UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C.
20549
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FORM 8-K
CURRENT REPORT
PURSUANTTO SECTION 13 OR 15 (d) OF
THE SECURITIES EXCHANGE ACT OF
1934
Date of Report
(Date of earliest
event reported): May 15, 2008
(Exact name of registrant as
specified in its charter)
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New
Jersey
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0-24115
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22-1848316
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(State
or Other Jurisdiction of
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(Commission
File Number)
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(I.R.S.
Employer
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Incorporation)
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Identification
No.)
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11
Royal Road, Brookline, Massachusetts
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(Address
of principal executive offices)
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Registrant’s
telephone number, including area code: (617) 725-8900
Check the
appropriate box below if the Form 8-K 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
Offices; Compensatory Arrangements of Certain Officers
On May
15, 2008, by authority contained in our By-Laws, our board of directors expanded
the size of our board of directors and appointed Mr. Tom Duterme to our board of
directors. We do not currently have any committees of directors, but
inasmuch as Mr. Duterme is “independent” it is anticipated that he will be
appointed to various committees once they are established. Mr.
Duterme does not have any existing relationship with us nor does he have any
agreements or arrangements to receive funds from us, except that he will receive
the standard director fee we pay to all non-employee directors for their
services as directors in the amount of 150,000 options upon initially joining
the board that vest immediately and an annual grant of an additional 100,000
options that would vest in 12 months, provided the director served at least 6
months in office. On a pro rata basis, Mr. Duterme will be receiving
62,500 options of the 2008 annual grant.
Item 8.01 Other
Events
On May
19, 2008, we distributed a press release announcing the appointment of Mr.
Duterme to our board of directors, a copy of which is filed herewith as an
exhibit.
Item
9.01 Financial Statements
and Exhibits
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Exhibit
10.1
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Press
Release
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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.
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WORLDS.COM,
INC. |
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Dated: May
20, 2008
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By:
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/s/ Thomas
Kidrin |
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Thomas
Kidrin |
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President |
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