- Current report filing (8-K)
October 14 2008 - 4:17PM
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
October 8, 2008
Date of Report (Date of earliest event reported)
BASIN WATER, INC.
(Exact name of Registrant as specified in its charter)
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Delaware
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000-51991
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20-4736881
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(State or other jurisdiction of
incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification
Number)
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8731 Prestige Court
Rancho Cucamonga, CA
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91730
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(Address of principal executive offices)
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(Zip Code)
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(909) 481-6800
Registrants 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 (see General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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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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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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Basin Water, Inc. (the Company) announced that Thomas C. Tekulve, the Companys former Vice President of Finance-Business Development, resigned from
the Company on October 8, 2008 to pursue other interests. In connection with his resignation, Mr. Tekulve will receive (a) severance of six months base salary, (b) continued healthcare benefits for six months,
(c) automatic acceleration of 100% of the vesting of his options and restricted stock and (d) outplacement services of $15,000. In addition, Mr. Tekulves outstanding stock options will be exercisable until July 1, 2011.
A copy of Mr. Tekulves Resignation Letter Agreement is filed herewith as Exhibit 10.35, and is incorporated herein by reference.
Item 9.01.
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Financial Statements and Exhibits.
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Exhibit No.
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Document
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10.35
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Resignation Letter Agreement, dated October 13, 2008, between the Company and Thomas C. Tekulve
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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.
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BASIN WATER, INC.
(Registrant)
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Date: October 14, 2008
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BY:
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/s/ W. Christopher Chisholm
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W. Christopher Chisholm
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Vice President and Chief Financial Officer
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