Business Context and Reporting Period
This Form 8-K was filed by SOBR Safe, Inc. (formerly TransBiotec, Inc.) on June 12, 2020. The report addresses corporate governance changes, specifically the appointment of a new director to the Board of Directors.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial statements or performance data.
Material Changes
The primary material change reported is the appointment of Ford B. Fay to the Board of Directors on June 12, 2020. Mr. Fay will serve until the next stockholder meeting or until his successor is elected, qualified, or until his death, resignation, or removal.
Management Commentary and Risks
Management highlighted Mr. Fay's extensive background in telecommunications and network management. His experience includes:
- Current Director at Crown Castle International Corp., managing Network Access Life Cycle.
- Principal at Eagle Bay Advisors, LLC (2017-2020), focusing on cost and efficiency improvements.
- Vice President, Access Management at Zayo Communications (2015-2017), where he managed network integrations for the $1.4B acquisition of Electric Lightwave and the $350M acquisition of Allstream.
The filing does not disclose specific risks, contingencies, or unusual items beyond the standard corporate governance update.
Investor Verification Checklist
- Confirm the effective date of Ford B. Fay's board appointment (June 12, 2020).
- Verify the company's current name (SOBR Safe, Inc.) and former name (TransBiotec, Inc.).
- Check subsequent filings for the next stockholder meeting date to determine the end of Mr. Fay's interim term.
- Review the company's latest 10-K or 10-Q for financial metrics, as this 8-K contains none.