-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DpLLhHNORlmlqtAaWdKtlsw+yjfv2xwrmEUdBUcUgiIENN94fpou8gEVh01Z9Vjz qTiPHjnQcqssbezl9yZOUA== 0000950138-08-000509.txt : 20080728 0000950138-08-000509.hdr.sgml : 20080728 20080728142522 ACCESSION NUMBER: 0000950138-08-000509 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080728 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers FILED AS OF DATE: 20080728 DATE AS OF CHANGE: 20080728 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IFTH ACQUISITION CORP CENTRAL INDEX KEY: 0001037417 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 112889809 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22693 FILM NUMBER: 08972726 BUSINESS ADDRESS: STREET 1: 7 KINGSBRIDGE ROAD CITY: FAIRFIELD STATE: NJ ZIP: 07004 BUSINESS PHONE: 9732278722 MAIL ADDRESS: STREET 1: 7 KINGSBRIDGE ROAD CITY: FAIRFIELD STATE: NJ ZIP: 07004 FORMER COMPANY: FORMER CONFORMED NAME: INFOTECH USA INC DATE OF NAME CHANGE: 20030410 FORMER COMPANY: FORMER CONFORMED NAME: SYSCOMM INTERNATIONAL CORP DATE OF NAME CHANGE: 19970408 8-K 1 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): July 28, 2008 (July 22, 2008)

IFTH Acquisition Corp. (f/k/a InfoTech USA, Inc.)

(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction of incorporation)

0-22693
(Commission
file number)

11-2889809
(IRS Employer
Identification Number)

1690 South Congress Ave., Suite 200, Delray Beach, Florida 33445
(Address of principal executive office, including zip code)

Registrant’s telephone number, including area code: (561) 805-8000

 

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:

 

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o  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 July 22, 2008, J. Robert Patterson, Charles L. Doherty and Jeffrey S. Cobb each resigned from their position as a Director of IFTH Acquisition Corp. (the “Registrant”).

(d)        On July 23, 2008, Michael E. Krawitz and Kay E. Langsford were each appointed to the Board of Directors of the Registrant. Mr. Krawitz was appointed as chairman of the Audit Committee and to the Compensation Committee and the Nominating and Corporate Governance Committee. Ms. Langsford was appointed as chairman of the Nominating and Corporate Governance Committee and to the Audit Committee and Compensation Committee. Scott Silverman was appointed as chairman of the Compensation Committee and to the Nominating and Corporate Governance Committee.

There are no arrangements or understandings between the new directors and any other persons pursuant to which such director was selected as a director.

(e)        On July 25, 2008, the Board of Directors of the Registrant approved grants of stock options to the following officers and directors, all of which vest 100% on the first anniversary of the date of grant.

 

Optionee

Number of Shares Underlying Options

Exercise Price

Michael J. Feder

100,000

$0.21

Michael E. Krawitz

200,000

$0.21

Kay E. Langsford

100,000

$0.21

Scott Silverman

500,000

$0.21

 

 

Note (1):  

The exercise price equals the closing price on the day preceding the date of grant.

The options to purchase common stock of the Company were granted pursuant to the Registrant’s 2001 Flexible Stock Plan.

 

 

 


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.

 

 

IFTH ACQUISITION CORP.

 

 

 

Date: July 28, 2008

By:

/s/ Michael J. Feder

 

 

Michael J. Feder

 

 

Acting Chief Financial Officer

 

 

 

 

 

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