UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported) September 27, 2005
PLAYLOGIC ENTERTAINMENT, INC.
- -------------------------------------------------------------------------------
(Name of Small Business Issuer as specified in its charter)
Delaware 0-49649 23-3083371
- ------------------------------------------------- ------------------------ -------------------------------------
(State or other jurisdiction of incorporation (Commission File (I.R.S. Employer Identification
or organization) Number) Number)
Concertgebouwplein 13, 1071 ll Amsterdam, The Netherlands
- -----------------------------------------------------------------------------------------------------------------------
(Address of principal executive offices and zip code)
Registrant's telephone number, including area code: (011) 31-20-676-0304
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):
[ ]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 8.01. OTHER EVENTS
On September 27, 2005, Playlogic Entertainment, Inc. (the "Company") filed a
Form 8-K announcing that, effective October 1, 2005 Leo van de Voort had
resigned as the Company's Chief Financial Officer and Jan Willem Kohne had been
appointed as the Company's new Chief Financial Officer. The Company hereby
amends certain portions of the earlier September 27, 2005 Form 8-K to provide
that the exercise price of Mr. Kohne's options is $3.50 per share, not $3.60 per
share as reported in the earlier September 27, 2005 Form 8-K.
The following paragraph replaces the corresponding paragraph of Item 5.02 of the
earlier September 27, 2005 Form 8-K. The other paragraphs of Item 5.02 of the
earlier September 27, 2005 Form 8-K remain unchanged.
Item 5.02. Departure of Directors or Principal Officers; Election of
Directors; Appointment of Principal Officers.
Mr. Kohne is a party to an employment agreement with the Company dated
October 1, 2005. The agreement is for an indefinite period, but can be
terminated by the Company upon six months notice or by Mr. Kohne upon three
months notice. Mr. Kohne's starting salary will be $15,055 (Euro 11,034)
per month, and the Company paid him a bonus of ($48,480) (Euro 40,000) upon
execution of the agreement. Pursuant to the agreement, Mr. Kohne was
granted 250,000 options to purchase shares of common stock of the Company
at an exercise price of $3.50 per share. 62,500 of these options vest on
October 1, 2007, and 62,500 of the remaining options will vest on October
1, 2008, October 1, 2009 and October 1, 2010, respectively. Mr. Kohne is
also subject to confidentiality, non-competition and invention assignment
requirements.
SIGNATURE
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, thereto duly authorized.
PLAYLOGIC ENTERTAINMENT, INC.
By: /s/ Willem M. Smit
Name: Willem M. Smit
Title: President and Chief Executive Officer
Date: September 27, 2005