-----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, GR3PZrIqckmmFVaEJXoyhLaVisyEyexiMxRuzYTTt8Sf18fQIma24SOQVKZ/QMf8 7qR1iSA17a7ISyiINWIbtA== 0001104659-08-066863.txt : 20081030 0001104659-08-066863.hdr.sgml : 20081030 20081030112840 ACCESSION NUMBER: 0001104659-08-066863 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20081024 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers FILED AS OF DATE: 20081030 DATE AS OF CHANGE: 20081030 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MICRO COMPONENT TECHNOLOGY INC CENTRAL INDEX KEY: 0000911149 STANDARD INDUSTRIAL CLASSIFICATION: INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS [3825] IRS NUMBER: 410985960 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22384 FILM NUMBER: 081149912 BUSINESS ADDRESS: STREET 1: 2340 W COUNTY RD C CITY: ST PAUL STATE: MN ZIP: 55113-2528 BUSINESS PHONE: 6516974000 MAIL ADDRESS: STREET 1: 2340 W COUNTY RD C CITY: ST PAUL STATE: MN ZIP: 55113-2528 8-K 1 a08-27253_18k.htm 8-K

 

 

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549-1004

 

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)  October 24, 2008

 

MICRO COMPONENT TECHNOLOGY, INC.

(Exact name of registrant as specified in its charter)

 

Minnesota

 

0-22384

 

41-0985960

(State or other jurisdiction of

 

(Commission File

 

(I.R.S. Employer

incorporation or organization)

 

Number)

 

Identification No.)

 

2340 West County Road C, St. Paul, Minnesota 55113

(651) 697-4000

(Address, including zip code, and telephone number, including area

code, of registrant’s principal executive offices)

 

 

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simutaneously satify the filing obligation of the registrant under any of the following provision:

 

o                                    Written communications pursuant to Rule 425 under the Securities Act (17 CRF 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 CRF 240.14d-2(b))

 

o                                    Pre-commencement communications pursuant to Rule 13e-4© under the Exchange Act (17 CRF 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

 

 

 

On October 24, 2008, the Board of Directors of Micro Component Technology, Inc. (the “Company”) appointed John Moon, age 49, to serve as the Company’s Chief Operating Officer.  Mr. Moon has served as a consultant to the Company since May 2008, pursuant to a Consulting Agreement entered into at that time between the Company and Mr. Moon’s wholly-owned company, LMWH Management Partners, LLC.  Mr. Moon was retained as a consultant at the recommendation of the Company’s secured lender, Laurus Master Funds, Ltd.  Mr. Moon receives a consulting fee of $15,000 per month. He was also granted a nonqualified stock option to purchase 3,000,000 shares of common stock at an exercise price of $0.11 per share.  The option vests and becomes exercisable upon the satisfaction of certain time-based and performance conditions.  Copies of Mr. Moon’s Consulting Agreement and Stock Option Agreement were filed as exhibits to the Company’s Form 10-Q for the quarter ended June 28, 2008.  Mr. Moon has extensive experience in the semiconductor, venture capital, communications, and IT industries.  During the past five years, he has held the following positions: July 2006 to present, LMWH Management Partners, LLC, Managing Partner; January 2002 to June 2006, Magnolia Broadband, Inc., Senior Vice-President of Corporate Development.

 

 

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.

 

 

 

MICRO COMPONENT TECHNOLOGY, INC.

 

(Registrant)

 

 

 

 

 

Date: October 30, 2008

 

 

 

By: /s/ Bruce R. Ficks

 

 

(Bruce R. Ficks, Chief Financial Officer)

 

 

2

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