Add
WWAT.OB to Portfolio
Set Alert
Email to a
Friend
| |||
|
|
Quotes & Info
|
| WWAT.OB > SEC Filings for WWAT.OB > Form 8-K on 26-Feb-2008 | All Recent SEC Filings |
26-Feb-2008
Change in Directors or Principal Officers, Amendments to Ar
(d) Effective February 20, 2008, the board of directors increased the size of the board from seven to eleven directors and appointed David Gelbaum, Walter Hesse and David Anthony to fill three of the newly created directorships. A copy of the press release announcing the three new board members is furnished as Exhibit 99.1 to this report. The new directors have not been appointed to any of the committees of the board of directors. Mr. Gelbaum is the trustee of The Quercus Trust which, on February 12, 2008, purchased 20,000 shares of the Company's Series F Convertible Preferred Stock for a purchase price of $1,782 per share. Mr. Gelbaum and Mr. Anthony were appointed to the board of directors under the terms of an agreement reached at the time of purchase of the Series F Convertible Preferred Stock.
The information required by Item 5.02(d)(4) is unavailable at the time of this filing and will be included in an amendment to this form.
(a) Effective February 20, 2008, the board of directors increased the size of
the board from seven to eleven directors. Article III, Section 1 of the
Company's Bylaws was amended to read as follows:
"The business of this corporation shall be managed by a board of not less than
four (4) nor more than eleven (11) directors or trustees, all of whom shall be
at least 18 years of age. Unless otherwise provided in the certificate or
articles of incorporation, or an amendment thereof, it shall not be necessary
for directors to be stockholders."
Exhibits
99.1 Press Release dated February 21, 2008.
|
|