180 Connect Inc. - Current report filing (8-K)
November 15 2007 - 6:02AM
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):
November 12, 2007
180 CONNECT INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
|
|
|
000-51456
|
|
20-2650200
|
(Commission File No.)
|
|
(IRS Employer Identification No.)
|
6501 E. Belleview Avenue
Englewood, Colorado 80111
(Address of principal executive offices) (Zip Code)
Registrants telephone number, including area code
(303) 395-6000
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 5.02
|
|
Departure of Directors or Certain Officers; Election of Directors; Appointment
of Certain Officers; Compensatory Arrangements of Certain Officers.
|
On November 12, 2007, the Board of Directors of 180 Connect Inc. (the Company), upon
recommendation by the Companys Corporate Governance and Nominating Committee, elected Thomas
Joseph Calo, Ed.D. as a member of the Companys Board of Directors, effective November 15, 2007.
Mr. Calo has not yet been appointed to any standing committees of the Board of Directors. The
Company will file an amendment to this Form 8-K to disclose this information after any such
appointment is made. There are no arrangements or understandings between Mr. Calo and any other
person, pursuant to which he was selected as a director, and there are no transactions to which Mr.
Calo has an interest requiring disclosure under Item 404(a) of Regulation S-K.
Mr. Calo will participate in the Companys non-executive director compensation arrangements.
Under the terms of those arrangements, Mr. Calo will receive an annual cash retainer in the amount
of $25,000 paid on a quarterly basis. In addition, pursuant to the Non-Executive Director Stock
Incentive Plan (the Proposed Plan) to be adopted by the Company, the material terms of which were
approved by the Board of Directors on November 12, 2007, Mr. Calo will receive an equity-based
award of $100,000, $50,000 of which will be paid in the form of restricted stock units, and $50,000
of which will be paid in shares of the Companys common stock, which shares will vest over a three
year period in equal annual installments. Issuance of such equity-based compensation is subject to
the approval of the Proposed Plan by the Companys shareholders; provided, that the restricted
stock units will be settled in cash if the Companys shareholders do not approve the Proposed Plan
prior to August 1, 2008. Mr. Calo will also be reimbursed for all reasonable out-of-pocket
expenses incurred by him in connection with meetings of the Board of Directors.
2
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, hereunto duly authorized.
|
|
|
|
|
|
180 CONNECT INC.
(Registrant)
|
|
|
By:
|
/s/ Steven Westberg
|
|
|
|
Steven Westberg
|
|
|
|
Chief Financial Officer
|
|
|
Dated: November 14, 2007
3
China Teletech (CE) (USOTC:CNCT)
Historical Stock Chart
From Jun 2024 to Jul 2024
China Teletech (CE) (USOTC:CNCT)
Historical Stock Chart
From Jul 2023 to Jul 2024