# EDGAR Filing Document

**Accession Number:** 0001022505
**File Stem:** 0001493152-23-005582
**Filing Date:** 2023-2
**Character Count:** 13296
**Document Hash:** aa5b77f30d57732023ebc336dddbe912
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-23-005582.hdr.sgml**: 20230221

**ACCESSION NUMBER**: 0001493152-23-005582

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20230215

**ITEM INFORMATION**: Submission of Matters to a Vote of Security Holders

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230221

**DATE AS OF CHANGE**: 20230221

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SideChannel, Inc.
- **CENTRAL INDEX KEY:** 0001022505
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
- **IRS NUMBER:** 860837077
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-28745
- **FILM NUMBER:** 23645397

**BUSINESS ADDRESS:**
- **STREET 1:** 6836 BEE CAVE ROAD
- **STREET 2:** BLDG 1, SUITE 279
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78746
- **BUSINESS PHONE:** 512-649-7700

**MAIL ADDRESS:**
- **STREET 1:** 6836 BEE CAVE ROAD
- **STREET 2:** BLDG 1, SUITE 279
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78746

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CIPHERLOC Corp
- **DATE OF NAME CHANGE:** 20150423

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NATIONAL SCIENTIFIC CORP/AZ
- **DATE OF NAME CHANGE:** 19991229

?xml version="1.0" encoding="utf-8"?

**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): **February 15, 2023**

**SideChannel, Inc.**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **000-28745** | **86-0837077** |
| (State or other jurisdiction | (Commission | IRS Employer |
| of incorporation or organization) | File Number) | Identification No.) |

---

**146 Main Street** **, Suite 405, Worcester, MA 01608**

(Address of principal executive offices)

Registrant's telephone number, including area code: **(508)** **925-0114**

(Former name or former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act: None

**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))

Securities registered pursuant to Section 12(g) 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** | **SDCH** | **N/A** |

---

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 5.07 Submission of Matters to a Vote of Security Holders**

On February 15, 2023, SideChannel, Inc. (the "Company") held its 2022 Annual Meeting of Stockholders (the "Annual Meeting"). The record date fixed by the Board of Directors ("Board") for stockholders entitled to notice of and to vote at the meeting was December 23, 2022. At the close of business on December 23, 2022, there were 148,724,056 shares of common stock of the Company issued and outstanding along with 100 shares of Series A Preferred stock of the Company issued and outstanding. The combined total number of shares eligible to vote was 148,724,156.

A total of 119,846,018 shares of common stock, constituting a quorum, were represented in person or by valid proxies at the Annual Meeting. The final results for each of the matters submitted to a vote of stockholders at the Annual Meeting, as set forth in the Definitive Proxy Statement, filed with the Securities and Exchange Commission on January 6, 2023, are as follows:

*Proposal 1*. Two (2) nominees for director were elected to serve until the 2023 Annual Meeting of Stockholders or until their respective successors have been duly elected and qualified, or until such director's earlier resignation, removal or death. The result of the votes to elect the two (2) directors was as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Directors** | **For** | **For** | **Against** | **Against** | **Abstain** | **Abstain** | **Broker Non Vote** | **Broker Non Vote** |
| Anthony Ambrose |  | 83498364 |  | 0 |  | 446186 |  | 35901468 |
| Kevin Powers |  | 83498325 |  | 0 |  | 446225 |  | 35901468 |

---

*Proposal 2.* The appointment of RBSM, LLP as the Company's independent registered public accounting firm for its fiscal year ended September 30, 2023 was ratified and approved by the stockholders by the votes set forth in the table below:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **For** | **For** | **Against** | **Against** | **Abstain** | **Abstain** | **Broker Non Vote** | **Broker Non Vote** |
|  | 119423038 |  | 394481 |  | 28499 |  | 0 |

---

*Proposal 3.* Discretionary authority was granted to our Board (i) to combine outstanding shares of our common stock into a lesser number of outstanding shares, or a "reverse stock split," at a specific ratio within a range of 1-for-2 to a maximum of a 1-for-100 split, with the exact ratio to be determined by our Board in its sole discretion; and (ii) effect the reverse stock split, if at all, within two years of the date the proposal was approved by the stockholders by the votes set forth in the table below:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **For** | **For** | **Against** | **Against** | **Abstain** | **Abstain** | **Broker Non Vote** | **Broker Non Vote** |
|  | 115048564 |  | 4374874 |  | 422578 |  | 2 |

---

**Item 8.01 Other Events.**

*Appointment of Board Chairwoman*

 

The Board unanimously elected Ms. Deborah MacConnel as its Chairwoman at is meeting on February 15, 2023.

Ms. MacConnel joined the Board on July 1, 2022 and has been involved in the computer industry for 34 years, retiring recently from International Business Machines Corporation ("IBM") (NYSE: IBM) after 28 years. Prior to her retirement, Ms. MacConnel was instrumental in transforming information technology for IBM's human resources function, which supported up to 450,000 employees. Ms. MacConnel's team at IBM was also responsible for transforming the succession planning process for executive selection and promotion, along with enhancing the processes for mergers and acquisition management and talent acquisition. Ms. MacConnel has a Bachelor of Science degree in Business Administration from the University of Texas.

 

*Appointment of Board Committee Chairs*

 

Also at its February 15, 2023 meeting, the Board elected:

● Hugh Regan to continue in his role as Audit Committee Chairman.

● Kevin Powers as the Compensation Committee Chairman.

● Anthony Ambrose to continue in his role as Nomination and Corporate Governance Committee Chairman.

 

*Press Release*

On February 21, 2023, the Company issued a press release announcing the results of the Annual Meeting and the election of Ms. MacConnel as the Chairwoman of the Board. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1.

*Investor Day Video Conference Replay*

 

A replay of SideChannel's Investor Day is available at https://investors.sidechannel.com/events-presentations. The information in this Form 8-K is a summary only and is subject to and qualified by the entire Investor Day as streamed.

**Item 9.01 Financial Statements and Exhibits**

(d) Exhibits

---

| | |
|:---|:---|
| **Exhibit No**. | **Description** |
| 99.1 | [Press release dated February 21, 2023](ex99-1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

SIGNATURE

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: February 21, 2023

---

| | |
|:---|:---|
| SIDECHANNEL, INC. | SIDECHANNEL, INC. |
| By: | */s/ Ryan Polk* |
|  | Ryan Polk |
|  | Chief Financial Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

**SideChannel Announces Annual Meeting Results**

***Deborah MacConnel Named as Chairwoman***

**WORCESTER, Mass., Feb. 21, 2023 (GLOBE NEWSWIRE) — via InvestorWire —** <u>SideChannel</u>, Inc. (OTCQB:SDCH) ("SideChannel"), a provider of cybersecurity products and services to emerging, middle-market and enterprise companies, today announces the results of its annual meeting of stockholders, held Feb. 15, 2023, and summarizes highlights from its <u>Investor Day broadcast</u> on Feb. 15, 2023.

**At the company's annual meeting of stockholders:**

● Elected Anthony Ambrose and Kevin Powers to the board of directors.

● Ratified the appointment of RBSM, LLP as the company's independent auditor.

● Granted discretionary authority to the board of directors to combine outstanding shares of SideChannel's common stock into a lesser number of outstanding shares, with the exact ratio to be determined by the board of directors within a range of 1-for-2 to a maximum of 1-for-100.

**During the company's live-streamed investor day, CEO Brian Haugli and CFO Ryan Polk:**

● Described the factors underpinning the growing demand for SideChannel's cybersecurity program leadership.

● Invited three employees to tell their stories illustrating SideChannel's winning value proposition for cybersecurity professionals.

● Emphasized SideChannel's focus on revenue relationships, evidenced by the Company's trailing 12-month revenue.

● Reiterated SideChannel's recently announced quarterly revenue growth of 26% on a quarter-over-quarter basis and 48% when compared to the prior year.

"We appreciate the stockholder approval of our annual meeting proposals. We are committed to increasing direct engagement with our stockholders and were pleased with the participation at our investor day," said Brian Haugli.

Haugli added, "Our team is delivering meaningful leadership to our clients, and we want our stockholders to understand why mid-market companies appreciate what we do and why cybersecurity professionals love being on the SideChannel team."

A replay of SideChannel's Investor Day is available **<u>here</u>.**

SideChannel also held a meeting of its board of directors on Feb. 15, 2023, at which Deborah MacConnel was elected chairwoman. MacConnel's career in technology and software started at Adobe. She recently retired from IBM, where she led global sales teams and led the transformation of IBM's internal processes in human resources.

"We value Deborah's experience in building successful, customer-focused teams at global technology companies. We are fortunate to have her influence our go-to-market strategies and culture," Haugli said.

"SideChannel is doing something special," MacConnel commented. "They are focused on solving a significant challenge for mid-market companies, and I look forward to working with the other members of the board to support and monitor SideChannel's progress."

**About SideChannel**

SideChannel is committed to creating top-tier cybersecurity programs for mid-market companies to help them protect their assets. SideChannel employs what it believes to be skilled and experienced talent to harden these companies' defenses against cybercrime in its many forms. SideChannel's team of C-suite-level information security officers possesses a combined experience of over 400 years in the industry. To date, SideChannel has created more than 50 multilayered cybersecurity programs for its clients. Learn more at <u>sidechannel.com</u>.

Interested investors and stockholders are encouraged to sign up for press releases and industry updates by registering for email alerts at <u>https://investors.sidechannel.com/alerts</u> and by following SideChannel on Twitter and LinkedIn.

**SideChannel**

146 Main St. Suite 405

Worcester, MA 01608

**Investor Contact**

Scott McGowan

InvestorBrandNetwork (IBN)

310-299-1717

<u>ir@sidechannel.com</u>

**Media Contact**

Jamie Szwiec

STiR-communications

954-647-0052

<u>jamie@stir-communications.com</u>

**Forward-Looking Statements**

**Corporate Communications:**

InvestorBrandNetwork (IBN)

Los Angeles, California

www.InvestorBrandNetwork.com

310.299.1717 Office

Editor@InvestorBrandNetwork.com