- Current report filing (8-K)
December 12 2008 - 10:09AM
Edgar (US Regulatory)
UNITED
STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported)
December 12, 2008
VUBOTICS, INC.
(Exact Name of Registrant as Specified in Charter)
Georgia
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000-28883
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58-2212465
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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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580 Conway Forest Drive, Atlanta, Georgia 30327
(Address of Principal Executive Offices)
Registrants telephone number, including area code:
404-256-4916
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):
o
Written communication pursuant to Rule 425
under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12
under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))
Item 1.03.
Bankruptcy or Receivership
On November 18, 2008, VuBotics, Inc. (the Company) filed a
voluntary petition in the United States Bankruptcy Court for the Northern
District of Georgia (the Bankruptcy Court) (Case Number 08-83616-jb) seeking
reorganization relief under the provisions of Chapter 11 of Title 11 of the
United States Code (the Bankruptcy Code).
The Company will continue to operate as a debtor in possession under the
jurisdiction of the Bankruptcy Court and in accordance with the applicable
provisions of the Bankruptcy Code and the orders of the Bankruptcy Court. The Company anticipates filing a plan of
reorganization with the Bankruptcy Court in the near future.
Item 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment
of Certain Officers; Compensatory Arrangements of Certain Officers
(b) Effective November 13, 2008, Philip E. Lundquist resigned
as the Chief Executive Officer and as a director of the Company. The Company thanks Mr. Lundquist for his
service to the Company.
(c) Effective November 13, 2008, the Board of Directors (the Board)
of the Company appointed Jules Stine as the Chief Executive Officer of the
Company. Mr. Stine currently serves
as the Chief Operating Officer and the sole director of the Company.
Mr. Stine, age 71, has served as a reorganization consultant since
1991. In this role he provides corporate
restructuring and reorganization advisory services, including assisting clients
with developing and implementing strategy, raising capital, analyzing internal
control and financial management and executing mergers and acquisitions. Mr. Stine currently serves as the Chief
Operating Officer and a director of VuBotics, Inc. Mr. Stine has served as an outside
consultant and advisor to Brax Ltd., since 2000, and to the minority partners
of Clear Channel Airports of Georgia since 2002. His clients have included companies in such
diverse industries as real estate, advertising, van conversion, textile and
apparel manufacturing and retail. Mr. Stine
received a B.S. in Chemistry from the University of Georgia.
There are no arrangements or understandings between Mr. Stine and
any other persons with respect to his appointment as the Chief Executive
Officer of the Company. There have been
no transactions, nor are there any currently proposed transactions, to which
the Company was or is to be a party in which Mr. Stine, or any member of
his immediate family, had, or will have, a direct or indirect material
interest.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
VuBotics, Inc.
By:
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/s/ Jules Stine
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Name: Jules Stine
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Title: Chief Executive
Officer
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Date: December 12, 2008
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