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 report) ~~December~~March 520, ~~2014~~2017

Speedemissions, Inc.

(Exact name of registrant as specified in its charter)

Florida

(State or other jurisdiction of incorporation)

000-49688	~~33~~33-0961488
(Commission File Number)	(IRS Employer Identification No.)

1015 Tyrone Road, Suite 710, Tyrone, Georgia	30290
(Address of principal executive offices)	(Zip Code)

(770) 306-7667

(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):

o☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 1.01

Entry Into a Material Definitive Agreement.

On ~~December~~March 520, ~~2014~~2017, Speedy Operations, Inc., a subsidiary of Speedemissions, Inc. (the “Company”) entered into aand ~~Sale~~closed an Asset Purchase Agreement (the “~~Sale~~Purchase Agreement”) with ~~DEKRA~~Auto ~~Automotive~~Recycling ~~North~~of ~~America~~Montgomery, Inc., aan ~~Delaware~~Alabama corporation (“~~DEKRA~~ARM”), pursuant to which the Company agreed to ~~sell~~purchase ~~the~~certain ~~operating~~ assets ~~comprising~~of ~~its~~ARM, ~~six~~including ~~Utah~~land, ~~emission~~buildings, ~~testing~~equipment ~~centers~~and toinventory ~~DEKRA~~previously used by ARM in ~~exchange~~an auto recycling operation which ceased operations in June of 2014. The purchase price was $175,000 for the land and buildings and $190,~~700,~~000 infor ~~cash.~~the equipment and inventory. The ~~Agreement~~Company ~~contains~~entered ~~customary~~into ~~representations~~two ~~and~~separate ~~warranties~~note ~~from~~agreements with ARM to fund the ~~Company~~purchase of the assets. Terms of each note included an interest rate of ten percent, an amortization term of ten years and ~~DEKRA~~a seven year balloon payment. Monthly payments for the $175,000 land and buildings note and for the ~~Company~~$90,000 ~~has~~equipment ~~also~~and ~~agreed~~inventory tonote ~~customary~~will ~~covenants~~be $2,313 ~~including~~and $1,189, ~~among~~respectively. Using ~~others~~the acquired assets, athe ~~covenant~~Company intends to ~~not~~create ~~own~~an auto recycling business operation, ~~operate~~but orexpects ~~otherwise~~it ~~have~~will antake ~~ownership~~approximately ~~interest~~60 indays anto ~~emission~~hire ~~testing~~employees ~~business~~and ~~within~~put the ~~counties~~necessary ~~where~~business systems in place before sales operations can commence. Under the ~~six~~terms ~~emission~~of ~~testing~~the ~~centers~~Purchase ~~are~~Agreement, ~~located~~payments ~~during~~on the ~~three~~notes ~~years~~will ~~following~~commence 120 days after the closing date of the ~~transaction~~Purchase Agreement.

OnThis ~~December~~asset 5,purchase ~~2014,~~represents the Company’s ~~closed~~decision ~~on the sale of the operating assets comprising five of its Utah emission testing centers~~ to ~~DEKRA~~establish inan ~~exchange~~auto ~~for~~recycling ~~$1,350,000 in cash~~business. The ~~parties agreed that the balance of $350,000 will be paid in cash to the~~ Company ~~upon~~intends ~~the successful closing of the sale of the operating assets comprising the sixth Utah emission testing center which is anticipated~~ to ~~occur~~seek onother ~~or before December 31~~acquisitions, ~~2014.~~subject ~~The shareholders of DEKRA were unrelated~~ to ~~the~~capital ~~Company and its affiliates~~availability, and ~~the~~develop ~~purchase~~an ~~price~~auto ~~was~~recycling ~~determined~~business bysegment ~~arms-length~~in ~~negotiations.~~addition ~~The~~to ~~proceeds from~~ the ~~sale will be used by the~~ Company’s ~~to retire~~ existing ~~debt,~~vehicle ~~reduce~~emissions ~~accounts~~testing ~~payable~~business ~~and provide working capital for future operations~~segment.

~~Following~~The ~~the~~foregoing ~~closing~~description of the ~~sale~~Purchase ofAgreement ~~all~~does ~~six~~not ofpurport ~~the~~to ~~Utah~~be ~~emission~~complete ~~testing~~and ~~centers,~~is qualified in its entirety by reference to the ~~Company~~Purchase ~~will~~Agreement ~~operate~~which 22is ~~emission~~filed ~~testing~~as ~~centers~~Exhibit in10.1 ~~the~~to ~~Atlanta,~~this ~~Georgia~~Current Report on Form 8-K and Stis incorporated herein by reference. ~~Louis~~The Purchase Agreement is described in, ~~Missouri~~and ~~metropolitan~~included ~~areas~~as an exhibit to, ~~plus~~this ~~three~~Current ~~mobile~~Report ~~units~~on inForm ~~the~~8-K ~~Atlanta~~to provide information regarding its terms and conditions, ~~Georgia~~but ~~metropolitan~~it ~~area~~is not intended to provide any other factual information regarding the Company.

The foregoing description of the Sale Agreement does not purport to be complete and is qualified in its entirety by reference to the Sale Agreement which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference. The Sale Agreement is described in, and included as an exhibit to, this Current Report on Form 8-K to provide information regarding its terms and conditions, but it is not intended to provide any other factual information regarding the Company.

Item 2.01

Completion of Acquisition or Disposition of Assets.

The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

Item 8.01 Other Events

On December 11, 2014, the Company issued a press release announcing the sale of the operating assets comprising its Utah emission testing centers to DEKRA. The complete text of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1.

Item 9.01

Financial Statements and Exhibits

(d)

EXHIBITS

Exhibit
Number	Description of Document
10.1	~~Sale~~Asset Purchase Agreement with ~~DEKRA~~Auto ~~Automotive~~Recycling ~~North~~of ~~America~~Montgomery, Inc., dated ~~December~~March 520, ~~2014~~2017
99.1	Speedemissions, Inc. press release dated December 11, 2014

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.

Dated: December 11, 2014	Speedemissions, Inc.,
Dated: March 27, 2017	Speedemissions, Inc.,
	a Florida corporation
	/s/ Richard A. Parlontieri
	By: Richard A. Parlontieri
	Its: President, Chief Executive Officer

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