form8k.htm
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):
February 15, 2008
LaPolla
Industries, Inc.
(Exact name of Registrant as Specified in its Charter)
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Delaware
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001-31354
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13-3545304
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(State
of Incorporation)
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(Commission
File Number)
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(I.R.S.
Employer Identification No.)
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Intercontinental
Business Park
15402
Vantage Parkway East, Suite 322, Houston, Texas 77032
(Address
of Principal Executive Offices and Zip Code)
(281)
219-4700
(Registrant's
Telephone Number, Including Area Code)
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:
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o
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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LAPOLLA
INDUSTRIES, INC.
FORM
8-K
FEBRUARY
15, 2008
INDEX
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Page
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SECTION
5
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3
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Item
5.02
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3
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4
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5
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SECTION 5 – CORPORATE GOVERNANCE AND MANAGEMENT
Item
5.02. Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers
(b) Resignation
of Principal Financial Officer
On
February 15, 2008, Timothy J. Novak resigned as Chief Financial Officer and
Corporate Treasurer of the Company, positions he held since July 11, 2007, for
personal reasons.
(c) Appointment
of New Principal Financial Officer
On
February 15, 2008, Michael T. Adams was appointed as Interim Chief Financial
Officer and Corporate Treasurer until such time that a replacement is named. Mr.
Adams has been with the Company serving in various capacities since January 1,
1997 and is currently the Chief Governance Officer, Executive Vice President,
and Corporate Secretary, as well as, a member of the Board of
Directors. Mr. Adams holds a Bachelor of Science in Business
Administration, Master of Science in Business Administration, and Juris Doctor,
from Nova Southeastern University, Fort Lauderdale, Florida.
Mr. Adams
is 42 years old. There were no arrangements entered into with respect to Mr.
Adams’ selection and no familial relationships exist between Mr. Adams and any
director, executive officer, or person nominated or chosen by the Company to
become a director or executive officer.
Mr. Adams
is employed pursuant to an Employment Agreement dated July 25, 2005, which term
ends on January 31, 2009. His annual base salary is
$158,750. Mr. Adams also holds a stock option to purchase 400,000
shares of common stock, which vests upon satisfaction of certain conditions, is
exercisable at $.67 per share, and expires July 12, 2010.
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.
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Date: February
19, 2008
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LAPOLLA
INDUSTRIES, INC.
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By: /s/ Michael T.
Adams
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Michael
T. Adams
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Executive
Vice President
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Exhibit
Number
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Description
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Press
Release issued by LaPolla Industries, Inc. on February 19,
2008
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5
