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Attachment 1
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): January
3, 2008
Solomon
Technologies, Inc.
(Exact
name of registrant as specified in its charter)
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Delaware
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000-50532
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52-1812208
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(State
or other jurisdiction of
incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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1224 Mill St., Bldg. B
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East Berlin, Connecticut 06023
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(Address of principal executive offices, zip code)
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Registrant's
telephone number, including area code: (860)
828-2060
N/A
(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):
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))
Forward-Looking
Statements:
Some
of
the statements in this report are forward-looking statements that involve risks
and uncertainties. These forward-looking statements include statements about
our
plans, objectives, expectations, intentions and assumptions that are not
statements of historical fact. You can identify these statements by the
following words:
-
"may"
-
"will"
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"should"
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"estimates"
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"plans"
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"expects"
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"believes"
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"intends"
and
similar expressions. We cannot guarantee our future results, performance or
achievements. Our actual results and the timing of corporate events may differ
significantly from the expectations discussed in the forward-looking statements.
You are cautioned not to place undue reliance on any forward-looking statements.
Potential risks and uncertainties that could affect our future operating results
include, but are not limited to, the risks described in our Annual Report on
Form 10-KSB for the year ended December 31, 2006.
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Item
5.02.
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Departure
of Directors or Certain Officers; Election of Directors; Appointment
of
Certain Officers; Compensatory Arrangements of Certain
Officers.
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Gary
G.
Brandt, the Company’s Chief Executive Officer, resigned effective at the close
of business on January 3, 2008. Mr. Brandt will serve as a consultant to the
Company until March 31, 2008.
The
Company will issue to Mr. Brandt 167,000 shares of its common stock pursuant
to
the consulting agreement. The Company will also issue 333,000 shares of its
common stock to reimburse Mr. Brandt for expenses incurred on behalf of the
Company. All shares of the Company’s common stock will be registered with the
Securities and Exchange Commission.
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.
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SOLOMON
TECHNOLOGIES, INC.
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(Registrant)
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Dated:
January 9, 2008
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By:
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/s/
Samuel
Occhipinti
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Samuel
Occhipinti
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Chief
Financial Officer
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