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AERG > SEC Filings for AERG > Form 8-K on 22-Mar-2013All Recent SEC Filings

Show all filings for APPLIED ENERGETICS, INC. | Request a Trial to NEW EDGAR Online Pro



Change in Directors or Principal Officers, Other Events

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

On March 18, 2013, in an effort to reduce the Company's expenses, Mr. Hayden advised the Board of Directors of Applied Energetics, Inc. (the "Company") that he is resigning as President of the Company effective April 1, 2013 but agreed to continue to serve as a consultant to the Company. The Board and Mr. Hayden agreed that Mr. Hayden would continue to serve as the Company's principal executive officer, principal financial officer and principal accounting officer.

Item 8.01. Other Events

On March 18, 2013, the Board of Directors of the Company agreed to reduce their annual director compensation, effective immediately as follows:

Mark Lister and George Farley - $25,000

John Levy - $20,000

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