UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
WASHINGTON, DC 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) November 13, 2006
Dinewise, Inc. |
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(Exact Name of Registrant as Specified in Its Charter) |
Nevada |
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(State or Other Jurisdiction of Incorporation) |
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333-100110 |
01-0741042 |
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(Commission File Number) |
(IRS Employer Identification No.) |
500 Bi-Country Boulevard, Suite 400 |
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Farmingdale, NY |
11735 |
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(Address of Principal Executive Offices) |
(Zip Code) |
(631) 694-1111 |
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(Registrants Telephone Number, Including Area Code) |
N/A |
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(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
November 13, 2006, the Board of Directors of Dinewise, Inc., a Nevada corporation (the
Company), approved the Companys 2006 Stock Option Plan (the
Plan). The Plan permits the grant of nonqualified stock options (the
Awards) to employees, non-employees directors and consultants of the Company.
The Plan is administered by the
Companys Board of Directors (the Administrator). The Administrator will
determine the terms and conditions upon which the Awards may be made and exercised. The
maximum number of shares of the Companys Common Stock, $0.001 par value per share
(Common Stock) that may be issued pursuant to Awards made under the Plan is
7,500,000. The maximum number of shares of Common Stock that may be granted under any
Award to any one Employee in a calendar year is 2,500,000.
On
November 13, 2006, the Company granted to each of Mr. Thomas McNeill, the Companys
Chief Financial Officer and a director, and Mr. Richard Gray, the Companys Chief
Marketing Officer and a director, under the Plan, a nonqualified stock option (an
Option) to purchase up to 1,950,000 and 500,000 shares of Common
Stock, respectively, at an exercise price of $0.495 per share, with each Option vesting in
two (2) equal consecutive annual installments with 50% vesting on November 12, 2007 and
November 12, 2008, respectively.
The
foregoing description of the Plan is qualified in its entirety by reference to the full
text of the Plan, which is attached to this Current Report on Form 8-K as Exhibit 10.1 and
is incorporated herein by reference.
Item 9.01 |
Financial Statements and Exhibits |
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10.1. |
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The Dinewise, Inc. 2006 Stock Option Plan |
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.
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Date: November 17, 2006 |
Dinewise, Inc. |
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By: /s/ Thomas McNeill |
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Name: Thomas McNeill |
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Title: Vice President and Chief Financial Officer |
EXHIBIT INDEX
Exhibit Number |
Description |