# EDGAR Filing Document

**Accession Number:** 0001725872
**File Stem:** 0001213900-23-010740
**Filing Date:** 2023-2
**Character Count:** 5830
**Document Hash:** 60e48c69f4dcea0bc95b3fc768ef238c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-23-010740.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0001213900-23-010740

**CONFORMED SUBMISSION TYPE**: 8-K/A

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20230126

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BM Technologies, Inc.
- **CENTRAL INDEX KEY:** 0001725872
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **IRS NUMBER:** 823410369
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38633
- **FILM NUMBER:** 23618680

**BUSINESS ADDRESS:**
- **STREET 1:** 201 KING OF PRUSSIA ROAD
- **STREET 2:** SUITE 650
- **CITY:** WAYNE
- **STATE:** PA
- **ZIP:** 19087
- **BUSINESS PHONE:** (877) 327-9515

**MAIL ADDRESS:**
- **STREET 1:** 201 KING OF PRUSSIA ROAD
- **STREET 2:** SUITE 650
- **CITY:** WAYNE
- **STATE:** PA
- **ZIP:** 19087

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Megalith Financial Acquisition Corp
- **DATE OF NAME CHANGE:** 20171220

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

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K/A**

**(Amendment No. 1)**

**CURRENT REPORT**

**PURSUANT TO SECTION 13 OR 15(d) OF THE**

**SECURITIES EXCHANGE ACT OF 1934**

Date of Report (Date of earliest event reported): **January 26, 2023** 

**BM TECHNOLOGIES, INC.**

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Delaware** | **001-38633** | **82-3410369** |
| (State or other jurisdiction<br> of incorporation) | (Commission File Number) | (IRS Employer<br> Identification No.) |

---

**201 King of Prussia Road, Suite 650**

**Wayne, PA 19087**

(Address of principal executive offices, including zip code)

Registrant's telephone number, including area code: **(877) 327-9515**

(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))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common Stock | BMTX | NYSE American LLC |
| Warrants to purchase Common Stock | BMTX.W | NYSE American LLC |

---

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 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.**

 

Reference is made to the Current Report on Form 8-K of BM Technologies, Inc. (the "Company") dated January 26, 2023 and filed with the Securities and Exchange Commission on January 30, 2023 (the "Original Form 8-K").

In the Original Form 8-K, the Company reported under Item 5.02 that, in connection with Robert Ramsey's transition from Chief Financial Officer to a corporate development role, Mr. Ramsey's new compensation arrangements associated with the transition had not been finalized and, therefore, were not available at that time.

On February 7, 2023, the Company and Mr. Ramsey entered into a Severance Agreement and General Release (the "Separation Agreement") providing, in addition to certain customary terms and conditions, that Mr. Ramsey's employment with the Company will end on March 31, 2023 (the "Separation Date") and that, until the Separation Date, Mr. Ramsey will serve in the role of Head of Corporate Development for the Company and will receive his current base salary pro rata for such period. The Separation Agreement provides that upon satisfactory performance of the duties outlined through the Separation Date, Mr. Ramsey will receive the following payments less any applicable withholdings and deductions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· a severance payment of $63,462, which equates
to 12 weeks of his current base salary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· reimbursement for four weeks of COBRA health
insurance premiums;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· payment for all earned and unused paid time off;
and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· a transition assistance bonus of $90,000, payable
in two installments.

**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.

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| | | |
|:---|:---|:---|
|  | **BM Technologies, Inc.** | **BM Technologies, Inc.** |
| Dated: February 13, 2023 | By: | /s/ Luvleen Sidhu |
|  |  | Luvleen Sidhu |
|  |  | Chief Executive Officer |

---