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): March 3, 2006
Particle Drilling Technologies, Inc.
(Exact Name of Registrant as Specified in Its Charter)
Nevada
(State or Other Jurisdiction of Incorporation)
000-30819 | | 20-1563395 |
(Commission File Number) | | (I.R.S. Employer Identification No.) |
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1021 Main Street, Suite 2650
Houston, Texas | | 77002 |
(Address of Principal Executive Offices) | | (Zip Code) |
Registrant’s telephone number, including area code: (713) 223-3031
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) |
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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)) |
Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
On March 3, 2006, Particle Drilling Technologies, Inc. held its annual meeting of shareholders (the “Annual Meeting”). At the Annual Meeting, the shareholders elected the following persons to serve as members of the Board of Directors:
Kenneth R. LeSuer
Jim B. Terry
John D. Schiller, Jr.
Michael S. Mathews
Hugh A. Menown
Steve A. Weyel
In addition, in order to increase the ratio of non-management directors to management directors serving on the Board of Directors, J. Chris Boswell and Thomas E. Hardisty resigned from the Board of Directors on March 3, 2006. Messrs. Boswell and Hardisty will continue to serve in their current positions as executive officers of Particle Drilling Technologies, Inc. The Board of Directors have reduced the size of the Board so that the number of directors which constitutes the whole Board of Directors is six.
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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.
| PARTICLE DRILLING TECHNOLOGIES, INC. |
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Date: | March 7, 2006 | | By: | | /s/ J. CHRIS BOSWELL | |
| | | Name: | J. Christopher Boswell |
| | | Title: | Senior Vice President and |
| | | | Chief Financial Officer |
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