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
MARCH 4, 2008 (FEBRUARY 29, 2008)
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DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)
POINT BLANK SOLUTIONS, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 001-13112 11-3129361
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(State of Incorporation) (Commission File Number) (IRS Employer
Identification Number)
2102 SW 2ND STREET, POMPANO BEACH, FLORIDA 33069
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(Address of principal executive office) (Zip Code)
(954) 630-0900
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(Registrant's telephone number, including area code)
NOT APPLICABLE
______________________________________________
(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))
ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF
DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY
ARRANGEMENTS OF CERTAIN OFFICERS
On February 29, 2008, Point Blank Solutions, Inc. (the "Company") entered
into an indemnification agreement with each of William Campbell, David Bell,
Martin Berndt, Maurice Hannigan, Jack Henry, and Suzanne Hopgood, the Company's
non-employee directors; Larry Ellis, a director and the Company's Chief
Executive Officer and President; John Siemer, the Company's Chief Operating
Officer and Chief of Staff; James Anderson, the Company's Chief Financial
Officer; and Sam White, the Company's Head of Global Sales.
The indemnification agreements entered into between the Company and the
above-named individuals are in the Company's standard form of indemnification
agreement, a copy of which is filed as Exhibit 10.1 to this Form 8-K and is
incorporated herein by reference. The indemnification agreement provides an
indemnity, including the advancement of expenses, to the directors and executive
officers of the Company against liabilities incurred in the performance of their
duties to the fullest extent permitted by the General Corporation Law of the
State of Delaware, consistent with the Company's certificate of incorporation
and by-laws.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.
10.1 Form of Indemnification Agreement.
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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.
POINT BLANK SOLUTIONS, INC.
Date: March 4, 2008 By: /s/ JOHN SIEMER
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Name: John Siemer
Title: Chief Operating Officer and Chief of Staff
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION OF EXHIBIT
10.1 Form of Indemnification Agreement.
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