-----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, HbqFxpclohKptzZVRNpiASj/gXIUyeCacFpTxPzeTt6fubovHkbNfaw108Y1GUxu 6/XfwyoQnzjhc+1JhgA38w== 0001362310-08-003954.txt : 20080730 0001362310-08-003954.hdr.sgml : 20080730 20080730163339 ACCESSION NUMBER: 0001362310-08-003954 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080728 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Changes in Registrant.s Certifying Accountant FILED AS OF DATE: 20080730 DATE AS OF CHANGE: 20080730 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Clear Skies Solar, Inc CENTRAL INDEX KEY: 0001402857 STANDARD INDUSTRIAL CLASSIFICATION: HEATING EQUIPMENT, EXCEPT ELECTRIC & WARM AIR FURNACES [3433] IRS NUMBER: 300401535 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-53105 FILM NUMBER: 08979334 BUSINESS ADDRESS: STREET 1: 200 OLD COUNTRY ROAD STREET 2: SUITE 610 CITY: MINEOLA STATE: NY ZIP: 11501 BUSINESS PHONE: (516) 282-7652 MAIL ADDRESS: STREET 1: 200 OLD COUNTRY ROAD STREET 2: SUITE 610 CITY: MINEOLA STATE: NY ZIP: 11501 FORMER COMPANY: FORMER CONFORMED NAME: Clear Skies Holdings Inc DATE OF NAME CHANGE: 20071219 FORMER COMPANY: FORMER CONFORMED NAME: Bip Oil Inc DATE OF NAME CHANGE: 20070612 8-K 1 c74176e8vk.htm FORM 8-K Filed by Bowne Pure Compliance
 
 

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

CLEAR SKIES SOLAR, INC.
(Exact name of registrant as specified in its charter)
         
Delaware   000-53105   30-0401535
(State or other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)
     
200 Old Country Road, Suite 610
Mineola, New York
  11501
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code: (516) 282-7652
 
 
(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:

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 1.01. Entry into a Material Definitive Agreement

On July 28, 2008, our Board of Directors approved an amendment to the compensation terms of the Employment Agreement, dated as of December 31, 2007, between us and Arthur Goldberg (the “Goldberg Agreement”), pursuant to which Mr. Goldberg serves as our Chief Financial Officer, Secretary and Treasurer. Such amendment modifies Section 4 of the Goldberg Agreement to increase Mr. Goldberg’s annual base salary from $175,000 to $200,000. All the other terms of the Goldberg Agreement remain unchanged.

On July 28, 2008, our Board of Directors also approved an amendment to the compensation terms of the Employment Agreement, dated as of March 19, 2008, between us and Thomas Oliveri (the “Oliveri Agreement”), pursuant to which Thomas Oliveri serves as our President and Chief Operating Officer. Such amendment modifies Section 4 of the Oliveri Agreement to increase Mr. Oliveri’s annual base salary from $190,000 to $200,000. All the other terms of the Oliveri Agreement remain unchanged.

On July 28, 2008, our Board of Directors adopted the 2008 Equity Incentive Plan, (“the 2008 Plan”), pursuant to which 2,500,000 shares of our common stock are reserved for issuance as awards to employees, directors, consultants, and other service providers. We plan to seek stockholder approval of the 2008 Plan at our next annual meeting of stockholders.

Item 4.01 Changes in Registrant’s Certifying Accountant.

New Independent Registered Public Accounting Firm

On July 28, 2008, we appointed J.H. Cohn, LLP (“J.H. Cohn”) as our new independent registered public accounting firm.

During the fiscal years ended December 31, 2006 and 2007 and through July 28, 2008, neither we nor anyone acting on our behalf had consulted with J.H. Cohn regarding either: (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on our financial statements; or (ii) any matter that was either the subject of a disagreement (as that term is defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions to that Item) or a reportable event (as that term is defined in Item 304(a)(1)(v) of Regulation S-K).

 

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

             
    Clear Skies Solar, Inc.
 
Dated: July 30, 2008   By:   /s/ Ezra Green
         
    Name:   Ezra Green
    Title:   Chief Executive Officer
         

 

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