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): August 6, 2014

 

iWallet Corporation

(Exact name of small business issuer as specified in its charter)

 

Nevada 27-1830013
(State or other jurisdiction of incorporation or organization) (IRS Employer Identification No.)

 

7394 Trade Street, San Diego, California 92121
(Address of principal executive offices)

 

1-800-508-5042
(Issuer’s telephone number)

 

_

(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 (see General Instruction A.2. below):

 

[ ] 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))

 

 
 

 

Section 8 – Other Events

 

Item 8.01. Other Events

 

On August 6, 2014, our board of directors approved an increase in the monthly compensation paid to our Chief Executive Officer, Steven Cabouli, from $8,000 per month to $12,000 per month. We do not currently have a written employment agreement with Mr. Cabouli.

 

 

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.

 

iWallet Corporation

 

 

/s/ Steven Cabouli

Steven Cabouli

Chief Executive Officer

 

Date: August 6, 2014

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