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)
July 29, 2009
ECOLOGY COATINGS, INC.
(Exact name of registrant as specified in its charter)
| Nevada | 333-91436 | 26-0014658 |
| ----------------- | ------------------- | --------------------- |
| (State or other jurisdiction incorporation) | (Commission File Number) | (IRS Employer or Identification No.) |
2701 Cambridge Court, Auburn Hills, MI 48326
___________________________________________________
(Address of principal executive offices, including zip code)
Registrant’s telephone number, including area code
248-370-9900
(Former Name or Former Address, if Changed Since Last Report.)
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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):
[ ] 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))
Item 1.02 Termination of a Material Definitive Agreement
On July 28, 2009, the Company and Kevin P. Stolz, the Company’s Chief Financial and Accounting Officer, agreed to terminate Mr. Stolz’s Employment Agreement dated February 1, 2008. Mr. Stolz will continue to remain employed by the Company in his current capacity. Effective September 1, 2009, Mr. Stolz’s salary will be reduced to $42,000 per year and he will receive $1,000 per month for medical insurance in lieu of participating in the Company’s medical plan. Subject to approval by the Company’s Board of Directors, Mr. Stolz will receive an additional stock option award to purchase 40,000 shares of the Company’s common stock at $1 per share.
Item 9.01. Financial Statements and Exhibits
None.
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.
| | | ECOLOGY COATINGS, INC. |
| | | |
| DATE: July 29, 2009 | | By: /s/ Daniel V. Iannotti |
| | | Daniel V. Iannotti |
| | | Vice President, General Counsel & Secretary |
