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
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| Date of Report (Date of Earliest Event Reported): | | July 19, 2007 |
Airbee Wireless, Inc.
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(Exact name of registrant as specified in its charter)
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| Delaware | 000-50918 | 46-0500345 |
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(State or other jurisdiction | _____________
(Commission | ______________
(I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
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| 9400 Key West Avenue, Rockville, Maryland | | 20850 |
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(Address of principal executive offices) | | ___________
(Zip Code) |
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| Registrant’s telephone number, including area code: | | 301-517-1860 |
Not Applicable
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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:
[ ] 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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 19, 2007 the Airbee Board of Directors appointed James H. Dentzer Vice President and Chief Accounting Officer at a salary of $110,000 per annum. All other terms of his employment agreement remain without change. Mr. Dentzer reports to Charles Gunderson, Chief Operating Officer.
Item 8.01 Other Events.
On July 10, 2007, the Company retroactively issued 2,000,000 restricted shares to Allen & Associates, LLC which should have been issued on March 16, 2007 as compensation for financial and investment banking services. The shares were issued in payment of such services as part of a consulting agreement between Airbee Wireless and Allen & Associates. The securities were issued pursuant to the exemption from registration provided by Section 4(2) of the Securities Act and contain the appropriate legends restricting their transferability absent registration or applicable exemption. As of July 19, 2007, the number of outstanding shares was 100,991,949.
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.
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| | | Airbee Wireless, Inc. |
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| July 23, 2007 | | By: | | E. Eugene Sharer
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| | | | | Name: E. Eugene Sharer |
| | | | | Title: President |
Exhibit Index
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| Exhibit No. | | Description |
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1.5.02(c)(1) | | Employment Agreement |
