UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 1, 2011
VICOR TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
Delaware | 000-51475 | 20-2903491 | ||
(State or other jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
2300 Corporate Blvd., N.W., Suite 123 | ||
Boca Raton, Florida | 33431 | |
(Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code: ( 561) 995-7313
NONE
(Former name or former address, if changed since last report)
(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:
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)) |
5.02: Entry into Material Definitive Agreement; Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
Effective as of January 1, 2011, Vicor Technologies, Inc.(the Company) announced that it had
appointed Thomas J. Bohannon, age 65, to serve as the Companys Chief Financial Officer. Mr.
Bohannon has served as the Companys Chief Accounting Officer since December 28, 2008, and will
continue to serve in that position. In connection with Mr. Bohannons s appointment, David H. Fater
has stepped down from his position as the Chief Financial Officer of the Company. Mr. Fater will
continue to serve as the Companys Chief Executive Officer, President and as Chairman of the Board
of Directors.
Mr. Bohannon has been in the accounting and financial field for more than 40 years. Mr.
Bohannon worked as a senior manager at Ernst & Young in Atlanta from 1968 until 1978 where he
specialized in financial and SEC reporting before becoming the partner in charge of audit and
review services for Pappadakis, Nelson & Bohannon from 1978 1991. Since 1992, he has focused on
his own consulting practice, serving as the financial officer for a variety of companies in the
Southeast United States. He holds a B.S. from Auburn University and a Masters in Business
Administration, Concentration in Accounting from Tulane University. He is a Certified Public
Accountant licensed in Georgia.
No adjustments were made to Mr. Bohannons compensation as a result of his appointment to the
position of Chief Financial Officer, but he will continue to be eligible for such adjustments to
his compensation as may be made from time to time in accordance with his existing consulting
agreement with the Company and the Companys compensation and incentive plans. In addition,
effective of December 31, 2010, options to acquire 100,000 shares of the Companys common stock
were granted to Mr. Bohannon under the Companys 2008 Stock Option Plan, at an exercise price of
$.51 per share, with 50% of the options vesting one year after the grant date and the remaining 50%
vesting two years after the grant date. The options expire seven years after the grant date.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused
this report to be signed on its behalf by the undersigned hereunto duly authorized.
VICOR TECHNOLOGIES, INC. |
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Date: January 4, 2010 | By: | /s/ David H. Fater | ||
David H. Fater | ||||
President and Chief Executive and Financial Officer | ||||