Monarch Staffing, Inc. (Other) (8-K)
26 September 2007 - 12:03PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15 (D) OF THE SECURITIES EXCHANGE ACT OF
1934
Date
of
Report (Date of Event Earliest Reported): September 25, 2007 (September 18,
2007)
Monarch
Staffing, Inc.
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(Exact
name of registrant as specified in its charter)
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Nevada
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0-49915
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88-0474056
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(I.R.S. Employer Identification
No.)
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30950
Rancho Viejo Rd #120,
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(Address
of principal executive
offices)
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(949)
260-0150
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(Registrant's
telephone
number)
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(Former
name or former address, if changed since last
report.)
|
|
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 Instructions 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; Election of
Directors; Appointment of Principal Officers
On
September 18, 2007, we appointed William Comte as a member of our Board of
Directors. Our Board of Directors has determined that Mr. Comte will
qualify as “independent” under Rule 4200(a)(15) of the National Association of
Securities Dealers’ listing standards.
Mr.
Comte, age 54, is the chairman, chief executive officer and president (since
2002) of AccentCare, Inc., a home healthcare company. Prior to
AccentCare, Mr. Comte served as chief executive officer of several for-profit
and not-for-profit healthcare systems. He also has experience in the workers'
compensation area, where he was chief operating officer of Concentra. Prior
to
that, he founded and was chief executive officer and president of Premier
Practice Management, a physician practice management
company. Mr. Comte received a Masters of Business
Administration degree from the University of Miami, Florida, a Bachelors of
Science degree in Business from Villanova University, and is a graduate of
the
Duke Endowment program in Hospital Administration.
As
a
member of our Board of Directors, Mr. Comte will receive cash compensation
of
$2,500 per quarter. In addition, we have granted to Mr. Comte an
option to purchase 100,000 shares of our common stock at exercise prices equal
to $0.0055 per share. The option vested 20% upon grant and thereafter
10% for eight quarters with full vesting upon a change in control
Item
9.01. Financial Statements and Exhibits
Exhibit
No.
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Description
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10.1
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Idemnification
Agreement with William Comte
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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Monarch
Staffing,
Inc.
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a
Nevada corporation
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Date: September
25,
2007
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By:
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/s/ Quang
X. Pham
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Name:Quang
X. Pham
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Title:
Chief Executive
Officer
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