form8k.htm
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): March 21, 2008
Airtrax,
Inc.
(Exact
name of registrant as specified in its charter)
|
New
Jersey
|
0-25791
|
22-3506376
|
|
(State or
other jurisdiction of incorporation)
|
(Commission File
Number)
|
(IRS Employer
Identification No.)
|
| |
|
|
200 Freeway Drive Unit One,
Blackwood, NJ 08012
(Address
of principal executive offices and Zip Code)
Registrant's
telephone number, including area code: (856) 232-3000
Copies
to:
Richard
A. Friedman, Esq.
Sichenzia
Ross Friedman Ference LLP
61
Broadway, 32nd
Floor
New York,
New York 10006
Phone:
(212) 930-9700
Fax:
(212) 930-9725
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 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment
of Certain Officers; Compensatory Arrangements of Certain Officers.
In
connection with a plan to suspend Airtrax’s operations, as explained below,
on March 21, 2008 the Board of Directors of Airtrax suspended the employment of
all of its officers. It is expected that Mr. Robert Watson, the CEO of
Airtrax, will continue as Acting Chief Executive Officer on a part-time
consulting basis to continue to pursue financing.
Item 8.01
Other Events.
On
March 21, 2008, the Board of Directors of Airtrax elected to suspend all
operations of Airtrax’s business, due to Airtrax's inability to secure
the financing required to continue operations. In connection
with Airtrax’s suspension of operations, Airtrax has suspended the employment of
all employees. As instructed by the Board, Airtrax’s Acting Chief Executive
Officer, on a part-time consulting basis, intends to continue to pursue
financing.
Item
9.01 Financial Statements and Exhibits.
|
(a)
|
Financial
statements of business acquired.
|
Not
applicable.
|
(b)
|
Pro
forma financial information.
|
Not
applicable.
None.
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.
| |
Airtrax, Inc. |
|
| |
|
|
|
|
Date:
March 27, 2008
|
By:
|
/s/ Robert
M. Watson |
|
| |
|
Robert
M. Watson |
|
| |
|
Chief
Executive Officer |
|
| |
|
|
|