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): ~~August~~September 8, 2017

RIGHTSCORP, INC.

(Exact Name of Registrant as Specified in Charter)

Nevada

000-55097

33-1219445

(State or other jurisdiction

of incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

3100 Donald Douglas Loop North

Santa Monica, California

90405

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code: (310) 751-7510

(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:

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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 193 3 (§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 o

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. o

Item 38.0201 ~~Unregistered~~Other ~~Sales of Equity Securities.~~Events

~~The~~As ~~information~~previously ~~provided~~ reported in ~~response~~Rightscorp, toInc.’s ~~Item~~(the ~~5.02~~“Company”) Form 8-K, filed on August 4, 2017, the Company entered into two service agreements (the “Service Agreements”) with a holder (“Client”) of ~~this~~several ~~report~~copyrights at risk of infringement isthrough ~~incorporated~~peer-to-peer networks. As then reported, the Service Agreements were subject to termination by ~~reference~~the ~~into~~Client ~~this~~at ~~Item~~any 3time for any reason on forty-five (45) days prior written notice to the Company.02 By written notice, dated and received by the Company on September 8, 2017, the Client elected to terminate the Service Agreements. Thus, effective October 23, 2017, the Service Agreements will be of no further force or effect. In terminating the Service Agreements, the Client stated that it believed that the Company’s information, data, and services did not sufficiently meet the Client’s requirements or sufficiently support its anti-piracy litigation efforts compared to other tools and data available to Client, and that the Client did not believe it had sufficient time or budget available to work with the Company to better meet its needs.

~~Item~~Additionally, 5effective September 15, 2017, the Company entered into a new Representation Agreement with a copyright holder (“New Client”), pursuant to which the Company will collect data as to infringements of protected copyrights of the New Client and, if applicable, send notices to the Internet Service Providers of infringers of such infringements including, without limitation, DMCA notices and take down letters in the form required by law.02 ~~Departure~~The Company will also collect funds from settlements with infringers as a result of ~~Directors~~these ornotices. ~~Certain~~In ~~Officers;~~exchange, ~~Election~~the Company will receive 37.5% of ~~Directors;~~net ~~Appointment~~settlement revenues received by the Company through its website, and 50% of ~~Certain~~net ~~Officers;~~settlement ~~Compensatory~~revenues ~~Arrangements~~collected by Company call center agents. This new Representation Agreement has an initial term of ~~Certain~~six ~~Officers~~(6) months, followed by automatic renewals in monthly increments. This Representation Agreement may be terminated by the New Client at any time for any reason upon thirty (30) days prior written notice to the Company.

On August 8, 2017, Rightscorp, Inc. (the “Company”) entered into an employment agreement (the “Employment Agreement”) with Christopher Sabec, the Company’s President. By unanimous written consent, the Board of Directors of the Company ratified the term and conditions of the Employment Agreement on that same date. Under the Employment Agreement, Mr. Sabec will serve as the Company’s President for a term of three years (the “Initial Term”) from Mr. Sabec’s appointment effective August 1, 2017 (the “Effective Date”), which term will renew automatically for successive one-year terms (each, a “Renewal Term”) unless terminated in accordance therewith. The Company will pay Mr. Sabec an annual base salary of $150,000, except that, (i) the base salary will increase from $150,000 to $250,000, effective upon the Company’s achievement of $100,000 in gross monthly revenue for three consecutive months, (ii) the base salary will increase to $350,000 upon the Company achieving $2,500,000 in gross revenue in any one year period commencing on the Effective Date, and (iii) effective upon the Company’s receipt of an aggregate of $10,000,000 in cumulative gross revenue, the base salary will increase to $500,000. The Company also agreed to pay Mr. Sabec a bonus of $50,000 upon execution of the Employment Agreement, and Mr. Sabec shall be eligible to receive an annual bonus at the discretion of the Board. Pursuant to the Employment Agreement, the Company issued to Mr. Sabec, on the Effective Date, options to purchase 5,000,000 shares of common stock (the “Options”) at a price of $0.05/per share, expiring 10 years from the Effective Date. 1,500,000 of the Options shall vest as of the Effective date, and the remaining 3,500,000 of the Options shall vest in 48 equal monthly installments (each installment, 72,917 options) thereafter.SIGNATURES

IfPursuant the Company terminates the Employment Agreement without Cause (as defined in the Employment Agreement), Mr. Sabec terminates the Employment Agreement for Good Reason (as defined in the Employment Agreement), or the Company fails to ~~renew~~ the ~~Employment Agreement, all unvested Options shall immediately~~requirements ~~vest and Mr. Sabec will be entitled to receive a lump sum payment equal to the greater~~ of ~~(i) six months of Mr. Sabec’s base salary, and (ii) (a)~~ the ~~base~~Securities ~~salary~~Exchange ~~payable~~Act ~~for the remainder~~ of ~~the Initial Term (in the event such termination occurs during the Initial Term)~~1934, ~~or (b)~~ the ~~base~~Registrant ~~salary~~has ~~payable~~duly ~~for~~caused ~~the~~this ~~remainder~~report of the Renewal Term (in the event such termination occurs during a Renewal Term). If the Company terminates the Employment Agreement with Cause, Mr. Sabec terminates the Employment Agreement without Good Reason, or Mr. Sabec fails to renew the Employment Agreement, Mr. Sabec will receive those accrued but unpaid items, including but not limited any accrued but unpaid base salary, as of the termination date. If the Company terminates the Employment Agreement without Cause or Mr. Sabec terminates the Employment Agreement for Good Reason following a Change in Control of the Company (as defined in the Employment Agreement), Mr. Sabec will be ~~entitled~~signed toon ~~receive~~its abehalf ~~lump~~by ~~sum payment equal to~~ the ~~sum of three years~~undersigned ofhereunto ~~Mr.~~duly ~~Sabec’s base salary on the date of termination~~authorized.

The foregoing description of the Employment Agreement does not purport to be complete and is qualified in its entirety by reference to the complete text of the Employment Agreement, which is filed as Exhibit 10.1 hereto, and which is incorporated herein by reference.


Date: September 14, 2017	RIGHTSCORP, INC.


	By:	/s/ Cecil Bond Kyte
	Name:	Cecil Bond Kyte
	Title:	Chief Executive Officer

In connection with the foregoing grant of Options to Mr. Sabec, the Company relied upon the exemption from registration provided by Section 4(a)(2) under the Securities Act of 1933, as amended, for transactions not involving a public offering.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

10.1 Employment Agreement between Rightscorp, Inc. and Christopher Sabec.

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.

Date: August 18, 2017	RIGHTSCORP, INC.
	By:	/s/Christopher Sabec
	Name:	Christopher Sabec
	Title:	President

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