UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 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): April 826, 2019

FMC GlobalSat Holdings, Inc.

(Exact name of registrant as specified in its charter)

Delaware		333-224906		82-2691035
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

3301 SE 14^th Avenue

Fort Lauderdale, FL 33316

(Address of principal executive offices) (zip code)

954-678-0697

(Registrant’s telephone number, including area code)

Not applicable

(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:

☐

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. ☐

~~Item 5.02~~Securities ~~Departure~~registered ofpursuant ~~Directors~~to orSection 12(b) ~~Certain Officers; Election~~ of ~~Directors;~~the ~~Appointment of Certain Officers; Compensatory Arrangements of Certain Officers~~Act:

~~On April~~Title ~~8, 2019, the Board~~ of ~~Directors~~each ~~(the~~class ~~“Board”)~~Trading ~~of FMC GlobalSat Holdings, Inc., a Delaware corporation~~ Symbol(~~the “Company”~~s) ~~appointed~~ ~~David~~Name ~~Montanaro~~of toeach ~~serve~~exchange ason awhich ~~director of the Company.~~registered

~~Mr.~~Item ~~Montanaro, 73, has been the founder and Chief Executive Officer of Strategic Advisory Associates, which provides advisory and consulting services for growth companies, since 2009~~2. ~~Mr.~~03 ~~Montanaro~~Creation ~~is a founding member~~ of ~~the Seed Capital Fund of Central New York, LLC. Most recently, from 2012-2016, he was Chief Executive Officer and Chairman of the Board of Directors of IQMax, Inc., and from 2010-2015, was~~ a ~~director~~Direct ofFinancial ~~CloudSmartz/IPLogic,~~Obligation ~~Inc.~~or ~~Mr.~~an ~~Montanaro~~Obligation ~~has~~Under ~~deep~~an expertise in several technologies that are directly related to the Company. Among these include IoT, mobile communications, and data networking. Mr. Montanaro also has significant experience in business development, sales, and management. He has spent more than 35 years in executive management, which include serving as Chairman and Chief Executive Officer of NEC eLuminant Technologies, a marketOff-~~leading~~Balance ~~optical~~Sheet ~~networking company.~~Arrangement ~~Mr. Montanaro is an executive advisor, mentor and business judge for the Genius New York Drone/UAS program. Mr. Montanaro is qualified to serve as a member~~ of ~~our board of directors due to this experience as~~ a ~~business executive, a director of companies (both public and private) and his specific experience in the telecommunications industry.~~Registrant

~~There is~~On noApril ~~arrangement~~26, or2019, ~~understanding~~FMC ~~between~~GlobalSat MrHoldings, Inc., ~~Montanaro~~a ~~and~~Delaware corporation ~~any~~(the ~~other~~“Company”), ~~person~~issued ~~pursuant~~a convertible promissory note (the “Note”) in the aggregate principal amount of $225,000 to ~~which~~an heaccredited ~~was~~investor ~~appointed~~(the as“Holder”). The Note matures on October 26, 2020 (“Maturity Date”) and bears interest at a rate of 12% per annum, payable monthly. The entire then outstanding principal amount, and ~~director~~any accrued but unpaid interest, of the Note shall be automatically converted into shares of the Company’s common stock on the Maturity Date. ~~There~~Notwithstanding isthe noforegoing, ~~family~~the ~~relationship~~Holder ~~between~~may ~~Mr.~~convert ~~Montanaro~~the then outstanding principal and any ~~director~~accrued orbut ~~executive~~unpaid interest ~~officer~~beginning ofon the date the Company’s Common Stock is publicly traded and ~~Mr.~~ending ~~Montanaro~~on isthe ~~not~~Maturity Date at a ~~party~~conversion price toof a$1.50 ~~related~~per ~~party~~share. ~~transaction~~The ~~within~~Company ~~the~~may ~~meaning~~prepay ofall ~~Item~~or ~~404(a)~~any portion of ~~Regulation S-K~~the Note at any time without penalty.

~~Additionally, on~~The ~~April~~foregoing 8,description ~~2019,~~of the ~~Board~~Note ~~appointed~~does ~~Emmanuel~~not ~~Cotrel,~~purport ~~the~~to ~~Company’s~~be complete ~~current~~and ~~Chief~~is ~~Executive~~qualified ~~Officer,~~in its entirety by reference to ~~serve~~the ascomplete text of the ~~Company’s~~form of Promissory Note filed as Exhibit 10.1 ~~Principal~~hereto, ~~Financial~~which ~~Officer~~is ~~and~~incorporated ~~Principal~~herein ~~Accounting~~by ~~Officer~~reference.

1Item 3.02 Unregistered Sales of Equity Securities

~~SIGNATURES~~The disclosures set forth in Item 2.03 are incorporated by into this Item 3.02 by reference. The issuance of the Note was made in reliance on an exemption from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”) and Regulation D (Rule 506) under the Securities Act.

~~Pursuant to~~Item ~~the~~9.01 ~~requirements~~Financial ofStatements ~~the~~and ~~Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized~~Exhibits.

	FMC GLOBALSAT HOLDINGS, INC.
Dated: April 12, 2019	/s/ Emmanuel Cotrel
	Emmanuel Cotrel
	Chief Executive Officer

(d) Exhibits

Exhibit No.		Description

10.1		Convertible Promissory Note, dated April 26, 2019

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.

	FMC GLOBALSAT HOLDINGS, INC.

Dated: May 2, 2019	/s/ Emmanuel Cotrel
	Emmanuel Cotrel
	Chief Executive Officer

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