Delaware | 87-0361799 | |
(State or other jurisdiction of | (IRS Employer | |
incorporation) | Identification No.) |
[ ] 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
Mr. Taylor has a Bachelor's Degree in Economics from the University of Maryland College Park and a J.D. from the Cal ifornia Western School of Law. He is a member of the State Bar of California and of the American Corporate Counsel Association.
There were no arrangements or understandings between Mr. Taylor and any other person pursuant to which Mr. Taylor was selected as an executive officer. There are no family relationships between Mr. Taylor and any of our directors and executive officers. Except as described below, there are no transactions between Mr. Taylor and American Technology Corporation in which Mr. Taylor has a direct or indirect material interest which we are required to report.
Mr. Taylor's employment is terminable at-will by us or by Mr. Taylor for any reason, with or without notice. Mr. Taylor's annual salary is $170,000, and he participates in bonus, benefit and other incentives at the discretion of the compensation committee of our board of directors. On April 17, 2006, we granted Mr. Taylor a stock option exercisable for 100,000 shares of our common stock pursuant to our 2005 Equity Incentive Plan. The option vests quarterly over four years and has a five-year term, subject to continued service and other conditions.
American Technology Corporation | ||||||||
Date: April 18, 2006 | By: | /s/ John R. Zavoli | ||||||
John R. Zavoli | ||||||||
President and Chief Operating Officer | ||||||||
Exhibit No. | Description | |
EX-99.1 | Press Release dated April 17, 2006 |