Jmar Technologies Inc - Current report filing (8-K)
July 29 2008 - 6:01AM
Edgar (US Regulatory)
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): July 10, 2008
JMAR
Technologies, Inc.
(Exact
name of registrant as specified in its charter)
Delaware
|
001-10515
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68-0131180
|
(State
or other jurisdiction of incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
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10905
Technology Place, San Diego, CA 92127
(Address
of principal executive offices, including zip code)
(858)
946-6800
(Registrant’s
telephone number including area code)
N/A
(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:
o
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|
o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-14(c) under the Exchange Act (17 CFR
240.13e-14(c))
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Item
5.02 Compensatory Arrangements of Certain Officers.
(e) On
July 10, 2008, the Company’s Board of Directors approved the grant of a total of
1,050,000 shares of the Company’s Common Stock to three new JMAR employees under
the 2006 Equity Incentive Plan. These shares are restricted shares which vest
50% on July 10, 2009 and 50% on July 10, 2010 and are subject to forfeiture if
the employee's employment terminates before vesting. The Company’s Board of
Directors also approved the grant of a total of 20,000,000 options to purchase
shares of the Company’s Common Stock to executive officers and directors and
certain employees. The executive officers and directors were awarded
the following number of options: Directors: Charles Dickinson
(2,000,000 options), J. Paul Gilman (1,000,000 options), James B. McCarthy
(1,000,000 options), and Richard J. Naughton (1,000,000 options); Executive
Officers: C. Neil Beer (5,500,000 options) David G. Wessing (3,000,000 options)
and Edward C. Hall (2,000,000 options). These options have an
exercise price of $0.12 per share, vest 50% on July 10, 2009 and 50% on July 10,
2010 and are subject to forfeiture if the employee's employment or director’s
membership on the board terminates before vesting.
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.
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JMAR
TECHNOLOGIES, INC.
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Date:
July 28, 2008
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|
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By:
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/s/ C. Neil
Beer
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Name:
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C.
Neil Beer
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Title:
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Chief
Executive Officer
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