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): December 3, 2008
(November 26, 2008)
ARC Wireless Solutions, Inc.
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(Exact name of registrant as specified in its charter)
Utah 000-18122 87-0454148
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(State or other jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification Number)
10601 West 48th Avenue
Wheat Ridge, Colorado 80033-2285
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(Address of principal executive offices)
303-421-4063
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(Registrant's Telephone Number)
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:
[ ] 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.
(b) On November 26, 2008, Richard L. Anderson, the Company's Executive Vice
President, resigned from his position with the Company, effective immediately.
Mr. Anderson informed the Company that his resignation from his position as
Executive Vice President of the Company was not the result of any disagreement
with the Company on any matter relating to the Company's operations, policies or
practices.
In connection with his resignation, Mr. Anderson and the Company executed a
separation agreement pursuant to which Mr. Anderson will be paid $120,000
through May 26, 2009, and he will receive health benefits from the Company
through June 30, 2009, both as payment for all compensation and other benefits
to which he otherwise would have been entitled under his November 7, 2007
employment agreement. Mr. Anderson also agreed to provide reasonable consulting
services to the Company through December 31, 2009.
On November 26, 2008, Monty R. Lamirato, the Company's Chief Financial Officer
and Treasurer, resigned from his positions with the Company, effective
immediately. Mr. Lamirato informed the Company that his resignation from his
positions as Chief Financial Officer and Treasurer of the Company was not the
result of any disagreement with the Company on any matter relating to the
Company's operations, policies or practices.
In connection with Mr. Lamirato's resignation, Mr. Lamirato and the Company
executed a separation agreement pursuant to which Mr. Lamirato will be paid
$115,000 through May 26, 2009 for all compensation and other benefits to which
he otherwise would have been entitled under his November 7, 2007 employment
agreement. Under the terms of this agreement, Mr. Lamirato agreed to provide
reasonable consulting services to the Company through October 31, 2009.
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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.
ARC WIRELESS SOLUTIONS, INC.
Date: December 3, 2008 By: /s/ Jason Young
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Jason Young
Chief Executive Officer