UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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) June 28, 2005
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IONATRON, INC.
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(Exact Name of Registrant as Specified in Its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
001-14015 77-0262908
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(Commission File Number) (IRS Employer Identification No.)
3950 East Columbia, Tucson, Arizona 85714
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(Address of Principal Executive Offices) (Zip Code)
(520) 628-7415
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(Registrant's Telephone Number, Including Area Code)
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(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 (see General Instruction A.2. below):
|_| Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry into a Material Definitive Agreement.
On June 28, 2005, the stockholders of Ionatron, Inc. (the "Company")
approved an amendment to the Company's 2004 Stock Incentive Plan (the "2004
Plan") to (i) increase the number of shares of the Company's common stock, $.001
par value, ("Common Stock") authorized for issuance under the 2004 Plan by
2,000,000 shares from 3,000,000 shares to 5,000,000 shares, and (ii) set the
maximum number of shares of Common Stock which may be issued upon the exercise
of incentive stock options at 3,000,000 shares.
Summary of the 2004 Plan
The 2004 Plan provides for the grant of any or all of the following types
of awards (collectively, "Awards"): (a) stock options, (b) restricted stock, (c)
deferred stock and (d) other stock-based awards. Awards may be granted singly,
in combination, or in tandem, as determined by the Board of Directors (the
"Board") or the Committee (as defined below).
The 2004 Plan may be administered by the Board or a Committee (the
"Committee") consisting of two or more members of the Board appointed by the
Board. The Board or the Committee will determine, among other things, the
persons to whom Awards will be granted, the type of Awards to be granted, the
number of shares subject to each Award and the share price. The Board or the
Committee will also determine the term of each Award, the restrictions or
limitations thereon, and the manner in which each such Award may be exercised
or, if applicable, the extent and circumstances under which Common Stock and
other amounts payable with respect to an Award will be deferred. No Award may be
granted pursuant to the 2004 Plan on or after the tenth anniversary of the
effective date of the 2004 Plan.
The foregoing summary of the 2004 Plan is qualified in its entirety by
reference to the copy of the 2004 Plan which is incorporated by as an exhibit to
this report as noted in Item 9.01 below.
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit No. Description
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10.1 2004 Stock Incentive Plan of the Company (incorporated by
reference to Appendix B to the Company's definitive proxy
statement on Form 14A filed with the Securities and Exchange
Commission on May 25, 2005).
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 thereunto duly authorized.
IONATRON, INC.
(Registrant)
By: /s/ Thomas C. Dearmin
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Thomas C. Dearmin
President and Chief Executive Officer
Date: July 5, 2005