<SEC-DOCUMENT>0001654954-19-006110.txt : 20190515
<SEC-HEADER>0001654954-19-006110.hdr.sgml : 20190515
<ACCEPTANCE-DATETIME>20190515161513
ACCESSION NUMBER:		0001654954-19-006110
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20190515
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190515
DATE AS OF CHANGE:		20190515

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PARK CITY GROUP INC
		CENTRAL INDEX KEY:			0000050471
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
		IRS NUMBER:				371454128
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34941
		FILM NUMBER:		19828316

	BUSINESS ADDRESS:	
		STREET 1:		299 S. MAIN STREET
		STREET 2:		SUITE 2225
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84111
		BUSINESS PHONE:		435-645-2100

	MAIL ADDRESS:	
		STREET 1:		299 S. MAIN STREET
		STREET 2:		SUITE 2225
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84111

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FIELDS TECHNOLOGIES INC
		DATE OF NAME CHANGE:	20010626

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERINET GROUP COM INC
		DATE OF NAME CHANGE:	19990803

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EQUITY GROWTH SYSTEMS INC /DE/
		DATE OF NAME CHANGE:	19951214
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>pcyg8k_may152019.htm
<DESCRIPTION>CURRENT REPORT
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UNITED STATES</font></div>
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SECURITIES AND EXCHANGE COMMISSION</font></div>
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CURRENT REPORT</font></div>
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Pursuant to Section&#xA0;13 or 15(d) of the</font></div>
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Securities Exchange Act of 1934</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Date of
Report (Date of earliest event reported): <font style="text-decoration: underline">May 15, 2019</font></font></div>
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PARK CITY GROUP, INC.</font></div>
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(Exact name of Registrant as specified in its Charter)</font>
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<font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px">Nevada</font></font></div>
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<font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px">001-34941</font></font></div>
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<font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px">37-1454128</font></font></div>
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or other jurisdiction of incorporation)</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(Commission
File No.)</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(IRS
Employer Identification No.)</font></div>
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<font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px">5282 South Commerce
Drive, Suite D292, Murray, Utah 84107</font></font></div>
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of principal executive offices)</font></div>
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<font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px">(435)
645-2000</font></font></div>
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Indicate by check mark whether the registrant is an emerging growth
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(17 CFR 240.12b-2)&#xA0;</font><font style="color: #000000; font-family: Times New Roman">&#x2610;</font></font></div>
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If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period
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Securities registered pursuant to Section 12(b) of the
Act:</font></div>
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<font style="text-decoration: underline"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Title
of Each Class</font></font></div>
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<font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px;">Trading
Symbol</font><br></font></div>
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of Each Exchange on Which Registered</font></font></div>
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Common stock, par value $0.01 per share</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;PCYG</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Nasdaq Capital Market</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">
Item 5.02</font><font style="color: #000000">&#xA0;&#xA0;</font><font style="font-weight: bold; color: #000000">Departure of Directors or
Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain
Officers.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; background-color: #FFFFFF">Effective May 15,
2019,&#xA0;Todd Mitchell&#xA0;resigned from his position as
Chief&#xA0;Financial&#xA0;Officer of Park City Group, Inc.
(the&#xA0;&#x201C;</font><font style="font-style: italic; color: #000000; background-color: #FFFFFF">Company</font><font style="color: #000000; background-color: #FFFFFF">&#x201D;)
to pursue other employment opportunities. Mr. Mitchell indicated
that his&#xA0;resignation was not due to any disagreements with
respect to the Company&#x2019;s operations, policies or
practices.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; background-color: #FFFFFF">Following Mr.
Mitchell&#x2019;s resignation, effective May 15, 2019, John Merrill,
the Company&#x2019;s Senior Vice President, Finance, was appointed
as the Company&#x2019;s new Chief Financial Officer. Mr. Merrill,
age 49,</font> <font style="color: #000000">has served as Senior
Vice President, Finance for the Company since May, 2018. Mr.
Merrill&#xA0;</font><font style="color: #000000; background-color: #FFFFFF">has held a variety of
financial roles within public and private organizations including
United Health Group, Clear Channel, IMG, and Sports
Authority.&#xA0; Most recently, Mr. Merrill</font><font style="color: #000000">&#xA0;served as&#xA0;</font><font style="color: #000000; background-color: #FFFFFF">Chief Financial Officer
of 360 Touch Advertising from 2016 to 2018, as Chief Financial
Officer of Track Group, Inc. (OTCQX: TRCK) from 2014 to 2016, and
as a merger and acquisition consultant for UnitedHealth Group
(NYSE: UNH) from 2010 to 2014. In addition, Mr. Merrill previously
served as Company&#x2019;s Chief Financial Officer and Prescient
Applied Intelligence, Inc. (OTCQB: PPID), software-as-a-service
acquired by the Company in 2009. Mr. Merrill began his career with
KPMG and holds a Bachelors and a Master&#x2019;s in Accounting from
the University of South Florida.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; background-color: #FFFFFF; font-family: Times New Roman; font-size: 13px">
Mr. Merrill and the Company have not engaged in any related party
transaction. Mr. Merrill has no&#xA0;family relationships with any
director or executive officer of the Company, or persons nominated
or chosen by the Company to become directors or executive officers.
There are currently no other arrangements or understandings with
Mr. Merrill with respect to his appointment as Chief Financial
Officer.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
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<font style="color: #000000; background-color: #FFFFFF; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Item 8.01 Other Events.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">See
Item 5.02.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Item 9.01 Financial Statements and Exhibits.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">See
Exhibit Index.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
SIGNATURES</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px">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.</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
PARK CITY GROUP INC.</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Date:
May 15, 2019</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<td style="vertical-align: bottom; width: 3%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">By:</font></div>
</td>
<td style="vertical-align: middle; width: 47%;">
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<font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;/s/ John
Merrill</font></font></div>
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<td style="vertical-align: top; width: 46%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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</td>
<td style="vertical-align: top; width: 3%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 47%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">John
Merrill</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Chief
Financial Officer</font></div>
</td>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Exhibit Index</font></div>
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Exhibit No.</font></div>
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<font style="font-style: italic; font-family: Times New Roman; font-size: 13px">
Description</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 10%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px"><a href="ex99-1.htm"><font style="font-family: Times New Roman; font-size: 13px">99.1</font></a></div>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Press
release, dated May 15, 2019</font></div>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex99-1.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Exhibit 99.1</font></div>
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</font></div>
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For Immediate Release</font></div>
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<div><font>&#xA0;</font></div>
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<div><font>&#xA0;</font></div>
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<div><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
Media Contact:</font>&#xA0;&#xA0;<br></font></div>
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<div><font style="color: #000000; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Investor Relations Contacts:</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Ronald Margulis</font>&#xA0;<br></font></div>
</td>
<td style="width: 50%">
<div><font style="color: #000000; font-family: Times New Roman; font-size: 13px">John
Merrill, CFO</font></div>
</td>
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<td style="width: 50%">
<div><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">RAM Communications</font></font></div>
</td>
<td style="width: 50%">
<div><font style="color: #000000; font-family: Times New Roman; font-size: 13px">435-645-2219</font></div>
</td>
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<td style="width: 50%">
<div><font style="font-family: Times New Roman; font-size: 13px">+1
908.272.3930<br></font></div>
</td>
<td style="width: 50%">
<div><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">investor-relations@parkcitygroup.com</font></font></div>
</td>
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<td style="width: 50%">
<div><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">ron@rampr.com</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
</td>
<td style="width: 50%">
<div><font style="color: #000000; font-family: Times New Roman; font-size: 13px">or</font></div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">&#xA0;</font></font>
</div>
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<td style="width: 50%">
<div><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Hayden
IR</font></div>
<div><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Rob
Fink</font></div>
<div><font style="color: #000000; font-family: Times New Roman; font-size: 13px">646-415-8972</font></div>
<div><font style="text-decoration: underline; color: #0000FF; font-family: Times New Roman; font-size: 13px">
PCYG@haydenir.com</font></div>
</td>
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</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 16px">
Park City Group Appoints Former CFO John Merrill as
CFO</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">
SALT LAKE CITY, UT &#x2013; May 15, 2019</font><font style="color: #000000">&#xA0;</font><font style="font-weight: bold; color: #000000">&#x2013;</font> <font style="color: #000000">Park City Group, Inc. (NASDAQ: PCYG), the parent
company of ReposiTrak, Inc., a B2B e-commerce, compliance and
supply chain platform that partners with retailers, wholesalers,
and their suppliers, to accelerate sales, control risk and improve
supply chain efficiencies, today announced Todd Mitchell, who has
served as the Company&#x2019;s Chief Financial Officer since
September 2015, accepted another opportunity that will allow him to
spend more time closer to home in New York.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
Park City appointed John Merrill, its Senior Vice President of
Finance since May 2018 and former CFO of Park City Group from
August 2006 &#x2013; July 2010, as Mitchell&#x2019;s successor.
Mitchell will formally transfer the role of CFO to Merrill on May
16,</font><font style="font-size: 70%; vertical-align: top; color: #000000">&#xA0;</font><font style="color: #000000">2019
and has agreed to continue to serve the Company until May 31, 2019
to ensure an orderly transition.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Randall K. Fields, Chairman and CEO of Park City Group, commented,
&#x201C;I would like to thank Todd for his service as our CFO over
the past four years and wish him the best of luck as he relocates
to be closer to his family. At the same time, I am honored to
welcome John back into a role he is very familiar with. John
rejoined Park City Group last year as our Senior Vice President of
Finance, which will allow for a seamless transition back on to the
executive team.&#x201D;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Prior to rejoining Park City in 2018, Merrill served as CFO and
Managing Member of 360 Touch Advertising, a startup, from 2016 to
2018 and as CFO of Track Group, Inc. (OTC: TRCK) from 2014 to 2016.
Previously, he was a mergers and acquisitions consultant for
UnitedHealth Group (NYSE: UNH). Merrill has held a variety of
financial roles within public and private organizations including,
Clear Channel (nka iHeart Media), IMG, and Sports Authority.
Merrill began his career with KPMG and holds Bachelor&#x2019;s and
Master&#x2019;s degrees in Accounting from the University of South
Florida.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
About Park City Group:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><a name="_Hlk505172300"><!--anchor--></a><font style="color: #000000">Park City Group, Inc. (NASDAQ: PCYG), the parent
company of ReposiTrak, Inc., a compliance, supply chain, and
e-commerce platform that partners with retailers, wholesalers, and
their suppliers, to accelerate sales, control risk, and improve
supply chain efficiencies</font><font style="color: #000000; font-family: Times New Roman">.</font>
<font style="color: #000000">More information is available
at</font> <font style="text-decoration: underline; color: #0000FF">www.parkcitygroup.com</font>
<font style="color: #000000">and</font> <font style="text-decoration: underline; color: #0000FF">www.repositrak.com</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
###</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
