8-K 1 d8k.htm FORM 8-K Form 8-K

 

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

 

December 5, 2005

(Date of Report – Date of earliest event reported)

 

DayStar Technologies, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware   50508   84-1390053
(State or other jurisdiction
of incorporation)
  (Commission file Number)   (I.R.S. Employer
Identification No.)

 

13 Corporate Drive
Halfmoon, New York
  12065
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (518) 383-4600

 

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:

 

¨ 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

 

Description of Changes

 

On November 30, 2005, Mr. Steven C. Argabright agreed to serve as a member of the Board of Directors of DayStar Technologies, Inc. (the “Company”). Mr. Argabright was appointed to fill a newly created vacancy on the Company’s Board, which has now been increased from five members to six members. Mr. Argabright’s term will commence on November 30, 2005 and expire at the next Annual Shareholders’ Meeting, where his name is expected to be added to the slate of board members for ratification, or when his successor has been elected and qualified.

 

Family Relationships and Certain Relationships and Related Transactions

 

There are no family relationships between Mr. Argabright and any director or executive officer and no transactions or proposed transactions between Mr. Argabright or any member of their immediate families, and the Company or its subsidiaries, or in which Mr. Argabright, or any member of his immediate family, will have a direct or indirect material interest.

 

Director Compensation

 

Mr. Argabright received fully vested options to purchase 6,000 shares of Company common stock at a price of $10.40 per share based on the closing price of the Company’s stock on the NASDAQ Capital Market on the date of grant.

 

Item 8.01 Other Events

 

Increase in Number of Directors

 

On October 6, 2005, the Company’s Board of Directors set the number of Directors of the Company at seven directors, pursuant to the terms of the Company’s bylaws.

 

Item 9.01. Financial Statements and Exhibits.

 

Exhibit No.

  

Description  


99.1    Press Release of DayStar Technologies, Inc. dated December 5, 2005


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.

 

DAYSTAR TECHNOLOGIES, INC.

/s/ Stephen A. Aanderud

Stephen A. Aanderud Chief

Financial Officer

 

Dated: December 5, 2005