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):  October 10, 2011

Quepasa Corporation
 (Exact name of registrant as specified in its charter)



Nevada
 
001-33105
 
86-0879433
(State or other Jurisdiction of
Incorporation)
 
(Commission File Number)
 
(IRS Employer Identification
No.)


324 Datura Street, Ste. 114
West Palm Beach, FL
 
 
33401
(Address of principal executive offices)
 
(Zip Code)

Registrant’s telephone number, including area code: (561) 366-1249

 
(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))



 
 

 


Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective October 10, 2011, the Compensation Committee approved grants of stock options to Messrs. John Abbott, Michael Matte and Louis Bardov.  Messrs. Abbott and Matte each were granted 200,000 10-year, non-qualified options at an exercise price of $3.27 per share.  Mr. Bardov was granted 16,530 10-year, non-qualified options also at an exercise price of $3.27 per share.  All options granted will vest in equal increments annually over a three-year period with the first vesting date being October 10, 2012, subject to continued employment on each applicable vesting date.  Additionally, the Compensation Committee granted Messrs. Abbott and Matte annual cash bonuses of $200,000 each.
 
 
 

 

 
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.

 
QUEPASA CORPORATION
 

Date:  October 14, 2011
By:  /s/ Michael Matte
Name:  Michael Matte
Title:   Chief Financial Officer