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): May 29, 2007
MOBICLEAR INC.
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(Exact name of Registrant as specified in its charter)
Pennsylvania
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(State or other jurisdiction of incorporation)
Pennsylvania 0-10822 25-1229323
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(State or other jurisdiction (Commission File No.) (I.R.S. Employer
of incorporation) Identification No.)
One Wakonda
Dove Canyon, California 92679
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(Address of principal executive offices) (Zip Code)
(949) 466-4154
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Registrant's telephone number, including area code
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(Former name or former address, if changed since last report.)
Check the appropriate box below of 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 PRINCIPAL OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF PRINCIPAL OFFICERS
On May 29, 2007, Anders Ericsson was appointed as President and Chief Executive
Officer of MobiClear Inc. pursuant to an employment agreement by and between Mr.
Ericsson and MobiClear Inc. Mr. Ericsson is 43 years old. From 2002 to the date
of employment with MobiClear, Mr. Ericsson was the Chief Executive Officer of
Global Connexion Ltd. in Zurich, Switzerland. Global Connexion is a venture
consulting company within the telecoms and IT field with operations in Zurich,
Amsterdam, Vienna, Kuala Lumpur, Stockholm, Gothenburg, and Copenhagen. From
2000 until 2002, Mr. Ericsson served as Executive Vice President of Spray
Network Services in Stockholm, Sweden. While at Spray Networks, Mr. Ericsson was
responsible for managing Spray Access' mobile and fixed Internet access
business, pan European roll-out of operations including merger and acquisition
activities resulting in the acquisition of Spray Access by Lycos Europe. Prior
to 2000, Mr. Ericsson has served in various officer roles within affiliates of
Ericsson Ltd., a global telecom concern.
Mr. Ericsson received a B.S. in Electrical Engineering from Kalmar Technical
Upper Secondary School, Sweden in 1983 and an M.S. Industrial Engineering and
Management from Linkoping Institute of Technology, Sweden in 1987.
Mr. Ericsson has served as a member of the board of directors of the following
companies: Labs2 Group AB, Swericon AB, Bulbit AB, W-rita Partners AB, Cayla
Consulting Group Nordics AB, and Jajah Technologies AB. From 1985 until 1986 Mr.
Ericsson served as a Sergeant in the Swedish Royal Navy. Mr. Ericsson speaks
Swedish, English, German and French.
The Employment Agreement between MobiClear Inc. and Mr. Ericsson provides that
Mr. Ericsson shall perform and discharge the duties that may be assigned to him
by the Board of Directors of MobiClear. The employment agreement also provides
for an annual salary of $276,000; a one (1) year term; and, subject to the
discretion of the Board of Directors of MobiClear Inc., a stock grant up to one
(1) percent of the total issued and outstanding common stock of MobiClear; and a
stock option of up to four (4) percent of the total issued and outstanding
common stock of MobiClear.
Lim Wong, Chairman of the Board of Directors, Chief Executive Officer, Chief
Financial Officer, and President of MobiClear Inc. resigned his position as
Chief Executive Officer and President of MobiClear effective upon the
appointment of Mr. Ericsson while retaining his other positions.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits.
10.6 Employment Agreement of Mr. Andes Ericsson dated May 29, 2007.
99.1 Press Release of MobiClear Inc. dated May 29, 2007.
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.
MOBICLEAR INC.
(Registrant)
Date: June 13, 2007 By: /s/ Lim Wong
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Lim Wong
Chief Executive Officer,
Chief Financial Officer,
and President of
MobiClear Inc.