SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 18, 2009
Southern Trust Securities Holding Corp.
(Exact name of registrant as specified in its charter)
145 Almeria Ave., Coral Gables, Florida 33134
(Address of principal executive offices) (zip code)
Registrants telephone number, including area code
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:
¨ 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))
Compensatory Arrangements of Certain Officers
On November 18, 2009, Southern Trust Securities Holding Corp. (the Company) and Robert Escobio, the Chief Executive Officer and Chief Financial Officer of the Company, entered into an Agreement of Waiver of Stock with respect to certain shares of unvested stock granted to Mr. Escobio by the Company on January 4, 2007. Mr. Escobio has agreed to forfeit his right to such shares, which would otherwise vest on December 4, 2009 through July 4, 2010. In total, the Company will cancel out 1,000,000 shares currently issued to Mr. Escobio over the eight-month period. Neither Mr. Escobio nor the Company shall receive any compensation with respect to such shares, or owe any additional sums with respect to such shares. The Agreement is attached hereto and filed herewith as Exhibit 10.7.
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.