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

Date of Report (Date of earliest event reported) January 15, 2007

 

AMERICAN ACCESS TECHNOLOGIES, INC.

(Exact name of registrant as specified in its charter)

 

 

Florida   000-24575   59-3410234

(State or other jurisdiction

of incorporation)

   (Commission File Number)  

(IRS Employer

Identification No.)

 

6670 SPRINGLAKE ROAD, KEYSTONE HEIGHTS, FLORIDA   32656
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code 352-473-6673

 

 

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.

On January 15,2007, Registrant’s board finalized the director fee for each director elected at the 2006 annual meeting. The director fee includes a stock option to purchase 19,200 shares of common stock pursuant to the Directors Stock Option Plan approved by stockholders in 2004 and $7,800 in cash. This is a change from the director fees paid in 2005 in which each director was granted stock options to purchase 50,000 shares of common stock pursuant to the 2004 Directors Stock Option Plan plus 5,000 additional stock options for each committee member and 10,000 stock options for each committee chair.

SIGNATURE

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.

 

  AMERICAN ACCESS TECHNOLOGIES, INC.
    (Registrant)

Date: January 18, 2007

   By:  

/s/ Joseph F. McGuire

    Joseph F. McGuire
    Chief Financial Officer, Secretary, and Treasurer