US Dataworks Inc - Current report filing (8-K)
June 18 2008 - 3:51PM
Edgar (US Regulatory)
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): June 12, 2008
US DATAWORKS, INC.
(Exact name of registrant as specified in its charter)
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Nevada
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001-15835
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84-1290152
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(State or Other Jurisdiction of
Incorporation)
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(Commission File Number)
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(I.R.S. Employer
Identification Number)
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One Sugar Creek Blvd.,
5
th
Floor
Sugar Land, Texas
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77478
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(Address of principal executive offices)
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(Zip Code)
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(281) 504-8000
(Registrants 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 obligations of the registrant under any of the following provisions (see General
Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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o
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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o
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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o
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240-13e-4(c))
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Item 5.02.
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Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
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On May 15, 2008, US Dataworks, Inc. (the Company) announced the promotion of Mario
Villarreal to President and Chief Operating Office,. In connection with his promotion, the Company
and Mr. Villarreal entered with an Employment Agreement on June 12, 2008 (the Agreement). Under
the Agreement Mr. Villarreal will receive an annual base salary of $185,000 for a term of one year.
If Mr. Villarreal is terminated, other than for cause, death or disability, or resigns within 60
days following a material reduction in duties or a material reduction in compensation within six
months following a change of control, Mr. Villarreal is entitled to receive a lump sum payment
equal to one-half (0.5) times his annual base salary and any unpaid base salary and bonus, subject
to compliance with certain ongoing obligations and the delivery of a release to us.
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Item 9.01.
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Financial Statements and Exhibits.
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(d) Exhibits
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Exhibit No.
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Description
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10.1
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Employment Agreement dated June 12, 2008 by and between the
Registrant and Mario Villarreal.
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-2-
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:
June 18, 2008
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US DATAWORKS, INC.
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By:
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/s/ Charles E. Ramey
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Charles E. Ramey
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Chief Executive Officer
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EXHIBIT INDEX
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Exhibit No.
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Description
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10.1
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Employment Agreement dated June 12, 2008 by and between the
Registrant and Mario Villarreal.
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-4-
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