<SEC-DOCUMENT>0001654954-16-001365.txt : 20160811
<SEC-HEADER>0001654954-16-001365.hdr.sgml : 20160811
<ACCEPTANCE-DATETIME>20160810201730
ACCESSION NUMBER:		0001654954-16-001365
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20160810
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160811
DATE AS OF CHANGE:		20160810

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INSIGNIA SYSTEMS INC/MN
		CENTRAL INDEX KEY:			0000875355
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-ADVERTISING [7310]
		IRS NUMBER:				411656308
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13471
		FILM NUMBER:		161822732

	BUSINESS ADDRESS:	
		STREET 1:		8799 BROOKLYN BLVD.
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55445
		BUSINESS PHONE:		7633926200

	MAIL ADDRESS:	
		STREET 1:		8799 BROOKLYN BLVD.
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55445
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>isigform8k20160810.htm
<DESCRIPTION>FORM 8-K
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<div style="text-align: center; padding-bottom: 14.7px; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">SECURITIES AND EXCHANGE COMMISSION</font></div>
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<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: 16px">FORM 8-K</font></div>
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<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">CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF</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">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-weight: bold; font-family: Times New Roman; font-size: 13px">August&#xA0;10, 2016</font></div></td></tr><tr>
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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)</font></div></td></tr></table></div>
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<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: 16px"><font style="font-size: 24px">Insignia Systems, Inc.</font></font></div></td></tr><tr>
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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">(Exact Name of Registrant as Specified in its Charter)</font></div></td></tr></table></div>
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<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">Minnesota</font></div></td>
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<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">001-13471</font></div></td>
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<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">41-1656308</font></div></td></tr><tr>
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<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">8799 Brooklyn Blvd.Minneapolis, Minnesota</font></div></td>
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<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">55445</font></div></td></tr><tr>
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<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">(763) 392-6200</font></div></td></tr><tr>
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<div style="text-align: left; padding-bottom: 16px; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-family: Times New Roman; font-size: 13px">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):</font></div>
<div style="text-align: left; padding-bottom: 16px; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-family: Times New Roman; font-size: 13px">&#x2610; Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></div>
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<div style="text-align: left; padding-bottom: 16px; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-family: Times New Roman; font-size: 13px">&#x2610; Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></div>
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<div style="display: table-cell; width: 72px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Item 7.01.&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Regulation FD Disclosure.</font></div></div></div>
<div style="text-align: left; padding-bottom: 16px; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-family: Times New Roman; font-size: 13px">As previously disclosed, on March&#xA0;13, 2016 six members of the board of directors (the &#x201C;Board&#x201D;) of Insignia Systems, Inc. (the &#x201C;Company) delivered a letter to Nicholas J. Swenson, stating their personal view as directors of the Company that it would be in the best interest of the Company and its shareholders for Mr. Swenson to resign
as a director of the Company.</font></div>
<div style="text-align: left; padding-bottom: 16px; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-family: Times New Roman; font-size: 13px">During the period following the delivery of that letter, Mr. Swenson&#x2019;s conduct toward each and every other member of the Board, both in the boardroom and elsewhere, has remained consistently destructive. Mr. Swenson&#x2019;s interactions with Company management, employees and other members of the Board carry a high potential for interfering with
management&#x2019;s conduct of its duties and regularly disrupt the established processes and deliberations of the Board and its committees. It is the Board&#x2019;s belief that Mr. Swenson&#x2019;s continued service as a director of the Company conflicts with the best interests of the Company&#x2019;s employees and its shareholders.</font></div>
<div style="text-align: left; padding-bottom: 16px; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-family: Times New Roman; font-size: 13px">On August 10, 2016, the Board passed a resolution stating its determination that it is in the best interests of the Company and its shareholders for Mr. Swenson to submit his resignation as a director of the Company, effective immediately. In connection with that action, five of the six members of the Board delivered a letter to Mr. Swenson, the text
of which is furnished as Exhibit 99.1 to this current report on Form 8-K.</font></div>
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<div style="display: table-cell; width: 72px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Item 9.01.&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Financial Statements and Exhibits.</font></div></div></div>
<div style="text-align: left; padding-bottom: 16px; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Exhibits.</font></div>
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<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">Description</font></div></td></tr><tr>
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<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px"><a href="ex99_120160810.htm"><font style="font-family: Times New Roman; font-size: 13px">99.1</font></a></div></td>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><a href="ex99_120160810.htm"><font style="font-family: Times New Roman; font-size: 13px">Letter dated August 10, 2016</font></a></div></td></tr></table></div>
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<div style="text-align: left; padding-top: 16px; padding-bottom: 16px; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-family: Times New Roman; font-size: 13px">The information furnished in this Item 9.01 shall not be deemed &#x201C;filed&#x201D; for any purpose, and shall not be incorporated by reference in any filing under the Securities Act of 1933, as amended, regardless of any general incorporation provisions in any such filing.</font></div>
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<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>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px"><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 Current Report to be signed on its behalf by the undersigned hereunto duly authorized.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px;">INSIGNIA SYSTEMS, INC.</font> <font style="font-family: Times New Roman; font-size: 13px;">&#xA0; </font></div></td>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-family: Times New Roman; font-size: 13px">Date:&#xA0;August 10, 2016</font></div></td>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-family: Times New Roman; font-size: 13px">/s/ Kristine A. Glancy</font></div></td>
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<TYPE>EX-99.1
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<FILENAME>ex99_120160810.htm
<DESCRIPTION>EXHIBIT 99.1
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<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-family: Times New Roman; font-size: 13px">Exhibit 99.1</font></div></div></div>
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<div style="text-align: right; padding-bottom: 16px; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-family: Times New Roman; font-size: 13px">August 10, 2016</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px; line-height: 1;"><font style="font-family: Times New Roman; font-size: 13px">Nicholas J. Swenson</font></div>
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<div style="text-align: left; padding-bottom: 16px; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-family: Times New Roman; font-size: 13px">Dear Mr. Swenson:</font></div>
<div style="text-align: left; padding-bottom: 16px; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-family: Times New Roman; font-size: 13px">On March 13,2016 six members of the Insignia Board of Directors of Insignia Systems, Inc. (the &#x201C;Company&#x201D;) delivered a letter to you that stated that these directors had determined that it would be in the best interests of the Company and its shareholders for you to resign as a member of this board due to your unconstructive unprofessional
and highly detrimental behavior.</font></div>
<div style="text-align: left; padding-bottom: 16px; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-family: Times New Roman; font-size: 13px">Since then, the Board of Directors has carefully considered your actions and behavior over the past months and this pattern of behavior has continued, jeopardizing the interests of the Company's employees and shareholders.</font></div>
<div style="text-align: left; padding-bottom: 16px; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-family: Times New Roman; font-size: 13px">The Board has determined that it would be in the best interests of the Company and its shareholders for you to submit your resignation as a director and has passed a resolution to that effect on this date.</font></div>
<div style="text-align: left; padding-bottom: 16px; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-family: Times New Roman; font-size: 13px">Respectfully yours,</font></div>
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