EVP, Chief Operating Officer at XO Communications (XO), where he was responsible for the customer experience and the alignment of the products and services with XO's Go-to-Market strategies. While at XO, Don also served as CMO for two years and was Vice President of Carrier Services Operations for six years. In this role, Don was overseeing service delivery, service assurance, product management, and the customer experience for XO Carrier Services, the company's wholesale services business unit. Prior to XO, Don was an officer in the United States Navy, serving at-sea in operational leadership roles as well as various leadership roles in weapon system design and procurement.
"As a well-respected executive with deep experience in technology, operations, and network engineering, Don will add valuable perspective to our Board of Directors," said Ernest Ortega, Chief Executive Officer of Towerstream. "We appreciate his willingness to serve as a director and look forward to benefiting from his judgment and insight."
ABOUT TOWERSTREAM CORPORATION
Towerstream Corporation (OTCQB:TWER) is a leading Fixed-Wireless Internet Service Provider delivering high-speed Internet access to businesses. The Company offers broadband services in twelve urban markets including New York City, Boston, Los Angeles, Chicago, Philadelphia, the San Francisco Bay area, Miami, Seattle, Dallas-Fort Worth, Houston, Las Vegas-Reno, and the greater Providence area.
SAFE HARBOR
Certain statements contained in this press release are "forward-looking statements" within the meaning of applicable federal securities laws, including, without limitation, anything relating or referring to future financial results and plans for future business development activities, and are thus prospective. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified based on current expectations. Such risks and uncertainties include, without limitation, the risks and uncertainties set forth from time to time in reports filed by the Company with the Securities and Exchange Commission. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Consequently, future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements contained herein. The Company undertakes no obligation to correct or update any forward-looking statements, whether as a result of new information, future events or otherwise.
INVESTOR CONTACT
Arthur Giftakis
Chief Operating Officer
Towerstream
401-608-8252
ir@towerstream.com
MEDIA CONTACT
Jason Dennis
Director Marketing and Sales Operations
Towerstream
401-608-8246
jdennis@towerstream.com