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 22, 2008
GPS INDUSTRIES, INC.
(Exact Name of Registrant as Specified in Charter)
Nevada
(State of Incorporation)
| 000-30104 | | 88-0350120 |
| (Commission File Number) | | (I.R.S. Employer Identification No.) |
| | | |
| | | |
| 1358 Fruitville Road, Suite 210, Sarasota, Florida | | 34236 |
| (Address of Principal Executive Offices) | | (Zip Code) |
(941) 364-8180
(Registrant’s Telephone Number, Including Area Code)
(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. |
Effective August 22, 2008, Marc Potter resigned as an Executive Vice President of the Company. The services of Mr. Potter had been made available to the Company pursuant to a Secondment Agreement dated August 9, 2007 (the “Agreement”) between the Company and Leisurecorp LLC, a related party. The parties to the Amendment agreed to terminate the Agreement effective August 22, 2008, and accordingly, Mr. Potter submitted his resignation as set forth above.
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.
Dated this 22 day of August 2008.
| | By: /s/ David Chessler |
| | David Chessler |
| | Chief Executive Officer |
