<SEC-DOCUMENT>0001654954-20-007362.txt : 20200706
<SEC-HEADER>0001654954-20-007362.hdr.sgml : 20200706
<ACCEPTANCE-DATETIME>20200706083153
ACCESSION NUMBER:		0001654954-20-007362
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20200706
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20200706
DATE AS OF CHANGE:		20200706

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Crexendo, Inc.
		CENTRAL INDEX KEY:			0001075736
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
		IRS NUMBER:				870591719
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32277
		FILM NUMBER:		201012244

	BUSINESS ADDRESS:	
		STREET 1:		1615 S. 52ND STREET
		CITY:			TEMPE
		STATE:			AZ
		ZIP:			85281
		BUSINESS PHONE:		8012270004

	MAIL ADDRESS:	
		STREET 1:		1615 S. 52ND STREET
		CITY:			TEMPE
		STATE:			AZ
		ZIP:			85281

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	IMERGENT INC
		DATE OF NAME CHANGE:	20020710

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NETGATEWAY INC
		DATE OF NAME CHANGE:	19990527
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>cxdo_8k.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
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UNITED STATES</font></div>
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SECURITIES AND EXCHANGE COMMISSION</font></div>
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Washington, D.C. 20549</font></div>
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_______________</font></div>
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FORM 8-K</font></div>
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_______________</font></div>
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CURRENT REPORT</font></div>
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Pursuant to Section&#xA0;13 or 15(d) of The Securities Exchange Act
of 1934</font></div>
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<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Date of
report (Date of earliest event reported)&#xA0;July 6,
2020</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
_______________</font></div>
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<font style="font-weight: bold; font-size: 24px; font-family: Times New Roman">
Crexendo, Inc.</font></div>
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(Exact Name of Registrant as Specified in Its Charter)</font></div>
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_______________</font></div>
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Nevada</font></div>
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001-32277</font></div>
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87-0591719</font></div>
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(IRS EmployerIdentification No.)</font></div>
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1615 S. 52<font style="font-size: 70%; vertical-align: top">nd</font> Street, Tempe, AZ
85281</font></div>
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(Address of Principal Executive Offices) (Zip Code)</font></div>
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(602) 714-8500</font></div>
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(Registrant&#x2019;s Telephone Number, Including Area
Code)</font></div>
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Not applicable.</font></div>
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<font style="font-style: italic; font-family: Times New Roman; font-size: 13px">
(Former Name or Former Address, if Changed Since Last
Report)</font></div>
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to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (<font style="text-decoration: underline">see</font><font style="font-style: italic">&#xA0;</font>General Instruction A.2.
below):</font></div>
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communications pursuant to Rule&#xA0;425 under the Securities Act
(17 CFR 230.425)</font></div>
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<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Pre-commencement
communications pursuant to Rule&#xA0;14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))</font></div>
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<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Pre-commencement
communications pursuant to Rule&#xA0;13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))</font></div>
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<div style="display: table-row">
<div style="display: table-cell; width: 96px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Item
8.01&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br>
</font></div>
<div style="text-align: left; display: table-cell"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Other
Events</font></div>
</div>
</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: 0px">
<font style="font-family: Times New Roman; font-size: 13px">On July
6, 2020, Crexendo, Inc . ( the "<font style="font-weight: bold">Company</font>&#x201D;) issued a press release
announcing the approval of its application to list its common stock
on The Nasdaq Capital Market. A copy of this press release is
attached to this Current Report on Form 8-K as Exhibit 99.1 and is
incorporated herein by reference.</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>
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<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: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
ITEM 9.01.Financial Statements and Exhibits.</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: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
(d) Exhibits.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 96px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Exhibit
No.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br></font></div>
<div style="text-align: left; display: table-cell"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Description</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 96px"><font style="font-family: Times New Roman; font-size: 13px"><a href="cxdo_ex991.htm"><font style="font-weight: bold">99.1</font></a>&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">Crexendo Press Release
issued</font><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font><font style="font-weight: bold">announcing
Crexendo Common Stock Approved to List on The NASDAQ Capital
Market.</font></font></div>
</div>
</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: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Forward-Looking Statements</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: 0px">
<font style="font-family: Times New Roman; font-size: 13px">This
Current Report on Form 8-K/Press Release contains forward-looking
statements, which include all statements that do not relate solely
to historical or current facts, such as statements concerning the
Company&#x2019;s expectations, anticipations, intentions, or
beliefs. These forward-looking statements are based on
management&#x2019;s beliefs, as well as assumptions made by, and
information currently available to, management. Because such
statements are based on expectations and are not statements of
fact, actual results may differ materially from those projected and
are subject to a number of known and unknown risks and
uncertainties.</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: 0px">
<font style="font-family: Times New Roman; font-size: 13px">For a
more detailed discussion of risk factors that may affect Crexendo's
operations and results, please refer to the company's Form 10-K for
the year ended December 31, 2019, and quarterly Form 10-Qs as filed
with the SEC. These forward-looking statements speak only as of the
date on which such statements are made, and the company undertakes
no obligation to update such forward-looking statements, except as
required by law.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<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: left; 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>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Dated:
July 6, 2020</font></div>
<font style="font-family: Times New Roman; font-size: 13px;"><br></font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-weight: bold; font-size: 13px; font-family: Times New Roman">Crexendo,
Inc.</font></div>
</td>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">By:&#xA0;&#xA0;</font></div>
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</td>
<td style="vertical-align: top; width: 12%; border-bottom: 2px solid #ffffff">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">Ronald
Vincent&#xA0;</font></div>
</td>
<td style="width: 12%; vertical-align: top">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">Chief Financial
Officer&#xA0;</font></div>
</td>
<td style="width: 12%; vertical-align: top">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>cxdo_ex991.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<html>
<head>
<!-- Document created using Blueprint(R) - powered by Issuer Direct - www.issuerdirect.com -->
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<title>cxdo_ex991</title>
</head>
<body style="font-family: Times New Roman; font-size: 13px;">
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<div style="text-align: right"><font style="font-family: Times New Roman; font-size: 13px;"><font style="font-weight: bold">Exhibit 99.1</font><br></font></div>
</div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<div><font>&#xA0;</font></div>
<img src="cxdo_ex991000.jpg"></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; font-family: Times New Roman; font-size: 13px">
Crexendo Common Stock Approved to List on The NASDAQ Capital
Market.</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: 0px">
<font style="font-family: Times New Roman; font-size: 13px">PHOENIX,
AZ / ACCESSWIRE / July 6, 2020 / Crexendo, Inc. (OTCQX: CXDO), an
award-winning premier provider of cloud communications, UCaaS
(Unified Communications as a Service), call center, collaboration
services, and other cloud business services that are designed to
provide enterprise-class cloud services to any size business at
affordable monthly rates, today announced that its common stock has
been approved to list on The NASDAQ Capital Market.</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">Trading
on the NASDAQ is expected to commence on or about July 8, 2020
using its current trading symbol of CXDO. Currently,
Crexendo&#x2019;s stock is listed on the OTCQX market, which is
operated by the OTC (Over the Counter) Markets Group. Crexendo was
recently recognized by the OTCQX Best 50 as one of the top
performing companies last year.</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">Steve
Mihaylo Chief Executive Officer Commented &#x201C;<a name="_Hlk40031998"><!--anchor--></a>Our listing on
the NASDAQ is a major milestone for the company and is part of a
long process we have taken to increase shareholder value. This
achievement is due to the hard work and dedication of our entire
team who day in and day out provides the best products and services
in the industry. The team has been focused on being able to
organically reach the requirements to be listed on NASDAQ. In the
space of a few years we turned the Company around strategically
reducing costs, reaching Non-GAAP and then GAAP profitability and
now the up-listing to NASDAQ. We believe this is just another step
in our continual growth process. We will continue to execute and
grow the Company. We believe that listing on the NASDAQ will
enhance our visibility in the marketplace, increase the liquidity
of our stock, enhance our acquisition strategy, broaden our
shareholder base by attracting new investors and increase the
attention paid to our results which will result in increased
shareholder value.&#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="font-family: Times New Roman; font-size: 13px">Doug
Gaylor President and Chief Operating Officer commented
&#x201C;NASDAQ is home to many of the world&#x2019;s largest and most
well-known technology companies. As such, it is the ideal platform
for the continued growth of Crexendo. We are very proud of reaching
this milestone. We worked hard to achieve this, and we will
continue to work hard every day to build and grow this Company. We
are pleased that the increased visibility that moving from OTC.QX
to a National Exchange will provide to the Company, and we believe
that we can attract new investors with this listing and also
believe it will also help us attract new customers with this
increased exposure.&#x201D;</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: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
About Crexendo</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: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Crexendo,
Inc. is an award-winning premier provider of UCaaS (Unified
Communications as a Service), call center, collaboration services,
and other cloud business services that are designed to provide
enterprise-class cloud services to any size business at affordable
monthly rates.</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: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Safe Harbor Statement</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: 0px">
<font style="font-family: Times New Roman; font-size: 13px">This
press release contains forward-looking statements. The Private
Securities Litigation Reform Act of 1995 provides a "safe harbor"
for such forward-looking statements. The words "believe," "expect,"
"anticipate," "estimate," "will" and other similar statements of
expectation identify forward-looking statements. Specific
forward-looking statements in this press release include
information about Crexendo (i) begin trading on NASDAQ exchange;
(ii)<font style="font-family: Times New Roman">&#xA0;</font>listing
on the NASDAQ being a major milestone for the company and part of a
long process to increase shareholder value; (iii) providing the
best products and services in the industry; (iv) working hard to
make the organically to reach the requirements for NASDAQ; (v) the
up-listing being another step in the continual growth process; (vi)
continuing to execute and grow the Company; (vii) believing that
the NASDAQ listing will enhance visibility in the marketplace,
increase the liquidity of stock, enhance its acquisition strategy,
broaden the shareholder base by attracting new investors and
increase the attention paid to results which will result in
increased shareholder value; (viii) believing that NASDAQ is the
ideal platform for the continued growth of Crexendo; (ix) working
hard to achieve this and continuing to work hard every day to build
and grow; (x) having increased visibility that being on a National
Exchange will provide so it can attract new investors and reach new
customers.</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: 0px">
<font style="font-family: Times New Roman; font-size: 13px">For a
more detailed discussion of risk factors that may affect Crexendo's
operations and results, please refer to the company's Form 10-K for
the year ended December 31, 2019, and quarterly Form 10-Qs as filed
with the SEC. These forward-looking statements speak only as of the
date on which such statements are made, and the company undertakes
no obligation to update such forward-looking statements, except as
required by law.</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: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Contact</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: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Crexendo,
Inc.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Doug
Gaylor</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">President
and Chief Operating Officer</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">602-732-7990</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; color: #0000FF; font-family: Times New Roman; font-size: 13px">
dgaylor@crexendo.com</font></div>
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<div id="ftr">
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
