Mdwerks, Inc. - Current report filing (8-K)
June 25 2008 - 5:25PM
Edgar (US Regulatory)
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): April 10, 2008
(Exact
name of registrant as specified in its charter)
Delaware
(State
or
Other Jurisdiction of Incorporation)
|
333-118155
|
33-1095411
|
|
(Commission
File Number)
|
(IRS
Employer Identification
Number)
|
Windolph
Center, Suite I
1020
N.W.
6
th
Street
Deerfield
Beach, FL 33442
(Address
of Principal Executive Offices)
(954)
389-8300
(Registrant’s
Telephone Number, Including Area Code)
(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):
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 240.14-12)
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 13-e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
5.02
Departure
of Directors or Principal Officers; Election of Directors; Appointment of
Principal Officers; Compensatory Arrangements of Certain Officers.
(e)
On
April 10, 2008, MDwerks, Inc. granted Non-qualified Stock Options (NQO) and
Incentive Stock Options (ISO) pursuant to the MDwerks, Inc. 2005 Incentive
Compensation Plan to certain officers as described below:
|
Name
of Optionee
|
Title
|
Number
of Shares
Underlying
Option
|
|
|
|
|
|
Howard
Katz
|
Chief
Executive Officer
|
1,370,000
NQO Shares
|
|
|
|
130,000
ISO Shares
|
|
|
|
|
|
Vincent
Colangelo
|
Chief
Financial Officer
|
100,000 ISO Shares
|
|
|
|
|
|
Stephen
Weiss
|
Chief
Operating Officer
|
100,000 ISO Shares
|
The
Options, which vested immediately, were recommended by the Compensation
Committee and approved by the Board of Directors at the common stock exercise
price of $0.75 per share and will expire on April 9, 2018. The closing price
of
the MDwerks, Inc. common stock on the date prior to the grant was $0.60 per
share.
Item
9.01
Financial
Statements and Exhibits
(d)
Exhibits
The
following exhibits are filed as part of this report:
Exhibit
Index
|
|
4.1
|
MDwerks,
Inc. 2005 Incentive Compensation Plan
1
|
|
|
4.2
|
Form
of MDwerks, Inc. Non-Qualified Stock Option Agreement
2
|
|
|
4.3
|
Form
of MDwerks, Inc. Incentive Stock Option Agreement
3
|
_________________
|
1
|
Incorporated
by reference to Exhibit 4.1 included with our Current Report on Form
8-K,
filed with the SEC on November 18,
2005.
|
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.
|
|
|
|
|
|
MDWERKS,
INC.
|
|
|
|
|
Date: June
25, 2008
|
By:
|
/s/ Howard B. Katz
|
|
|
Howard
B. Katz
|
|
|
Chief
Executive Officer
|
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