UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported)
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June 14, 2007 (June 8, 2007) |
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Power Efficiency Corporation
(Exact name of registrant as specified in its charter)
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| Delaware
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0-31805
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22-3337365 |
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.) |
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| 3960 Howard Hughes Pkwy, Suite 460, Las Vegas, NV
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89169 |
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| (Address of principal executive offices)
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(Zip Code) |
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Registrant’s telephone number, including area code:
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(702) 697-0377 |
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation to the registrant under any of the following provisions:
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))
TABLE OF CONTENTS
Item 5.02. Appointment of Principal Officers.
On June 8, 2007, Power Efficiency Corporation, a Delaware corporation (the “Company”), named Brian
Chan to the position of Treasurer. Mr. Chan, 28, will maintain his position as Controller of the
Company. As Treasurer, Mr. Chan will be responsible for the management of the Company’s treasury
activities.
Mr. Chan joined the Company in February 2005. Prior to joining the Company, Mr. Chan was a staff
accountant at Johnson Jacobson Wilcox, a Las Vegas CPA from December 2003 to February 2005. Prior
to JJW, Mr. Chan was a staff accountant at Kafoury, Armstrong and Company, a Las Vegas CPA firm
from December 2002 to December 2003. Mr. Chan began his career with Smith, Lange and Phillips, a
prominent San Francisco CPA firm, from September 2000 to December 2002.
Mr. Chan is a licensed CPA in California, has a Bachelor of Arts in Business Economics with an
emphasis in Accounting from U.C. Santa Barbara, and is a member of the AICPA.
Item 8.01. Other Events
On June 8, 2007, the Company held its annual meeting of stockholders (the “Annual Meeting”). At
the Annual Meeting, a majority of the Company’s shares represented at the Annual Meeting approved
the following proposals:
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The election of all seven (7) members of the Company’s Board of Directors to
serve until the 2008 Annual Meeting of Stockholders or until their successors are duly
elected and qualified; |
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An amendment to the Company’s Amended and Restated Certificate of Incorporation
to increase the number of authorized shares of stock from 110,000,000 to 150,000,000; |
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An amendment of the Company’s 2000 Stock Option and Restricted Stock Plan (the
“Plan”) eliminating the right of first refusal of the Company to acquire any shares of
common stock acquired under the Plan upon any proposed transfer of such shares; and |
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Ratification of the appointment by the Audit Committee of the Company’s Board
of Directors of Sobel & Co., LLC as the Company’s independent auditors for the fiscal
year ending December 31, 2007. |
Item 9.01. Financial Statements and Exhibits.
None.
This Current Report on Form 8-K may contain, among other things, certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995, including, without
limitation, statements with respect to the Company’s plans, objectives, expectations and intentions
and other statements identified by words such as “may”, “could”, “would”, “should”, “believes”,
“expects”, “anticipates”, “estimates”, “intends”, “plans” or similar expressions. These