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
Date of Report (Date of earliest event reported) October 23, 2006
Gilman + Ciocia, Inc.
(Exact name of registrant as specified in its charter)
Delaware 000-22996 11-2587324
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
11 Raymond Avenue, Poughkeepsie, New York 12603
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (845) 486-0900
N/A
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(Former name or 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 (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 and effective October 19, 2006, the Board of Directors of Gilman + Ciocia,
Inc. (the "Company") elected John F. Levy and Allan R. Page as directors of the
Company. With the addition of Messrs. Levy and Page, the total number of
directors now serving on the Company's Board of Directors is seven. Mr. Levy was
also appointed Chairman of the Audit Committee of the Board of Directors and Mr.
Page was appointed as a member of the Audit Committee. Mr. Levy was also
appointed to a new special finance committee of the Board of Directors formed to
explore re-financing alternatives for the Company.
The text of the press release issued by the Company is filed herewith as Exhibit
99.1.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
99.1 Press Release dated October 19, 2006.
October 23, 2006
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.
Gilman + Ciocia, Inc.
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(Registrant)
Date October 23, 2006
------------------------- /s/ Michael Ryan
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Name: Michael Ryan
Title: Chief Executive Officer