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 12, 2012 (July 9, 2012)
PREMIER POWER RENEWABLE ENERGY, INC.
(Exact name of registrant as specified in Charter)
| Delaware | | 333-140637 | | 13-4343369 |
(State or other jurisdiction of
incorporation) | | (Commission File No.) | | (IRS Employer Identification
No.) |
4961 Windplay Drive, Suite 100
El Dorado Hills, CA 95762
(Address of Principal Executive Offices)
(916) 939-0400
(Registrant’s telephone number, including area code)
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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
| (c) | Compensatory Arrangements of Certain Officers |
Dean Marks – Chief Executive Officer
On July 9, 2012, we entered in to an employment agreement with Mr. Dean Marks. Under the Agreement, Mr. Marks, in the event of termination without cause, will receive Twelve (12) months of salary as severance compensation and health benefits. All options and restricted stock, that have been granted, shall immediately vest on the termination date.
Miguel de Anquin – President
On July 9, 2012, we entered in to an employment agreement with Mr. Miguel de Anquin. Under the Agreement, Mr. de Anquin, in the event of termination without cause, will receive Twelve (12) months of salary as severance compensation and health benefits. All options and restricted stock, that have been granted, shall immediately vest on the termination date.
Frank Sansone – Chief Financial Officer
On July 9, 2012, we entered in to an employment agreement with Mr. Frank Sansone. Under the Agreement, Mr. Sansone, in the event of termination without cause, will receive Twelve (12) months of salary as severance compensation and health benefits. All options and restricted stock, that have been granted, shall immediately vest on the termination date.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
| | | |
| Exhibit No. | | Exhibit Description |
| | | |
| 10.1 | | Employment Agreement Amendment #1 between Premier Power Renewable Energy, Inc. and Dean Marks, dated July 9, 2012 |
| | | |
| 10.2 | | Employment Agreement Amendment #1 between Premier Power Renewable Energy, Inc. and Miguel de Anquin, dated July 9, 2012 |
| | | |
| 10.3 | | Employment Agreement Amendment #1 between Premier Power Renewable Energy, Inc. and Frank Sansone, dated July 9, 2012 |
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.
| | PREMIER POWER RENEWABLE ENERGY, INC. (Registrant) |
| | | |
| Date: July 12, 2012 | By: | /s/ Dean R. Marks |
| | | Dean R. Marks Chief Executive Officer |
