Cirtran Corp - Current report filing (8-K)
November 29 2007 - 12:20PM
Edgar (US Regulatory)
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): November 26, 2007
CirTran Corporation
(Exact Name of Registrant as Specified in Its Charter)
Nevada
(State of Other Jurisdiction of Incorporation)
0-26059 68-0121636
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(Commission File Number) (IRS Employer Identification No.)
4125 South 6000 West, West Valley City, Utah 84128
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(Address of Principal Executive Offices) (Zip Code)
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801-963-5112
(Registrant's Telephone Number, Including Area Code)
(Former Name or Former Address, if Changed Since Last Report)
Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
On November 26, 2007, CirTran Corporation (the "Company") appointed
David L. Harmon as the Company's new Chief Financial Officer.
Prior to joining the Company, Mr. Harmon worked as SEC Manager for
Investools Inc., a Nasdaq-listed securities broker-dealer and investor education
provider. From 1999 to 2006, he worked as Controller/Treasurer at UCN, Inc., a
publicly traded telecommunications and technology company located in Salt Lake
City, Utah, where his duties included preparing and filing periodic SEC filings
and registration statements. Mr. Harmon received a Bachelor of Science degree in
Accounting from the University of Utah.
The Company and Mr. Harmon entered into an employment agreement
effective as of November 26, 2007 (the "Effective Date"), pursuant to which the
Company agreed to pay Mr. Harmon a base salary of $175,000, to be increased at
least 5% each year as determined by the Company's Board of Directors. Mr. Harmon
is also entitled to receive a bonus of $25,000 per year, payable in four equal
installments every three-month anniversary after the Effective Date. Under the
agreement, Mr. Harmon will also be granted options to purchase 3 million shares
of the Company's common stock each year, to be issued the first week of each
year.
The foregoing description of the employment agreement is not complete
and is qualified in its entirety by reference to the Agreement, a copy of which
is filed herewith as Exhibit 99.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
99.1 Employment Agreement between CirTran Corporation and David L.
Harmon, dated as of November 26, 2007.
99.2 Press Release dated November 28, 2007
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.
CirTran Corporation
Date: November 29, 2007 By: /s/ Iehab Hawatmeh
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Iehab J. Hawatmeh, President
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