<SEC-DOCUMENT>0001140361-20-006689.txt : 20200324
<SEC-HEADER>0001140361-20-006689.hdr.sgml : 20200324
<ACCEPTANCE-DATETIME>20200324144623
ACCESSION NUMBER:		0001140361-20-006689
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20200319
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
FILED AS OF DATE:		20200324
DATE AS OF CHANGE:		20200324

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VirnetX Holding Corp
		CENTRAL INDEX KEY:			0001082324
		STANDARD INDUSTRIAL CLASSIFICATION:	PATENT OWNERS & LESSORS [6794]
		IRS NUMBER:				770390628
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33852
		FILM NUMBER:		20737999

	BUSINESS ADDRESS:	
		STREET 1:		308 DORLA COURT
		STREET 2:		SUITE 206
		CITY:			ZEPHYR COVE
		STATE:			NV
		ZIP:			89448
		BUSINESS PHONE:		(831) 438-8200

	MAIL ADDRESS:	
		STREET 1:		308 DORLA COURT
		STREET 2:		SUITE 206
		CITY:			ZEPHYR COVE
		STATE:			NV
		ZIP:			89448

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PASW INC
		DATE OF NAME CHANGE:	20001109

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PACIFIC SOFTWORKS INC
		DATE OF NAME CHANGE:	19990322
</SEC-HEADER>
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<TYPE>8-K
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      <hr align="center" style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; margin-left: auto; margin-right: auto;">UNITED STATES</div>
    <div style="text-align: center; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">Washington, DC 20549</div>
    <div style="text-align: center;">&#160;
      <hr noshade="noshade" align="center" style="height: 2px; width: 10%; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;"></div>
    <div style="text-align: center; font-size: 18pt; font-weight: bold;">FORM 8-K</div>
    <div style="text-align: center; font-size: 18pt; font-weight: bold;"><font style="font-size: 10pt;"> <br>
      </font></div>
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      <hr noshade="noshade" align="center" style="height: 2px; width: 10%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
    <div style="text-align: center; font-weight: bold;">CURRENT REPORT</div>
    <div style="text-align: center;">&#160;</div>
    <div style="text-align: center; font-weight: bold;">Pursuant to Section 13 or 15(d) of</div>
    <div style="text-align: center; font-weight: bold;">The Securities Exchange Act of 1934</div>
    <div style="text-align: center;">&#160;</div>
    <div style="text-align: center; font-weight: bold;">Date of Report (Date of earliest event reported)</div>
    <div style="text-align: center; font-weight: bold;">March 19, 2020</div>
    <div style="text-align: center;">&#160;
      <hr noshade="noshade" align="center" style="height: 2px; width: 10%; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;"></div>
    <div style="text-align: center; font-size: 24pt; font-weight: bold;">VirnetX Holding Corporation</div>
    <div style="text-align: center; font-weight: bold;">(Exact name of registrant as specified in its charter)</div>
    <div style="text-align: center;"><br>
    </div>
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            <div style="text-align: center; color: #000000; font-weight: bold;">001-33852</div>
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          <td style="width: 1.16%; vertical-align: bottom;">&#160;</td>
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            <div style="text-align: center; margin-right: 0.8pt; font-weight: bold;">77-0390628</div>
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            <div style="text-align: center; margin-right: 0.8pt; font-weight: bold;">(State or other jurisdiction</div>
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            <div style="text-align: center; margin-right: 0.8pt; font-weight: bold;">(Commission</div>
            <div style="text-align: center; margin-right: 0.8pt; font-weight: bold;">File Number)</div>
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            <div style="text-align: center; margin-right: 0.8pt; font-weight: bold;">Identification No.)</div>
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    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">308 Dorla Court, Suite 206</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">Zephyr Cove, Nevada 89448</div>
    <div style="text-align: center; font-weight: bold;">(Address of principal executive offices, including zip code)</div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">(775) 548-1785</div>
    <div style="text-align: center; font-weight: bold;">&#160;(Registrant&#8217;s telephone number, including area code)</div>
    <div>&#160;</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">Not Applicable</div>
    <div style="text-align: center; font-weight: bold;">(Former name or former address, if changed since last report)</div>
    <div><br>
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    <div>&#160;</div>
    <div>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 (see General Instruction A.2):</div>
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          <td style="width: 4.16%; vertical-align: top;">&#9744;</td>
          <td style="width: 95.84%; vertical-align: top;">
            <div style="margin-right: 0.8pt;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
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          <td style="width: 4.16%; vertical-align: top;">&#9744;</td>
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            <div style="margin-right: 0.8pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
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          <td style="width: 4.16%; vertical-align: top;">&#9744;</td>
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            <div style="margin-right: 0.8pt;">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: 4.16%; vertical-align: top;">&#9744;</td>
          <td style="width: 95.84%; vertical-align: top;">
            <div style="margin-right: 0.8pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
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    <div style="text-align: center; color: #000000;">Securities registered pursuant to Section 12(b) of the Act:</div>
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            <div style="text-align: center; color: #000000;">Common Stock, par value $0.0001</div>
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            <div style="text-align: center; color: #000000;">VHC</div>
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            <div style="text-align: center; color: #000000;">NYSE American LLC</div>
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    <div style="color: #000000;">Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (&#167;&#8201;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
      (&#167;&#8201;240.12b-2 of this chapter).</div>
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    <div style="color: #000000;">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>
    <div>&#160;</div>
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    <div style="text-align: justify; font-weight: bold;">Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers</div>
    <div><br>
    </div>
    <div>(e)</div>
    <div><br>
    </div>
    <div style="font-style: italic;">Discretionary 2020 Incentive Bonus</div>
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    <div style="text-align: justify; text-indent: 36pt;">At a meeting of the Compensation Committee of the Board of Directors (the &#8220;<font style="font-weight: bold;">Compensation Committee</font>&#8221;) of VirnetX Holding Corporation (the &#8220;<font style="font-weight: bold;">Company</font>&#8221;) held on March 19, 2020, the Compensation Committee reviewed the Company&#8217;s performance and the contributions that 1) Kendall Larsen, the Company&#8217;s Chief Executive Officer, President, and Chairman, 2)
      Robert D. Short III, Ph. D., the Company&#8217;s Chief Technology Officer and Chief Scientist, and 3) Richard Nance, the Company&#8217;s Chief Financial Officer, made to such performance. Following its review, the Compensation Committee determined to pay Mr.
      Larsen, Dr. Short, and Mr. Nance cash bonuses equal to 75% of Mr. Larsen&#8217;s, Dr. Short&#8217;s, and Mr. Nance&#8217;s respective base salaries for the 2019 fiscal year, in light of the Company&#8217;s overall performance and their respective contributions in achieving
      this performance.&#160; Accordingly, the Compensation Committee determined to award Mr. Larsen, Dr. Short, and Mr. Nance cash bonuses equal to $506,386.13, $322,188.63, and $130,319.08, respectively.</div>
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    <div style="text-align: center; font-weight: bold;">SIGNATURE</div>
    <div>&#160;</div>
    <div style="text-align: justify;">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>
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          <td style="width: 5%; vertical-align: middle;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 43%; vertical-align: middle;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: middle;">&#160;</td>
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          <td colspan="3" style="vertical-align: top;">
            <div style="margin-right: 2.8pt; font-weight: bold;">VirnetX Holding Corporation</div>
          </td>
          <td colspan="1" style="vertical-align: top; width: 1%;">&#160;</td>
        </tr>
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          <td style="width: 5%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="vertical-align: middle;">&#160;</td>
          <td colspan="1" style="vertical-align: middle; width: 1%;">&#160;</td>
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          <td rowspan="1" style="width: 5%; vertical-align: middle;">&#160;</td>
          <td rowspan="1" colspan="2" style="vertical-align: middle;">&#160;</td>
          <td rowspan="1" colspan="1" style="vertical-align: middle; width: 1%;">&#160;</td>
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            <div style="text-indent: -10pt; margin-right: 0.8pt; margin-left: 10pt;">By:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td style="width: 43%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; margin-right: 0.8pt;">/s/ Kendall Larsen</div>
          </td>
          <td colspan="1" style="width: 1%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
        </tr>
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          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 43%; vertical-align: bottom;">
            <div style="text-align: center; margin-right: 0.8pt; font-weight: bold;">Kendall Larsen</div>
            <div style="text-align: center; margin-right: 0.8pt; font-weight: bold;">Chief Executive Officer</div>
          </td>
          <td colspan="1" style="width: 1%; vertical-align: bottom;">&#160;</td>
        </tr>

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    <div style="clear: both;">&#160;</div>
    <div>Dated: March 24, 2020</div>
    <div> <br>
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    <div> <br>
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