Attached files
file | filename |
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EX-99.2 - FAQ DATED MARCH 3, 2010 - PUREDEPTH, INC. | ex99-02.htm |
EX-10.1 - AMENDMENT 2, EMPLOYMENT AGREEMENT WITH ANDY WOOD - PUREDEPTH, INC. | ex10-01.htm |
EX-99.1 - PRESS RELEASE DATED MARCH 3, 2010 - PUREDEPTH, INC. | ex99-01.htm |
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): March 3, 2010
PUREDEPTH,
INC.
(Exact
name of registrant as specified in its charter)
Delaware
|
None
|
20-4831825
|
(State
or other jurisdiction of incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
|
303 Twin
Dolphin Drive, Suite 600
Redwood
City, California 94065
(Address
of principal executive offices) (Zip code)
(650)
632-4651
(Registrant’s
telephone number, including area code)
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))
1
Item
5.02 Compensatory Arrangement for Certain Officers
On March
3, 2010, PureDepth, Inc. amended the original employment agreement dated August
27, 2008, (“Initial Agreement”) it had with Mr. Andrew Wood, Chief Executive
Officer. The amendment (“Amended Agreement”) to the Initial Agreement
is effective March 1, 2010. Under the terms of the Amended Agreement, Mr. Wood
will devote at least 10 full business days to PureDepth business. The
Amended Agreement provides that Mr. Wood will receive an annual base salary of
$125,000 and participation in Pure Depth’s health, insurance and employee
benefit plans or reimbursement for equivalent plans if covered outside the
Company’s plan. If Mr. Wood works twelve days in a month, he will receive an
additional $1,000 salary supplement. No additional compensation will be paid for
days worked beyond twelve days unless approved by the Chairman of the
Compensation Committee. Such approved additional days would be paid at the rate
of $1,000 per day. Under the terms of the Amended Agreement, Mr. Wood is
eligible to receive an annual cash bonus of no greater than $62,500. The
Amended Agreement also provides that in the event Mr. Wood’s employment is
terminated without cause, he will be entitled to receive his base salary, as
specified in the Initial Agreement, for a period of 6 months.
The
foregoing is a summary of the Amended Agreement and does not purport to be
complete. The foregoing is qualified in its entirety by reference to the Amended
Agreement, a copy of which is filed as Exhibit 10.01 to this Current Report
on Form 8-K
Item
8.01 Other Events
On March 3, 2010, PureDepth, Inc. issued
a press release announcing that it filed post-effective amendments to each of
its outstanding registration statements to deregister remaining but unsold
shares of common stock thereunder. It also announced that it intends to
deregister its common stock on or about March 15, 2010 by filing a Form 15 with
the Securities and Exchange Commission under the Securities Exchange Act of
1934, as amended. Copies of the press release announcing the filings and plans
described above and the FAQ referred to in the press release are attached as
Exhibits 99.01 and 99.02 to this Current Report on Form 8-K.
Item
9.01 Financial Statements and Exhibits.
(d)
|
Exhibits
|
Exhibit Number
|
Description
|
10.01
|
Amendment
No. 2 to Employment Agreement with Andy Wood dated March 3,
2010
|
99.01
|
Press
release dated March 3, 2010 regarding filing of post-effective amendments
to outstanding
registration statements and plans for deregistration.
|
99.02
|
FAQ
dated March 3, 2010 regarding filing of post-effective amendments to
outstanding registration statements and plans for
deregistration.
|
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.
PUREDEPTH,
INC.,
(
Registrant )
|
||
Date: March
3, 2010
|
By:
|
/s/ Joseph
A. Moran
|
Mr.
Joseph A. Moran
Chief
Financial Officer and Secretary
|
Exhibit
Title
|
||
10.01
|
Amendment
No. 2 to Employment Agreement with Andy Wood dated March 3,
2010
|
|
99.01
|
Press
release dated March 3, 2010 regarding filing of post-effective amendments
to outstanding
registration statements and plans for deregistration.
|
|
99.02
|
FAQ
dated March 3, 2010 regarding filing of post-effective amendments to
outstanding registration statements and plans for
deregistration.
|
3