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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
December 23, 2023
Future FinTech Group Inc.
(Exact name of registrant as specified in its
charter)
Florida |
|
001-34502 |
|
98-0222013 |
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification No.) |
Americas Tower, 1177 Avenue of The Americas,
Suite 5100, New York, NY 10036
(Address of principal executive offices, including
zip code)
888-622-1218
(Registrant’s telephone number, including
area code)
N/A
(Former name or former address, if changed since
last report.)
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):
☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
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. ☐
Securities registered pursuant to Section 12(b)
of the Act:
Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which
registered |
Common Stock, par value $0.001 per share |
|
FTFT |
|
Nasdaq Stock Market |
Item 5.02 Departure
of Directors or Certain officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 23, 2023
(the “Grant Date”), the Compensation Committee of the Board of Directors (the “Board”) of Future FinTech Group,
Inc. (the “Company”) granted certain stock awards of common stock of the Company, par value $0.001 (the “Common Stock”),
pursuant to the Company’s 2023 Omnibus Equity Plan, to sixteen officers and employees of the Company and its subsidiaries (the “Grantees”),
including: 200,000 shares to Shanchun Huang, Chief Executive Officer and President of the Company, 40,000 shares to Peng Lei, Chief Operating
Officer of the Company, and 30,000 shares to Hoo Lee, Corporate Secretary of the Company (collectively, the “Grants”).
The Grants vested immediately on the Grant Date and each of the Grantees also entered into an Unrestricted Stock Award Agreement with
the Company on December 23, 2023. The form of Unrestricted Stock Award Agreement is filed as Exhibits 10.1 to this Current Report
on Form 8-K and incorporated herein by reference.
Item 9.01 Financial
Statements and Exhibits.
(d) Exhibits
SIGNATURES
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.
|
Future FinTech Group Inc. |
|
|
Date: December 26, 2023 |
By: |
/s/ Shanchun Huang |
|
Name: |
Shanchun Huang |
|
Title: |
Chief Executive Officer |
2
Exhibit 10.1
future
fintech group, Inc
UNRESTRICTED
STOCK AWARD aGREEMENT
THIS UNRESTRICTED STOCK AWARD
AGREEMENT (“Agreement”) is entered into by and between Future FinTech Group, Inc., a Florida corporation (the
“Company”) and the Grantee effective as of Grant Date. The Administrator has authorized this grant
of the Unrestricted Stock to the Grantee as set forth below. Unless otherwise indicated, any capitalized term used but not defined herein
shall have the meaning as described to such term in the Future FinTech Group, Inc. 2023 Omnibus Equity Plan (the “2023 Plan”).
Grantee: |
|
Grant Date: |
December 23, 2023 |
Number of Shares:
Purchase Price (per Share): |
$0
|
The parties hereto agree as
follows:
1. Grant
of Unrestricted Stock. Subject in all respects to the 2023 Plan and the restrictions and conditions herein, the Grantee is hereby
granted Shares of Unrestricted Stock at the Purchase Price as set forth above.
2. No
Period of Restriction. The Unrestricted Stock is fully vested as of the Grant Date.
3. Stockholder
Rights. The Grantee will have the right to vote such Unrestricted Stock and the right to receive any dividends declared or paid
upon receiving such Unrestricted Stock.
4. Securities
Law Compliance. Shares of Common Stock acquired applicable to this Unrestricted Stock Award are subject to the terms and conditions
of the 2023 Plan (Securities Law and Other Regulatory Compliance). The Grantee acknowledges and makes the representations and warranties
as described below, and agrees to provide such other representations and warranties and take such actions as otherwise may be requested
by the Company for compliance with applicable laws, and any issuance of Common Stock by the Company shall be made in reliance upon the
express representations and warranties of the Grantee that:
(a) the
Grantee is acquiring the Common Stock for his or her own account, for investment purposes and without any present intention of distributing
or reselling said Common Stock, except as permitted under the Securities Act;
(b) the
Grantee is fully aware of the highly speculative nature of the investment in the Common Stock, the financial hazards involved in the investment,
and the lack of liquidity and restrictions on transferability of the Common Stock (e.g., that the Grantee may not be able to sell
or dispose of the Common Stock or use it as collateral for loans); and
(c) the
Grantee has received and had access to such information as the Grantee considers necessary and appropriate for deciding whether to invest
in the Common Stock and has had an opportunity to ask questions and receive answers from the Company regarding the terms and conditions
of the issuance.
5. Certificate(s)
Representing Unrestricted Stock. The Company shall issue Common Stock either in certificate form or in book entry form, registered
in the name of the Grantee.
6. Tax
Withholding. As a condition to the issuance of Common Stock applicable to this Unrestricted Stock Award, the Grantee must remit
to the Company the statutory minimum (but not more) amount necessary to satisfy any applicable Federal, state or local tax withholding
requirements.
7. Provisions
of Plan Control. This Agreement is subject to all terms, conditions and provisions of the 2023 Plan, including, without limitation,
the amendment provisions thereof, and to such rules, regulations and interpretations relating to the 2023 Plan as may be adopted by the
Board and as may be in effect from time to time. The 2023 Plan is incorporated herein by reference. If and to the extent that this Agreement
conflicts or is inconsistent with the terms, conditions and provisions of the 2023 Plan, the 2023 Plan shall control and this Agreement
shall be deemed to be modified accordingly. This Agreement contains the entire agreement and understanding of the parties with respect
to the subject matter hereof and supersedes any prior agreements and understandings (whether written or oral) between the Company and
the Grantee with respect to the subject matter hereof.
8. Successors,
Assigns and Transferees. This Agreement shall be binding upon, and inure to the benefit of, the parties hereto and each of their
respective successors and permitted transferees (including, upon the death of the Grantee, the Grantee’s estate).
9. Not
an Employment Contract. This Agreement is not an agreement of employment or an agreement to engage Grantee as a director or an
independent contractor. This Agreement does not guarantee that the Company or any affiliate will employ, retain, contract with or continue
to employ, retain or contract with the Grantee during the entire, or any portion of the, term of this Agreement, nor does it modify in
any respect the Company’s or any affiliate’s right to terminate or modify the Grantee’s employment, engagement or compensation.
10. Confidentiality.
The Grantee agrees that he/she will not disclose to any third party the grant of unrestricted stock award, number of shares granted and
the existence of this agreement unless it is required by the laws, regulations or rules of SEC.
11. Governing
Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Florida, without giving
effect to any choice of law or conflict of law provision or rule.
12. Counterparts.
This Agreement may be executed and delivered (including by facsimile or other electronic transmission) with counterpart signature pages
or in separate counterparts each of which shall be an original and all of which taken together shall constitute one and the same agreement.
IN WITNESS WHEREOF, the parties have executed this
Agreement on the date set forth above.
|
Future FinTech Group, Inc. |
|
|
|
|
By: |
|
|
Name: |
|
|
Title: |
|
|
|
|
|
GRANTEE |
|
|
|
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By: |
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Name: |
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Dec. 23, 2023 |
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Entity File Number |
001-34502
|
Entity Registrant Name |
Future FinTech Group Inc.
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Entity Central Index Key |
0001066923
|
Entity Tax Identification Number |
98-0222013
|
Entity Incorporation, State or Country Code |
FL
|
Entity Address, Address Line One |
Americas Tower
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Entity Address, Address Line Two |
1177 Avenue of The Americas
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Entity Address, Address Line Three |
Suite 5100
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Entity Address, City or Town |
New York
|
Entity Address, State or Province |
NY
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Entity Address, Postal Zip Code |
10036
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Trading Symbol |
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Security Exchange Name |
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