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): 04/24/2006
Analytical Surveys, Inc.
(Exact name of registrant as specified in its charter)
Commission File Number: 000-13111
CO | 84-0846389 | |
(State or other jurisdiction of | (IRS Employer | |
incorporation) | Identification No.) |
9725 Datapoint Drive
Suite 300B
San Antonio, TX 78229
(Address of principal executive offices, including zip code)
210-657-1500
(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))
[ ] 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))
Information to be included in the report
Item 1.01. Entry into a Material Definitive Agreement
On April 24, 2006, the Company entered into a letter agreement with its Senior Vice President, which provides for a base salary of $135,000 per annum, an incentive bonus program that will be based on specific targeted goals, and stock options for the purchase of up to 30,000 shares of the Company's Common Stock at an exercise price equal to fair market value on April 24, 2006, or $1.31. The Senior Vice President will also be provided a severance package which will provide six months base salary upon termination resulting from a change of control.
Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
On April 24, 2006, the Company appointed Don Fryhover as its Senior Vice President.
Signature(s)
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.
Analytical Surveys, Inc. | ||||||||
Date: April 27, 2006 | By: | /s/ Lori Jones | ||||||
Lori Jones | ||||||||
CEO | ||||||||
Exhibit Index
Exhibit No. | Description | |
EX-99.1 | Press Release announcing Appointment of Don Fryhover as Senior Vice President |