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 earliest event reported)
January 28, 2007
 
 
SIMTROL, INC.
(Exact name of registrant as specified in its charter)
 
Delaware
1-10927
58-2028246
(State or other jurisdiction
of incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
 
 
2200 Norcross Parkway, Norcross, Georgia
30071
(Address of principal executive offices)
(Zip Code)
 
 
Registrant's telephone number, including area code
(770) 242-7566
 
 
N/A
(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 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 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 1.01
Entry into a Material Definitive Agreement.

On January 28, 2007, the Compensation Committee of the Board of Directors (the "Committee") of Simtrol, Inc. (the "Company") approved an amendment to the Company's 2002 Stock Option Plan (the "Plan") to increase the number of shares of common stock authorized for issuance under the Plan to 4,000,000 shares from the previously authorized amount of 2,500,000 shares.

The Company's Plan permits the grant of options to its employees, directors and consultants for up to 4,000,000 shares of the Company's common stock. Option awards under the Plan are granted with an exercise price equal to or above the market price of the Company's common stock on the date of the grant, in accordance with the terms of the Plan. The options granted under the Plan generally have five-year contractual terms for directors and ten-year contractual terms for employees. The options granted under the Plan generally vest immediately for directors and over a four-year period for employees.

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

The information set forth under Item 1.01 is incorporated herein by reference in its entirety.

 
 
 

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.

 
SIMTROL, INC.
   
   
   
 
By: /s/ Stephen N. Samp                             
 
       Stephen N. Samp
 
       Chief Financial Officer


Dated: February 1, 2007