8-K 1 f8k082514_8k.htm FORM 8-K CURRENT REPORT Form 8-K Current Report

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): August 25, 2014


 

LED LIGHTING COMPANY

 

(Exact name of registrant as specified in its charter)


DELAWARE

 

000-54146

 

27-3566984

(State or other jurisdiction of incorporation or organization)

 

Commission file number

 

(IRS Employer Identification No.)


 

737 Southpoint Blvd., Suite E

 

 

Petaluma, California 94954

 

(Address of principal executive offices)


 

(415) 526-3193

 

(Registrant’s telephone number)


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 1.01

Entry Into a Material Definitive Agreement.


Effective August 25, 2014, LED Lighting Company (the “Company”) entered into Debt Conversion Agreements with George Mainas, J. Thomas Hannan and Kevin Kearney pursuant to which each individual agreed to convert all amounts of compensation accrued and payable to such person under the terms of their respective consulting or employment agreement as of August 31, 2014 into shares of Company common stock at $1.00 per share. The Debt Conversion Agreements resulted in the conversion of an aggregate of $260,000 into 260,000 shares of Company common stock. Mr. Mainas and Mr. Hannan also agreed that their consulting agreements would be terminated as of August 31, 2014, and Mr. Kearney agreed that no future compensation will be owed to him by the Company under his employment agreement as of August 31, 2014. The foregoing is only a brief description of the material terms of the Debt Conversion Agreements, and does not purport to be a complete description of the rights and obligations of the parties under those agreements, and such descriptions are qualified in their entirety by reference to the agreements which are filed as exhibits to this Current Report.


Item 1.02

Termination of Material Definitive Agreement.


The information contained in Item 1.01 is incorporated herein by reference.


Item 3.02

Unregistered Sales of Registered Securities


The information contained in Item 1.01 is incorporated herein by reference. The issuance of shares described in Item 1.01 were made in reliance on the exemption provided by Section 4(2) of the Securities Act of 1933, as amended (the “Securities Act”) for the offer and sale of securities not involving a public offering, and Regulation D promulgated under the Securities Act. The Company’s reliance upon Section 4(2) of the Securities Act in issuing the securities was based upon the following factors: (a) the issuance of the securities was an isolated private transaction by us which did not involve a public offering; (b) there was only one recipient; (c) there were no subsequent or contemporaneous public offerings of the securities by the Company; (d) the securities were not broken down into smaller denominations; (e) the negotiations for the issuance of the securities took place directly between the individuals and the Company; and (f) the recipients of the securities are all accredited investors.


Item 9.01

Financial Statements and Exhibits


(d) Exhibits


No.

 

Description

 

 

 

10.14

 

Debt Conversion Agreement dated August 25, 2014 with George Mainas

10.15

 

Debt Conversion Agreement dated August 25, 2014 with J. Thomas Hannan

10.16

 

Debt Conversion Agreement dated August 25, 2014 with Kevin Kearney






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, thereunto duly authorized.


 

 

LED LIGHTING COMPANY

 

 

 

 

 

 

Dated: August 25, 2014

By:

/s/ Kevin Kearney

 

 

Kevin Kearney

 

 

Chief Executive Officer




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