<SEC-DOCUMENT>0001062993-18-004726.txt : 20181116
<SEC-HEADER>0001062993-18-004726.hdr.sgml : 20181116
<ACCEPTANCE-DATETIME>20181116060246
ACCESSION NUMBER:		0001062993-18-004726
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20181112
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:		20181116
DATE AS OF CHANGE:		20181116

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Sphere 3D Corp
		CENTRAL INDEX KEY:			0001591956
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36532
		FILM NUMBER:		181188613

	BUSINESS ADDRESS:	
		STREET 1:		895 DON MILLS ROAD
		STREET 2:		BLDG. 2, SUITE 900
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M3C 1W3
		BUSINESS PHONE:		416-749-5999

	MAIL ADDRESS:	
		STREET 1:		895 DON MILLS ROAD
		STREET 2:		BLDG. 2, SUITE 900
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M3C 1W3
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
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   <TITLE>Sphere 3D Corporation: Form 8- k - Filed by newsfilecorp.com</TITLE>
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<P align=center><B><FONT size=5>UNITED STATES </FONT></B><BR><B><FONT
size=5>SECURITIES AND EXCHANGE COMMISSION </FONT><BR></B><B>Washington, D.C.
20549 </B></P>
<P align=center><B><FONT size=5>FORM 8-K </FONT></B></P>
<P align=center><B>CURRENT REPORT </B></P>
<P align=center><B>Pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934 </B></P>
<P align=center>Date of Report (Date of earliest event reported): <U>November
12, 2018 </U></P>
<P align=center><B><FONT size=5><U>Sphere 3D Corp. </U></FONT><BR></B>(Exact
name of registrant as specified in its charter) </P>
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  <TR vAlign=top>
    <TD align=center><B><U>Ontario, Canada </U></B></TD>
    <TD align=center width="33%"><B><U>001-36532 </U></B></TD>
    <TD align=center width="33%"><B><U>98-1220792 </U></B></TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="33%">&nbsp; </TD>
    <TD width="33%">&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD align=center>(State or other jurisdiction of incorporation) </TD>
    <TD align=center width="33%">(Commission File Number) </TD>
    <TD align=center width="33%">(IRS Employer Identification No.)
  </TD></TR></TABLE><BR>
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  <TR vAlign=top>
    <TD align=center><B>895 Don Mills Road, </B></TD>
    <TD align=center width="50%">&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD align=center><B>Bldg. 2, Suite 900 </B></TD>
    <TD align=center width="50%"><B><U>M3C 1W3 </U></B></TD></TR>
  <TR vAlign=top>
    <TD align=center><B><U>Toronto, Ontario </U></B></TD>
    <TD align=center width="50%">&nbsp; </TD></TR>
  <TR>
    <TD align=center>&nbsp; </TD>
    <TD align=center width="50%">&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD align=center>(Address of principal executive offices) </TD>
    <TD align=center width="50%">(Zip Code) </TD></TR></TABLE><BR>
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  <TR vAlign=top>
    <TD align=center>Registrant&#146;s telephone number, including area code </TD>
    <TD align=center width="50%"><B>(858) 571-5555 </B></TD></TR></TABLE>
<P align=center><B><U>Not Applicable </U><BR></B>(Former name or former address,
if changed since last report) </P>
<P 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 (see General Instruction A.2. below): </P>
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  <TR vAlign=top>
    <TD width="5%" >&nbsp;</TD>
    <TD align=left>[&nbsp;&nbsp; ]</TD>
    <TD align=left width="90%">Written communications pursuant to Rule 425
      under the Securities Act (17 CFR 230.425) </TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="90%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%">&nbsp;</TD>
    <TD align=left>[&nbsp;&nbsp; ]</TD>
    <TD align=left width="90%">Soliciting material pursuant to Rule 14a-12
      under the Exchange Act (17 CFR 240.14a-12) </TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="90%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%">&nbsp;</TD>
    <TD align=left>[&nbsp;&nbsp; ]</TD>
    <TD align=left width="90%">Pre-commencement communications pursuant to
      Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d- 2(b)) </TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="90%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%">&nbsp;</TD>
    <TD align=left>[&nbsp;&nbsp; ]</TD>
    <TD align=left width="90%">Pre-commencement communications pursuant to
      Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e- 4(c))
</TD></TR></TABLE>
<P align=center>1 </P>
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<P 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).<BR>Emerging growth company [&nbsp;&nbsp; ]</P>
<P 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. [&nbsp;&nbsp; ]</P>
<P align=center>2 </P>
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<P align=justify><B>Item 3.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notice of Delisting or Failure to Satisfy a
Continued Listing Rule or Standard Transfer of Listing.</B> </P>
<P align=justify style="text-indent:5%">On
November 12, 2018, Sphere 3D Corp. (the &#147;Company&#148;) received a letter (the
&#147;Letter&#148;) from the Listing Qualifications Department of the Nasdaq Stock Market
LLC (&#147;Nasdaq&#148;) indicating that the Company no longer complies with the minimum
stockholders&#146; equity requirement under NASDAQ Listing Rule 5550(b)(1) for
continued listing on The NASDAQ Capital Market because the Company&#146;s
stockholders&#146; equity of $707,000 as reported in the Company&#146;s Quarterly Report
on Form 10-Q for the period ended September 30, 2018, is below the required
minimum of $2.5 million, and as of the date of the Letter, the Company does not
meet the alternatives of market value of listed securities or net income from
continuing operations. </P>
<P align=justify style="text-indent:5%"> In
accordance with NASDAQ Listing Rules, the Company has 45 calendar days, or until
December 27, 2018, to submit a plan to regain compliance. If the Company&#146;s plan
is accepted, Nasdaq may grant the Company an extension of up to 180 calendar
days from the date of the notification letter to evidence compliance. </P>
<P align=justify style="text-indent:5%"> If the
Company&#146;s plan to regain compliance with the minimum stockholders&#146; equity
standard is not accepted or if it is accepted but the Company does not regain
compliance by the end of the extension granted by Nasdaq, or if the Company
fails to satisfy another Nasdaq requirement for continued listing, Nasdaq staff
could provide notice that the Company&#146;s common shares will become subject to
delisting. In such event, Nasdaq rules permit the Company to appeal the decision
to reject its proposed compliance plan or any delisting determination to a
Nasdaq Hearings Panel. Accordingly, there can be no guarantee that the Company
will be able to maintain its Nasdaq listing. </P>
<P align=justify><B>Item 5.02&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.</B> </P>
<P align=justify style="text-indent:5%"> On
November 14, 2018, the Board of Directors of the Company (the &#147;<U>Board</U>&#148;)
appointed Peter Tassiopoulos to serve as the Company&#146;s Chief Executive Officer
and Principal Executive Officer. The appointment decision was made in connection
with the Company&#146;s completion of the sale of Overland Storage, Inc., as
previously announced on the Current Report on Form 8-K filed on November 14,
2018. As a result of such appointment, Eric Kelly ceased to serve as the
Company&#146;s Chief Executive Officer and no longer holds any positions with the
Company.</P>
<P align=justify style="text-indent:5%"> Mr.
Tassiopoulos, age 49, is a current member of the Board and served as President
of the Company since December 1, 2014. Mr. Tassiopoulos served as the Chief
Executive Officer of the Company from March 2013 until December 1, 2014. Mr.
Tassiopoulos has extensive experience in information technology business
development and global sales as well as a successful track record leading
early-stage technology companies. He has been actively involved as a business
consultant over the past 10 years, including acting as Chief Operating Officer
and then Chief Executive Officer of BioSign Technologies Inc. from September
2009 to April 2011 and Chief Executive Officer of IgeaCare Systems Inc. from
February 2003 to December 2008. </P>
<P align=justify style="text-indent:5%"> Also on
November 14, 2018, the Board appointed Joseph O&#146;Daniel as President of the
Company, to succeed Mr. Tassiopoulos in such position. Since January 2017, Mr.
O&#146;Daniel, age 48, has served as a Vice President and President of Virtualization
and Professional Services for the Company. He previously served as president and
chief executive officer of Unified ConneXions, Inc. from 2001, and as founder of
HVE ConneXions, LLC from April, 2013, until their acquisitions by the Company in
January 2017. Mr. O&#146;Daniel has over 20 years of experience in the virtualization
and technology industry and has extensive experience in executive leadership
positions. </P>
<P align=center>3 </P>
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<P align=justify style="text-indent:5%"> There is
  no arrangement or understanding between any of Messrs. Tassiopoulos or O&#146;Daniel
  and any other person pursuant to which Messrs. Tassiopoulos or O&#146;Daniel were
  appointed as an executive officer of the Company. There are no family
  relationships between any of Messrs. Tassiopoulos or O&#146;Daniel and any director
  or executive officer of the Company, and Messrs. Tassiopoulos or O&#146;Daniel have
  no direct or indirect material interest in any transaction required to be
disclosed pursuant to Item 404(a) of Regulation S-K. </P>
<P align=center>4 </P>
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<P align=justify><B>SIGNATURES </B></P>
<P align=justify>Pursuant to the requirements of the Securities Exchange Act of
1934, as amended, the Registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized. </P>
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  <TR vAlign=top>
    <TD align=left colSpan=2 >Date: November 16, 2018 </TD>
    <TD align=left width="45%">&nbsp; </TD></TR>
  <TR>
    <TD >&nbsp; </TD>
    <TD width="5%" >&nbsp;</TD>
    <TD width="45%">&nbsp;</TD></TR>
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    <TD >&nbsp; </TD>
    <TD width="5%" >&nbsp;</TD>
    <TD width="45%">&nbsp;</TD></TR>
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    <TD >&nbsp; </TD>
    <TD width="5%" >&nbsp;</TD>
    <TD width="45%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp; </TD>
    <TD align=left width="50%" colSpan=2><B>SPHERE 3D CORP.</B> </TD></TR>
  <TR>
    <TD >&nbsp; </TD>
    <TD width="5%" >&nbsp;</TD>
    <TD width="45%">&nbsp;</TD></TR>
  <TR>
    <TD >&nbsp; </TD>
    <TD width="5%" >&nbsp;</TD>
    <TD width="45%">&nbsp;</TD></TR>
  <TR>
    <TD >&nbsp; </TD>
    <TD width="5%" >&nbsp;</TD>
    <TD width="45%">&nbsp;</TD></TR>
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    <TD align=left >&nbsp; </TD>
    <TD align=left width="5%" >By: </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="45%">/s/
      Kurt L. Kalbfleisch </TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp; </TD>
    <TD align=left width="5%" >&nbsp;</TD>
    <TD align=left width="45%">Kurt L. Kalbfleisch </TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp; </TD>
    <TD align=left width="5%" >&nbsp; </TD>
    <TD align=left width="45%">Chief Financial Officer </TD></TR></TABLE>
<P align=center>5 </P>
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</SEC-DOCUMENT>
