UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K/A
CURRENT REPORT
Pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: October 25, 2004
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(Date of earliest event reported)
FORCE PROTECTION, INC.
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(Exact name of Registrant as specified in its charter)
Colorado 000-22273 84-1383888
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State or other jurisdiction (Commission File Number) (IRS Employer
of Identification No.)
incorporation)
9801 Highway 78, #3, Ladson, SC
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(Address of principal executive offices)
29456
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(Zip Code)
(843) 740-7015
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(Registrant's telephone number)
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):
[ ] 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 240.13e-4(c))
Item 5.02 Departure of Directors or Principal Officers; Appointment of Principal
Officer
On October 25, 2004, the Board of Directors announced that they named Gale
Aguilar as interim Chief Executive Officer. On November 8, 2004 the Board
of Directors approved compensation for Gale Aguilar. Mr. Aguilar's compensation
will include an annual salary of $180,000, plus an initial grant of 250,000
shares of restricted common stock upon execution of his employment agreement.
In addition, Mr. Aguilar is eligible for a performance bonus at the discretion
of the Board of Directors, the following stock grants:
- one share of Series C Preferred Convertible stock plus 250,000 shares of
restricted common stock to vest on January 1, 2005;
- one share of Series C Preferred Convertible stock to vest on June 30,
2005; and
certain other benefits including health insurance pursuant to the Company's
standard plan and corporate housing.
The foregoing description of the terms and conditions of the Employment
Agreement are qualified in their entirety by, and made subject to, the
more complete information set forth in the Employment Agreement attached to
this report as Exhibit 10.1.
Item 9.01 Financial Statements and Exhibits
c) The following exhibit is furnished with this report:
EXHIBIT NUMBER DESCRIPTION
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10.1 Employment Letter between the Company and Gale Aguilar
dated November 8, 2004
SIGNATURE
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.
Force Protection, Inc.
Registrant
Date: November 10, 2004 By: /s/ Scott Ervin
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R. Scott Ervin
Chairman of the Board