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SPEX > SEC Filings for SPEX > Form 8-K on 29-Oct-2013All Recent SEC Filings

Show all filings for SPHERIX INC

Form 8-K for SPHERIX INC


Change in Directors or Principal Officers, Financial Statements and Exhibits


On October 28, 2013, the Board of Directors of Spherix Incorporated (the "Company") appointed Alexander Poltorak as a director of the Company.

Mr. Poltorak, 56, has been the Chairman and Chief Executive Officer of General Patent Corp., an intellectual property management firm focusing on IP strategy and valuation, patent licensing, enforcement and brokerage since 1989 and the Managing Director of IP Holdings LLC, an affiliate of General Patent Corp, since 2000. Prior to founding General Patent Corp., Mr. Poltorak served as the President and Chief Executive Officer of Rapitech Systems, Inc., a publicly-traded computer technology company, was an Assistant Professor of Physics at Touro College and Assistant Professor of Biomathematics at Cornell University Medical College. He served as an Adjunct Professor of Law at the Globe Institute for Technology and was a guest-lecturer on Intellectual Property Law and Economics at the Columbia University School of Engineering and Columbia Business School. Mr. Poltorak served on the advisory board of Patent Strategy & Management. He is the Founder and President of non-for-profit American Innovators for Patent Reform (AIPR). He was US Co-chair of the subcommittee on Information Exchange of the US-USSR Trade and Economic Counsel.

Mr. Poltorak has no family relationship with any of the executive officers or directors of the Company. There are no arrangements or understandings between Mr. Poltorak and any other person pursuant to which he was appointed as a director of the Company.

October 28, 2013 the Company entered into an indemnification agreement with Mr. Poltorak that provides, among other things, for the indemnification to the fullest extent permitted or required by Delaware law, provided however, that Mr. Poltorak shall not be entitled to indemnification in connection with (i) any "claim" (as such term is defined in the agreement) initiated by him against the Company or the Company's directors or officers unless the Company joins or consent to the initiation of such claim, or (ii) the purchase and sale of securities by him in in violation of Section 16(b) of the Securities Exchange Act of 1934, as amended. This summary of the indemnification agreement is not complete, and is qualified in its entirety by reference to the full text of the agreement that is attached as an exhibit to this Current Report on Form 8-K.


(d) Exhibits.

The exhibit listed in the following Exhibit Index is furnished as part of this Current Report on Form 8-K.

Exhibit No. Description

10.1 Indemnification Agreement dated October 28, 2013 between Alexander Poltorak and Spherix Incorporated
99.1 Press Release dated October 29, 2013

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