US Dataworks Inc - Current report filing (8-K)

 

 

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): June 12, 2008

US DATAWORKS, INC.

(Exact name of registrant as specified in its charter)

Nevada		001-15835		84-1290152
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(I.R.S. Employer Identification Number)

One Sugar Creek Blvd., 5 th Floor Sugar Land, Texas		77478
(Address of principal executive offices)		(Zip Code)

[phone]

(Registrant’s 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 obligations of the registrant under any of the following provisions (see General Instruction A.2. below):

o		Written communications 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))

 

 

 

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Item 5.02.		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

     On May 15, 2008, US Dataworks, Inc. (the “Company”) announced the promotion of Mario Villarreal to President and Chief Operating Office,. In connection with his promotion, the Company and Mr. Villarreal entered with an Employment Agreement on June 12, 2008 (the “Agreement”). Under the Agreement Mr. Villarreal will receive an annual base salary of $185,000 for a term of one year. If Mr. Villarreal is terminated, other than for cause, death or disability, or resigns within 60 days following a material reduction in duties or a material reduction in compensation within six months following a change of control, Mr. Villarreal is entitled to receive a lump sum payment equal to one-half (0.5) times his annual base salary and any unpaid base salary and bonus, subject to compliance with certain ongoing obligations and the delivery of a release to us.

Item 9.01.		Financial Statements and Exhibits.

     (d) Exhibits

Exhibit No.		Description
10.1		Employment Agreement dated June 12, 2008 by and between the Registrant and Mario Villarreal.

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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.

     Dated: June 18, 2008

	US DATAWORKS, INC.
	By:	/s/ Charles E. Ramey
		Charles E. Ramey
		Chief Executive Officer

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EXHIBIT INDEX

Exhibit No.		Description
10.1		Employment Agreement dated June 12, 2008 by and between the Registrant and Mario Villarreal.

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