<SEC-DOCUMENT>0001078782-17-000871.txt : 20170615
<SEC-HEADER>0001078782-17-000871.hdr.sgml : 20170615
<ACCEPTANCE-DATETIME>20170615170837
ACCESSION NUMBER:		0001078782-17-000871
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20170612
ITEM INFORMATION:		Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
FILED AS OF DATE:		20170615
DATE AS OF CHANGE:		20170615

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SIGMA LABS, INC.
		CENTRAL INDEX KEY:			0000788611
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS MANUFACTURING INDUSTRIES [3990]
		IRS NUMBER:				820404220
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38015
		FILM NUMBER:		17914150

	BUSINESS ADDRESS:	
		STREET 1:		3900 PASEO DEL SOL
		CITY:			SANTE FE
		STATE:			NM
		ZIP:			87507
		BUSINESS PHONE:		(505) 438-2576

	MAIL ADDRESS:	
		STREET 1:		3900 PASEO DEL SOL
		CITY:			SANTE FE
		STATE:			NM
		ZIP:			87507

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FRAMEWAVES INC
		DATE OF NAME CHANGE:	20010130

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MESSIDOR LTD
		DATE OF NAME CHANGE:	20010122
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>f8k061517_8k.htm
<DESCRIPTION>SECURITIES AND EXCHANGE COMMISSION
<TEXT>
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<TITLE>SECURITIES AND EXCHANGE COMMISSION</TITLE>
<META NAME="author" CONTENT="Wolfgang Hombrecher">
<META NAME="date" CONTENT="06/15/2017">
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<BODY style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:720px"><P style="margin:0px" align=center><BR></P>
<A NAME="BM000"></A><P style="margin:0px" align=center>UNITED STATES</P>
<P style="margin:0px" align=center>SECURITIES AND EXCHANGE COMMISSION</P>
<P style="margin:0px" align=center>WASHINGTON, D.C. 20549 </P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-size:12pt" align=center><B>FORM 8-K </B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 </P>
<P style="margin:0px" align=center>Date of report: <B>June 12, 2017</B> </P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-size:14pt" align=center><B><U>SIGMA LABS, INC</U></B><U>.</U></P>
<P style="margin:0px" align=center>(Exact Name of Registrant as Specified in Charter) </P>
<P style="margin:0px" align=center><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=193.8 /><TD width=3.333 /><TD width=119.133 /><TD width=3.333 /><TD width=148.4 /></TR>
<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=193.8><P style="margin:0px" align=center><B>Nevada</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=119.133><P style="margin:0px" align=center><B>001-38015</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=148.4><P style="margin:0px" align=center><B>27-1865814</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=193.8><P style="margin:0px" align=center>(State or Other Jurisdiction of Incorporation)</P>
</TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=119.133><P style="margin:0px" align=center>(Commission File Number) </P>
</TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=148.4><P style="margin:0px" align=center>(IRS Employer Identification No.)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=468 colspan=5><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=468 colspan=5><P style="margin:0px" align=center><B>3900 Paseo del Sol, Santa Fe, New Mexico 87507</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=468 colspan=5><P style="margin:0px" align=center>(Address of Principal Executive Offices) (Zip Code)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=468 colspan=5><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=468 colspan=5><P style="margin:0px" align=center><B>N/A</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=468 colspan=5><P style="margin:0px" align=center>(Former Name or Former Address, if Changed Since Last Report)</P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>Registrant&#146;s telephone number, including area code: <B>(505) 438-2576</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=justify>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: </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px">&nbsp;<FONT style="margin-bottom:1.333px; padding-top:1.333px; font-size:6pt; border:1px solid #000000">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT style="font-size:6pt; color:#FFFFFF">.</FONT> Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425) </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">&nbsp;<FONT style="margin-bottom:1.333px; padding-top:1.333px; font-size:6pt; border:1px solid #000000">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT style="font-size:6pt; color:#FFFFFF">.</FONT> Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12) </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">&nbsp;<FONT style="margin-bottom:1.333px; padding-top:1.333px; font-size:6pt; border:1px solid #000000">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT style="font-size:6pt; color:#FFFFFF">.</FONT> Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">&nbsp;<FONT style="margin-bottom:1.333px; padding-top:1.333px; font-size:6pt; border:1px solid #000000">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT style="font-size:6pt; color:#FFFFFF">.</FONT> Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=justify>Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter). </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Emerging growth company <FONT style="margin-bottom:1.333px; padding-top:1.333px; font-size:6pt; border:1px solid #000000">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT style="font-size:6pt; color:#FFFFFF">.</FONT></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=justify>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. <FONT style="margin-bottom:1.333px; padding-top:1.333px; font-size:6pt; border:1px solid #000000">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT style="font-size:6pt; color:#FFFFFF">.</FONT></P>
<A NAME="BM002"></A><P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
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<P style="margin:0px; padding-left:1px" align=justify><B>Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. </B></P>
<P style="margin:0px; padding-left:1px"><B>&nbsp;</B></P>
<P style="margin:0px; text-indent:48px" align=justify>On June 12, 2017, Sam Bell resigned from the board of directors (the &#147;Board&#148;), Audit Committee of the Board (the &quot;Audit Committee&quot;), Compensation Committee of the Board, and the Nominating and Corporate Governance Committee of the Board, of Sigma Labs, Inc. (&#147;Sigma&#148;). Mr. Bell was an independent director of Sigma and chairman of the Audit Committee, and as a result of the resignation of Mr. Bell, Sigma no longer complies with Nasdaq's audit committee requirements as set forth in Nasdaq Listing Rule 5605 because the Audit Committee is not comprised of at least three independent directors.</P>
<P style="margin:0px; text-indent:48px">&nbsp;</P>
<P style="margin:0px; text-indent:48px" align=justify>On June 12, 2017, in accordance with Nasdaq Listing Rules, Sigma notified Nasdaq of Mr. Bell's resignation and the resulting non-compliance with Nasdaq Listing Rule 5605. On June 13, 2017, Sigma received a notice from Nasdaq acknowledging the fact that Sigma does not meet the requirements of Nasdaq Listing Rule 5605.&nbsp;</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>In accordance with Nasdaq Listing Rule 5605(c)(4), to regain compliance with Nasdaq Listing Rules, Sigma (i) has until the earlier of its next annual shareholders&#146; meeting or June 12, 2018, or (ii) if Sigma's next annual shareholders' meeting is held before December 11, 2017, then Sigma must evidence compliance no later than December 11, 2017. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>The Board intends to identify a candidate to replace Mr. Bell and to appoint a new director who satisfies the requirements of the Nasdaq Listing Rules prior to the expiration of the applicable cure period. </P>
<P style="margin:0px" align=justify><BR>
<B>Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. </B></P>
<P style="margin:0px">&nbsp;</P>
<P style="margin:0px; text-indent:48px" align=justify>As described above in Item 3.01, on June 12, 2017, Sam Bell resigned from the Board, Audit Committee, Compensation Committee of the Board, and the Nominating and Corporate Governance Committee of the Board, of Sigma.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><BR>
<BR></P>
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<P style="margin:0px; page-break-before:always" align=center><B>SIGNATURE</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px">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. </P>
<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=355.533 /><TD width=259.333 /></TR>
<TR><TD style="margin-top:0px" valign=top width=355.533><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=259.333><P style="margin:0px"><B><U>Sigma Labs, Inc.</U></B></P>
</TD></TR>
<TR><TD style="margin-top:0px" width=355.533><P style="margin:0px">June 15, 2017</P>
</TD><TD style="margin-top:0px" width=259.333><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=355.533><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=259.333><P style="margin:0px">By:<U> </U><I><U>/s/ Mark J. Cola</U></I></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=355.533><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=259.333><P style="margin:0px">Name: Mark J. Cola</P>
<P style="margin:0px">Title: President and Chief Executive Officer</P>
</TD></TR>
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<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
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