UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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) August 26, 2005
PLAYLOGIC ENTERTAINMENT, INC.
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(Name of Small Business Issuer as specified in its charter)
Delaware 0-49649 23-3083371
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(State or other jurisdiction of (Commission File (I.R.S. Employer
incorporation or organization) Number) Identification Number)
Concertgebouwplein 13, 1071 ll Amsterdam, The Netherlands
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(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 5.02. Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers.
On August 26, 2005, the Company announced that announced that Dominique Morel
will join the company as chief technology officer, effective Sept. 21, 2005.
Mr. Morel, who is 32 years of age, has worked in a variety of capacities at
Atari Europe and currently serves in the capacity as Project Evaluation &
Business Development Manager at Atari Europe.
Mr. Morel is a party to an employment agreement with the Company dated August
22, 2005. The agreement is for an indefinite period, but can be terminated by us
upon six months notice or by Mr. Morel upon three months notice. Mr. Morel's
starting salary is approximately $14,008.50 ((euro) 11,000) per month. Under
this agreement, Mr. Morel will be entitled to participate in a long term
incentive plan and in this connection, the Company has granted Mr. Morel,
subject to approval of the board of directors, an option to purchase 100,000
shares of the Company stock.
A copy of the press release announcing the appointment of Mr. Morel is attached
hereto as Exhibit 99.1 and is incorporated herein by reference.
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
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Name: Willem M. Smit
Title: President and Chief executive Officer
Date: August 31, 2005