-----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, EfrZ4QVpkVbQ0D9iaCYLAoXnvJf4WcSg9tvuQ5R7TQJBXsjWYi8oFAI8PfXNldLZ +mRSEmeM6EvqoOAKt4A8Rg== 0001185185-08-000458.txt : 20080605 0001185185-08-000458.hdr.sgml : 20080605 20080605135850 ACCESSION NUMBER: 0001185185-08-000458 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080531 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers FILED AS OF DATE: 20080605 DATE AS OF CHANGE: 20080605 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INNOVATIVE SOFTWARE TECHNOLOGIES INC CENTRAL INDEX KEY: 0001084047 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 954691878 STATE OF INCORPORATION: CA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-27465 FILM NUMBER: 08882614 BUSINESS ADDRESS: STREET 1: 5072 NORTH 300 WEST CITY: PROVO STATE: UT ZIP: 84604 BUSINESS PHONE: 801-371-0755 MAIL ADDRESS: STREET 1: 5072 NORTH 300 WEST CITY: PROVO STATE: UT ZIP: 84604 8-K 1 innsoftware8k060408.htm innsoftware8k060408.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 and Exchange Act of 1934
 
Date of Report (Date of earliest reported):  May 31, 2008
__________________

INNOVATIVE SOFTWARE TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)

 

Delaware
(State or Other Jurisdiction of
Incorporation or Organization)
000-27465
(Commission File Number)
 
26-1469061
(IRS Employer
Identification No.)
 
 
911 Ranch Road 620 N, Suite 204
Austin, TX 78734
(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (512) 266 - 2000

Copies to:
Darrin M. Ocasio, Esq.
Jonathan R. Shechter, Esq.
Sichenzia Ross Friedman Ference LLP
61 Broadway, 32nd Fl.
New York, New York 10006
Phone: (212) 930-9700
Fax: (212) 930-9725

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):

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))
 
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ITEM 5.02    Departure of Directors or Certain Officers, Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
 
(a)
Not applicable.
(b)
On May 30, 2008, Christopher J. Floyd, Innovative Software Technologies, Inc.’s (the “Company”) Chief Financial Officer and Secretary gave notice to the Company of his resignation, effective May 31, 2008. Mr. Floyd is resigning to pursue another career opportunity.
(c)
In connection with the announced resignation of Mr. Floyd, the Company announced that Mr. Robert V. Rudman, currently Managing Director of Aspen Capital Partners, LLC, the Company’s investment bank, would be serving as the principal financial officer of the Company, effective upon the resignation of Mr. Floyd. Mr. Rudman, age 60, has served as Managing Director of Aspen Capital, LLC since November 2007. He served as Director of Finance of D.P. Martin & Associates Inc. from May 2005 until November 2007. Previously, he served as President & Chief Executive Officer of SmarTire Systems Inc. since January 1996. Mr. Rudman has not engaged in any transactions with the Company or any of its subsidiaries that would be required to be reported under Item 404(a) of Regulation S-K promulgated by the Securities and Exchange Commission.
(d)
Not applicable.
(e)
Not applicable.
(f)
Not applicable.
 
 

 
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SIGNATURES

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.
 
 
 
INNOVATIVE SOFTWARE TECHNOLOGIES, INC.
 
       
Date: June 5, 2008
By:
/s/ Philip D. Ellett  
   
Philip D. Ellett
 
   
Chief Executive Officer
 
       
 
 
 
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