8-K 1 f8k020420_arcimotoinc.htm CURRENT REPORT





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): February 4, 2020



(Exact name of registrant as specified in its charter)



(State or other jurisdiction of incorporation)


001-38213   26-1449404
(Commission   (IRS Employer
File Number)   Identification No.)


2034 West 2nd Avenue, Eugene, OR 97402

(Address of principal executive offices) (Zip Code)


Registrant’s telephone number, including area code (541) 683-6293


(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))


Securities registered pursuant to Section 12(b) of the Act:


Title of Each Class   Trading Symbol(s)   Name of Each Exchange on
Which Registered
Common stock, no par value   FUV   Nasdaq Capital Market



Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).


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 1.01. Entry into a Material Definitive Agreement.


On February 4, 2020, Arcimoto, Inc. (the “Company”) entered into an Agreement (the “Agreement”) with Brickell Financial Services-Motor Club, Inc. (d/b/a Road America Motor Club) and Road America Motor Club, Inc. (collectively, “Road America”) to provide roadside assistance services to owners of the Company’s Fun Utility Vehicles® (FUV®) throughout the United States and Canada.


Pursuant to the Agreement, Road America will offer 24-hour vehicle emergency roadside assistance services, including, but not limited to, towing, jump starting and flat tire assistance, as a stand-alone service offering to purchasers of new FUVs. The term of the Agreement is three years and will automatically renew annually unless terminated. The Agreement also contains customary representations, warranties and covenants, indemnification obligations, and other obligations of the parties.


The foregoing description of the Agreement is qualified by reference to the full text of the Agreement which is attached to this report on Form 8-K as Exhibit 10.1, and is incorporated herein by reference in its entirety.


Item 7.01 Regulation FD Disclosure.


On February 6, 2020, the Company issued a press release announcing the Agreement. A copy of the press release is attached as Exhibit 99.1.


In accordance with General Instruction B.2 of Form 8-K, the information in this Item 7.01, including Exhibit 99.1 attached hereto, shall be deemed “furnished” and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.


Item 9.01. Exhibits.


(d) Exhibits


Exhibit No.   Description
10.1   Agreement, dated as of February 4, 2020, by and among Arcimoto, Inc., Brickell Financial Services-Motor Club, Inc. (d/b/a Road America Motor Club) and Road America Motor Club, Inc.
99.1   Press release dated February 6, 2020







Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Date: February 6, 2020 By: /s/ Douglas M. Campoli
    Douglas M. Campoli
    Chief Financial Officer