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) September 8, 2009
HEPI Pharmaceuticals, Inc. | ||
(Exact Name Of Registrant As Specified In Its Charter) | ||
|
|
|
Delaware | ||
(State or Other Jurisdiction of Incorporation) | ||
|
|
|
000-52680 |
| 20-8282461 |
(Commission File Number) |
| (I.R.S. Employer Identification No.) |
|
|
|
7740 East Evans Rd., Suite A100, Scottsdale, AZ |
| 85260 |
(Address of Principal Executive Offices) |
| (Zip Code) |
|
|
|
(480) 385-3800 | ||
(Registrant’s Telephone Number, Including Area Code) | ||
|
|
|
N/A | ||
(Former Name or Former Address, if Changed Since Last Report) | ||
| ||
| ||
(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:
.communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
.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 September 8, 2009, Peter Vitulli was appointed interim CEO of the Registrant and its parent company, Health Enhancement Products, Inc. (“HEPI”). Mr. Vitulli is expected to serve as interim CEO for up to three months. HEPI and Mr. Vitulli may agree to extend Mr. Vitulli’s term as CEO beyond the initial three month period.
Mr. Vitulli and HEPI each have the right to terminate the employment relationship upon thirty days notice. HEPI and Mr. Vitulli may agree to extend Mr. Vitulli’s term as CEO.
Mr. Vitulli will receive $10,000 per month from HEPI as compensation for acting as interim CEO of both companies. In addition, HEPI has granted Mr. Vitulli warrants to purchase 350,000 shares of common stock of HEPI, at an exercise price of $.10 per share, for a term of three years. The warrants will be fully vested on the grant date, but will not be exercisable until HEPI increases the number of its authorized common shares to at least 125,000,000.
Since July, 2006, Mr. Vitulli has been President and CEO of Sconia, Inc., a venture capital backed genetics-based health and wellness company. Mr. Vitulli has also served as Chairman of the Board of Efficas, Inc., a developer and marketer of bio-active compounds, since November, 2006. From 1998 until April, 2005, Mr. Vitulli served as President and CEO of Amerifit Nutrition, Inc., a $61 million consumer products company focused on health products.
SIGNATURE
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.
Dated: September 10, 2009 | HEPI PHARMACEUTICALS, INC. | |
| By: | /s/ Janet L. Crance |
|
| Janet L. Crance, Chief Administrative Officer |
2
