<SEC-DOCUMENT>0001654954-21-000374.txt : 20210113
<SEC-HEADER>0001654954-21-000374.hdr.sgml : 20210113
<ACCEPTANCE-DATETIME>20210113104645
ACCESSION NUMBER:		0001654954-21-000374
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20210108
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
FILED AS OF DATE:		20210113
DATE AS OF CHANGE:		20210113

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:		21525391

	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>a2021_0108isigform8k.htm
<DESCRIPTION>FORM 8-K
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UNITED STATES</font></div>
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SECURITIES AND EXCHANGE COMMISSION</font></div>
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WASHINGTON D.C. 20549</font></div>
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FORM 8-K</font></div>
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CURRENT REPORT</font></div>
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PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934</font></div>
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<font style="font-size: 19px"><font style="font-size: 17px"><font style="font-size: 16px">January 8,
2021</font></font></font></font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Date of
Report (Date of Earliest Event Reported)</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 16px">
<font style="font-size: 19px">Insignia Systems,
Inc.</font></font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(Exact
Name of Registrant as Specified in its Charter)</font></div>
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Minnesota</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
001-13471</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
41-1656308</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(State
of Incorporation)</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(Commission
File Number)</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(I.R.S.
Employer Identification No.)</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
8799 Brooklyn Blvd.Minneapolis, Minnesota</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
55445</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(Address
of Principal Executive Offices)</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(Zip
Code)</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
(763) 392-6200</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(Registrant&#x2019;s
Telephone Number, Including Area Code)</font></div>
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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">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><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<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>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#x2610;
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<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>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; 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 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Securities registered to Section 12(b) of the Act:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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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">Title
of each class</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Trading
Symbol</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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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">Name of
each exchange on which registered</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Common Stock, par value $0.01 per share</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</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">
ISIG</font></div>
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</td>
<td style="vertical-align: top; width: 40%">
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
The Nasdaq Stock Market LLC</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933
(&#xA7; 230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (&#xA7; 240.12b-2 of this
chapter):</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
&#x2610;</font> <font style="color: #000000">Emerging growth
company</font></font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">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&#xA0;13(a) of the Exchange Act. <font style="color: #000000">&#x2610;</font></font></div>
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<div style="display: table-cell; width: 108px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Item
5.02.&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Departure
of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangement of
Certain Officers.</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">As
previously announced, Jeffrey A. Jagerson ceased to serve as Chief
Financial Officer and Treasurer of Insignia Systems, Inc. (the
&#x201C;Company&#x201D;), effective January 8, 2021. In connection
with Mr. Jagerson&#x2019;s departure, the Board of Directors, in
consultation with its Audit Committee, appointed Zackery A. Weber,
the Company&#x2019;s existing Senior Director of Financial Planning
and Analysis, to serve in the additional position of interim
principal accounting officer, effective January 9, 2021. As
recognition for his increased responsibility, Mr. Weber's base
annual salary was increased to $145,000 for the fiscal year ending
December 31, 2021.<br></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Mr.
Weber, age 41, was promoted to Senior Director of Financial
Planning Analysis in December 2020 and had previously served as
Director of Financial Planning and Analysis since August 2015. He
served as a Senior Financial Analyst for the Company from 2013 to
August 2015. Before joining the Company, Mr. Weber held analyst and
accounting positions at Target Corporation with increasing
responsibility from 2003 to 2013. He began his career as an auditor
at McGladrey &amp; Pullen from 2002 to 2003. Mr. Weber holds a
Bachelor of Arts degree in Accounting from the University of St.
Thomas and an MBA in Finance &amp; Management, from the University
of St. Thomas - Opus College of Business.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Kristine A. Glancy,
the Company&#x2019;s existing President, Chief Executive Officer and
Secretary will serve in the additional position of interim
principal financial officer, effective January 9, 2021. The Board
of Directors, in consultation with management, expects to evaluate
the current finance organization structure and the necessary skill
set for the next chief financial officer. After this evaluation,
the Company plans to conduct a search for a new chief financial
officer, which may include internal candidates.</font></div>
<br>
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</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</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">
SIGNATURES</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<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">&#xA0;</font></div>
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INSIGNIA SYSTEMS, INC.</font></div>
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Date: January 13, 2021</font></div>
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By:</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">/s/
Kristine A. Glancy</font></div>
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Kristine A. Glancy</font></div>
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President and Chief Executive Officer</font></div>
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