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ORNG.OB > SEC Filings for ORNG.OB > Form 8-K on 21-Dec-2011All Recent SEC Filings

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Form 8-K for ORANGE 21 INC.


21-Dec-2011

Change in Directors or Principal Officers, Financial Statements and Exhibits


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

Amendment No. 1 to Amended and Restated Executive Employment Agreement with Michael Marckx

On December 15, 2011, Orange 21 Inc. entered into an Amendment No. 1 to Amended and Restated Employment Agreement with Michael Marckx (the "Amendment"). Mr. Marckx is currently our chief executive officer and president. The Amendment amends the Amended and Restated Employment Agreement that we entered into on November 2, 2011 with Mr. Marckx to increase the amount of cash bonus that Mr. Marckx is eligible to receive for Mr. Marckx's service to our company during fiscal 2011 from $50,000 to $150,000. The final bonus amount will be determined at the sole discretion of our board of directors or its compensation committee.



Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.       Description

10.1              Amendment No. 1 to Amended and Restated Executive Employment
                  Agreement by and between the Company and Michael Marckx dated
                  December 15, 2011

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