<SEC-DOCUMENT>0001140361-20-022673.txt : 20201008
<SEC-HEADER>0001140361-20-022673.hdr.sgml : 20201008
<ACCEPTANCE-DATETIME>20201008060136
ACCESSION NUMBER:		0001140361-20-022673
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20201007
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
FILED AS OF DATE:		20201008
DATE AS OF CHANGE:		20201008

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Sandbridge Acquisition Corp
		CENTRAL INDEX KEY:			0001816708
		STANDARD INDUSTRIAL CLASSIFICATION:	BLANK CHECKS [6770]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39516
		FILM NUMBER:		201230049

	BUSINESS ADDRESS:	
		STREET 1:		1999 AVENUE OF THE STARS
		STREET 2:		SUITE 2088
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		424-208-8488

	MAIL ADDRESS:	
		STREET 1:		1999 AVENUE OF THE STARS
		STREET 2:		SUITE 2088
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
</SEC-HEADER>
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<TYPE>8-K
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<FILENAME>brhc10015866_8k.htm
<DESCRIPTION>8-K
<TEXT>
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    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 14pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 12pt; font-weight: bold;">Washington, D.C. 20549</div>
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    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 18pt; font-weight: bold;">FORM 8-K</div>
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    <div style="text-align: center; color: #000000; font-weight: bold;">CURRENT REPORT</div>
    <div><br>
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    <div style="text-align: center; color: #000000; font-weight: bold;">Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;"><font style="color: #000000;">Date of Report (Date of earliest event reported): October </font>7<font style="color: rgb(0, 0, 0);">, 2020</font></div>
    <div><br>
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    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 24pt; font-weight: bold;">SANDBRIDGE ACQUISITION CORPORATION</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">(Exact name of registrant as specified in its charter)</div>
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            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Delaware</div>
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            <div style="text-align: center; font-weight: bold;">001-39516</div>
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          <td style="width: 2%; vertical-align: bottom; background-color: rgb(254, 254, 254);">&#160;</td>
          <td style="width: 32%; vertical-align: top; background-color: rgb(254, 254, 254); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">85-1615012</div>
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            <div style="text-align: center; color: #000000; font-weight: bold;">(State or other jurisdiction of incorporation or organization)</div>
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          <td style="width: 2%; vertical-align: bottom; background-color: rgb(254, 254, 254);">&#160;</td>
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            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">(Commission File Number)</div>
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          <td style="width: 2%; vertical-align: bottom; background-color: rgb(254, 254, 254);">&#160;</td>
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            <div style="text-align: center; color: #000000; font-weight: bold;">(I.R.S. Employer Identification Number)</div>
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            <div style="text-align: center; color: #000000; font-weight: bold;">1999 Avenue of the Stars, Suite 2088</div>
            <div style="text-align: center; color: #000000; font-weight: bold;">Los Angeles, CA</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; background-color: rgb(254, 254, 254);">&#160;</td>
          <td style="width: 49%; vertical-align: bottom; background-color: rgb(254, 254, 254); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">90067</div>
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          <td style="width: 49%; vertical-align: top; background-color: rgb(254, 254, 254);">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">(Address of principal executive offices)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; background-color: rgb(254, 254, 254);">&#160;</td>
          <td style="width: 49%; vertical-align: top; background-color: rgb(254, 254, 254);">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">(Zip Code)</div>
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    <div style="text-align: center; color: #000000; font-weight: bold;">Registrant&#8217;s telephone number, including area code: (424) 221-5743</div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000; font-weight: bold;">Not Applicable</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">(Former name or former address, if changed since last report)</div>
    <div><br>
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    <div>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation to the registrant under any of the following provisions:</div>
    <div> <br>
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          <td style="width: 18pt; vertical-align: top;">&#9744;</td>
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            <div>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
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          <td style="width: 18pt; vertical-align: top;">&#9744;</td>
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            <div>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
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            <div>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
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          <td style="width: 18pt; vertical-align: top;">&#9744;</td>
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            <div>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
          </td>
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    <div> <br>
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    <div>Securities registered pursuant to Section 12(b) of the Act:</div>
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            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Title of each class</div>
          </td>
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          <td style="width: 31.99%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: #000000; font-weight: bold;">Trading</div>
            <div style="text-align: center; color: #000000; font-weight: bold;">Symbol(s)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 32%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: #000000; font-weight: bold;">Name of each exchange</div>
            <div style="text-align: center; color: #000000; font-weight: bold;">on which registered</div>
          </td>
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            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Units, each consisting of one share of Class A common stock, $0.0001 par value, and one-half of one redeemable warrant</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 31.99%; vertical-align: top;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">SBG.U</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 32%; vertical-align: top;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">New York Stock Exchange LLC</div>
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            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Shares of Class A common stock included as part of the units</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 31.99%; vertical-align: top;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">SBG</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 32%; vertical-align: top;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">New York Stock Exchange LLC</div>
          </td>
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          <td style="width: 31.99%; vertical-align: top;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Redeemable warrants included as part of the units, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 31.99%; vertical-align: top;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">SBG WS</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 32%; vertical-align: top;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">New York Stock Exchange LLC</div>
          </td>
        </tr>

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    <div> <br>
    </div>
    <div>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.</div>
    <div><br>
    </div>
    <div>Emerging growth company &#9746;</div>
    <div><br>
    </div>
    <div>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. &#9744;</div>
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                <div style="color: rgb(0, 0, 0); font-weight: bold;">Item 5.02</div>
              </td>
              <td style="align: left; vertical-align: top; width: auto;">
                <div style="color: rgb(0, 0, 0); font-weight: bold;">Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</div>
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      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: #000000;">On October </font>7<font style="color: rgb(0, 0, 0);">, 2020, the Board of Directors (the &#8220;Board&#8221;) of Sandbridge Acquisition Corporation (the &#8220;Company&#8221;) fixed the
          size of the Board at six directors and appointed Mike Goss and Krystal Kahler (the &#8220;New Directors&#8221;) to serve as a Class I director and a Class II director, respectively. The Board also appointed Mr. Goss to serve as a member of the Board&#8217;s Audit
          Committee, Compensation Committee and Nominating and Corporate Governance Committee.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: #000000;">On October </font>7<font style="color: rgb(0, 0, 0);">, 2020, the Sponsor transferred 40,000 shares of the Company&#8217;s Class B common stock, $0.0001 par value per
          share, to Mr. Goss as compensation for his service as a director of the Company. Also on October 7, 2020, Mr. Goss executed a joinder agreement pursuant to which he became a party to the Registration and Stockholder Rights Agreement, dated
          September 14, 2020 (the &#8220;Registration Rights Agreement&#8221;), among the Company, Sandbridge Acquisition Holdings LLC (the &#8220;Sponsor&#8221;) and the other Holders (as defined therein) signatory thereto, which provides for customary demand and piggy-back
          registration rights for the Holders, and includes certain transfer restrictions applicable to the Holders with respect to Company securities they hold. A copy of the Registration Rights Agreement was filed as Exhibit 10.3 to the Company&#8217;s Current
          Report on Form 8-K, filed with the Securities and Exchange Commission (the &#8220;SEC&#8221;) on September 18, 2020, and is incorporated herein by reference.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: #000000;">On October </font>7<font style="color: rgb(0, 0, 0);">, 2020, each of the New Directors executed a joinder agreement pursuant to which they became parties to the
          Letter Agreement, dated September 14, 2020 (the &#8220;Insider Letter&#8221;), among the Company, the Sponsor, certain investors in the Sponsor and each of the directors, officers and other initial stockholders of the Company. A copy of the Insider Letter
          was filed as Exhibit 10.4 to the Company&#8217;s Current Report on Form 8-K, filed with the SEC on September 18, 2020, and is incorporated herein by reference.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: #000000;">Each of the New Directors also entered into an indemnification agreement (together, the &#8220;Indemnification Agreements&#8221;), </font>pursuant to which the Company has agreed
        to indemnify them against certain claims that may arise in connection with their service as directors of the Company<font style="color: rgb(0, 0, 0);">. The Indemnification Agreements are substantially similar to the form filed as Exhibit 10.6 to
          the Company&#8217;s Current Report on Form 8-K, filed with the SEC on September 18, 2020, which is incorporated herein by reference.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; color: #000000;">The Company will reimburse the New Directors for reasonable out-of-pocket expenses related to identifying, investigating and completing an initial business combination.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; color: #000000;">Other than the foregoing, neither New Director is party to any arrangement or understanding with any person pursuant to which he or she was appointed as a director, nor is either
        New Director party to any transaction required to be disclosed under Item 404(a) of Regulation S-K involving the Company.</div>
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    <div style="text-align: center; color: #000000; font-weight: bold;">SIGNATURE</div>
    <div><br>
    </div>
    <div style="text-indent: 24.5pt;">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.</div>
    <div><br>
    </div>
    <div>Dated: <font style="color: rgb(0, 0, 0);">October </font>8, 2020</div>
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          <td style="width: 60%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="vertical-align: middle;">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">SANDBRIDGE ACQUISITION CORPORATION</div>
          </td>
        </tr>
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          <td style="width: 60%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="vertical-align: middle;">&#160;</td>
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          <td style="width: 60%; vertical-align: middle;">&#160;</td>
          <td style="width: 5%; vertical-align: top;">
            <div>By:</div>
          </td>
          <td style="width: 34.53%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>/s/ Richard Henry</div>
          </td>
        </tr>
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          <td style="width: 60%; vertical-align: bottom;">&#160;</td>
          <td style="width: 5%; vertical-align: bottom;">
            <div>Name:</div>
          </td>
          <td style="width: 34.53%; vertical-align: bottom;">
            <div>Richard Henry</div>
          </td>
        </tr>
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          <td style="width: 60%; vertical-align: bottom;">&#160;</td>
          <td style="width: 5%; vertical-align: bottom;">
            <div>Title:</div>
          </td>
          <td style="width: 34.53%; vertical-align: bottom;">
            <div>Chief Financial Officer</div>
          </td>
        </tr>

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