UNITED STATES SECURITIES AND EXCHANGE COMMISSION
FORM 8-K
January 16, 2007
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
VALENTEC SYSTEMS, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
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| DELAWARE | | 0-11454 | | 59-2332857 |
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(State or other jurisdiction
incorporation) | | (Commission
File Number) | | (IRS Employer Identification No.) |
2629 York Avenue
Minden, LA 71055
(Address of Principal Executive Offices)
(318) 382-4574
(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) |
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| o | | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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| o | | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
SECTION 5 — CORPORATE GOVERNANCE AND MANAGEMENT
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On January 15, 2007, the Board of Directors of Valentec Systems, Inc. (the “Company”) granted a total of 1,000,000 options to purchase shares of the Company’s common stock under the Company’s 2006 Equity Incentive Plan as follows:
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| Name | | Title | | Options Granted |
| Craig Wilson | | Controller | | | 150,000 | |
| Steve Findley | | VP Strategic Development | | | 150,000 | |
| Steve Shows | | VP/GM | | | 50,000 | |
| John Law | | Director of Energetic Manufacturing | | | 100,000 | |
| Leroy Bainter | | Director of Metal Parts Manufacturing | | | 100,000 | |
| Lisa Roulette | | Business Development/Washington Relations | | | 100,000 | |
| PT Asher | | Program Manager | | | 100,000 | |
| OJ Romero | | Program Manager | | | 100,000 | |
| Ron Mackey | | Contract Manager | | | 75,000 | |
| Rubin Almagore | | Assistant Program Manager | | | 75,000 | |
The stock options vest at a rate of 25% per year over 4 years.
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 thereunto duly authorized.
Dated: January 16, 2007
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| | VALENTEC SYSTEMS, INC.
| |
| | By: | /s/ Robert Zummo | |
| | | Name: | Robert Zummo | |
| | | Title: | President and Chief Executive Officer | |
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