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):
August 23, 2007
Chase Packaging Corporation
(Exact name of registrant as specified in its charter)
Texas | 0-21609 | 93-1216127 |
(State of incorporation) | (Commission File No.) | (IRS Employer Identification No.) |
636 River Road | |
Fair Haven, NJ | 07704 |
(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (732) 741-1500
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 240.14a-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 1.01. Entry into a Material Definitive Agreement
On August 23, 2007, Chase Packaging Corporation (the “Company”) entered into an indemnification agreement with each of its directors and/or officers, Allen T. McInnes, President and Chief Executive Officer, William J. Barrett, Herbert M. Gardner, Edward L. Flynn, and Ann C.W. Green, Chief Financial Officer (collectively, the “Indemnification Agreements”). Under the Indemnification Agreements, in exchange for service to the Company, the Company has agreed to indemnify each director and/or officer who is involved in any threatened, pending, or completed investigation, claim, action, suit, or proceeding whether civil, criminal, administrative, or investigative initiated against the director or officer as a result of his or her service as the Company’s officer or director, against all expenses (including attorneys’ fees), judgments, fines, and amounts paid in settlement actually and reasonably incurred by such person in connection with the actions. A form of the Indemnification Agreement is being furnished as Exhibit 10.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits
(d) | Exhibits |
10.1 | Form of Chase Packaging Corporation Director and Officer Indemnification Agreement. |
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.
CHASE PACKAGING CORPORATION
Date: August 27, 2007
By: /s/ Allen T. McInnes
Allen T. McInnes
President and Principal Executive Officer