Attached files
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 earliest event reported): December 30, 2010
CIRALIGHT GLOBAL, INC.
(Exact name of registrant as specified in its charter)
Nevada 0-54036 26-4549003
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification Number)
670 E. Parkridge, Suite 112, Corona, California 92879
(Address of Principal Executive Offices) (Zip Code)
(877) 520-5005
(Registrant's 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 (see General Instruction 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 communication pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.133-4(c))
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN
OFFICERS
On December 30, 2010, the Company's Board of Directors approved and adopted
the Company's 2010 Employee and Consultant Stock Incentive Plan ("Plan") and
reserved a total of 800,000 shares of common stock for issuance pursuant to the
Plan. The Plan does not discriminate in scope, terms or operation, in favor of
executive officers or directors of the Company and salaried employees will be
entitled to participate in the Plan. A copy of the Plan is attached hereto as
Exhibit 99.1 and incorporated herein by reference.
On December 30, 2010, the Board of Directors granted a total of 605,000
options at an exercise price of $.425 per share, exercisable over five years
from the date of grant. 275,000 stock options were granted to the Company's
President, Jeffrey Brain, for achieving certain milestones and for serving on
the Board of Directors. 100,000 stock options were granted to Frederick Feck, a
Director of the Company, for serving on the Board of Directors in 2010.
ITEM 9.01 EXHIBITS
(d) Exhibits
99.1 Ciralight Global, Inc. 2010 Employee and Consultant Stock
Incentive Plan
SIGNATURES
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.
DATED: January 5, 2011
CIRALIGHT GLOBAL, INC.
By: /s/ Jeffrey S. Brain
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Jeffrey S. Brain
President and Chief Executive Officer
2
EXHIBIT INDEX
Exhibit No. Description of Exhibit
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99.1 Ciralight Global, Inc. 2010 Employee and Consultant Stock
Incentive Pla
