Current Report Filing (8-k)
July 30 2014 - 1:11PM
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
July 30, 2014 (May 23, 2014)
Date of Report (Date of earliest event reported)
AMINCOR, INC.
(Exact name of registrant as specified in its charter)
Nevada 000-49669 30-0658859
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
1350 Avenue of the Americas, 24th FL, New York, NY 10019
(Address of principal executive offices) (Zip Code)
(347) 821-3452
(Registrant's telephone number, including area code)
(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:
[ ] 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 240.13a-4(c))
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF
CERTAIN OFFICERS
Pursuant to a unanimous written consent, dated as of May 23, 2014, the Board of
Directors of the Registrant approved the grant of options to purchase common
stock to John R. Rice, III, President and Director, Joseph F. Ingrassia,
Vice-President, Interim Chief Financial Officer and Director and Robert L.
Olson, Director and certain management and employees of Registrant and certain
officers and employees of its subsidiary companies. Messrs. Rice, Ingrassia were
each granted 120,000 options and Mr. Olson was granted 40,000 options.
The options granted have an exercise price of $0.25. 50% of the options vest and
are exercisable on the first anniversary of the grant date and 100% of the
options vest and are exercisable on the second anniversary of the grant date, so
long as the optionee is still employed by the Registrant or its subsidiaries.
The options are valid for 5 years from the grant date and shall expire
thereafter. Each optionee will sign a Non-Qualified Stock Option Agreement with
the Registrant which more fully details the terms and conditions of the grant.
This summary of the Non-Qualified Stock Option Agreement does not purport to be
complete and is subject to, and qualified in its entirety by, the full text of
the Form of Non-Qualified Stock Option Agreement filed as Exhibit 10.1 of the
Registrant's Form 8-K filed on January 26, 2011 and is incorporated by reference
herein.
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.
AMINCOR, INC.
Date: July 30, 2014
By: /s/ John R. Rice, III
------------------------------------
John R. Rice, III
President
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