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): April 25, 2008
BALLISTIC RECOVERY SYSTEMS, INC.
(Exact name of registrant as specified in its charter)
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Minnesota
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0-15318
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41-1372079
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(State or other Jurisdiction of Incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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300 Airport Road
South St. Paul, Minnesota
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55401
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(Address of Principal Executive Offices)
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(Zip Code)
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Registrant’s telephone number, including area code:
(651) 457-7491
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(Former name or former address if changed since last report.)
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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:
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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 1.01. Entry into a Material Definitive Agreement.
On April 25, 2008, Ballistic Recovery Systems, Inc. (the “Company”) agreed to extend the term of a consulting
agreement with Boris Popov, a member of the Company’s Board of Directors, for an additional 12 months. Pursuant to the
consulting agreement, Mr. Popov is required to provide the Company certain consulting services relating to the
Company’s new product development. Mr. Popov is required to provide a minimum of 64 hours of service per month for
$3,200 per month, and is entitled to an additional $50 per hour for each hour over the 64 hour minimum. The consulting
agreement was originally entered into on November 19, 2004 for a six-month term, and has been extended periodically
since such time. The current term, as extended, will expire on May 18, 2009.
The Company filed a copy of the original consulting agreement as Exhibit 10.4 to the Company’s Quarterly Report on
Form 10-QSB for the quarter ended December 31, 2004, filed on February 14, 2005, and such filing is incorporated herein
by reference.
Item 8.01 Other Events.
On April 25, 2008, the Company’s Board of Directors elected Darrel D. Brandt as the Chairman of the Board.
Additionally, the Board made the following appointments to serve on its standing committees:
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Audit Committee
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Boris Popov, Darrel D. Brandt, and Fernando Caralt
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Compensation Committee
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Boris Popov, Darrel D. Brandt, and Thomas H. Adams, Jr.
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The Board further elected not to appoint members to its Strategic Planning Committee, electing to delegate the
responsibilities of that committee to the entire Board.
SIGNATURE
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.
BALLISTIC RECOVERY SYSTEMS, INC.
Date: May 1, 2008
By:
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s/ Carl D. Langr
Carl D. Langr,
Chief Financial Officer
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