- Current report filing (8-K)
30 10월 2009 - 6:27AM
Edgar (US Regulatory)
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)
|
October
23, 2009
|
|
SIMTROL,
INC.
|
(Exact
name of registrant as specified in its charter)
|
|
Delaware
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1-10927
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58-2028246
|
(State
or other jurisdiction
of
incorporation)
|
(Commission
File Number)
|
(IRS
Employer
Identification
No.)
|
520
Guthridge Court, Suite 250, Norcross, Georgia
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30092
|
(Address
of principal executive offices)
|
(Zip
Code)
|
|
Registrant's
telephone number, including area code
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(770)
242-7566
|
|
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))
Item
8.01 Other Events.
On
October 23, 2009, the Company assigned ownership of its Simtrol Visitor™ and
Simtrol Scheduler™ software (“Software”) to Strike Industries, Inc., a Florida
corporation, (“Strike”) granting Strike the right to modify, advertise, promote,
market, and license the software in exchange for $100,000 cash and a $400,000
note payable with the following terms:
|
·
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6%
simple interest calculated on an annual
basis
|
|
·
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Minimum
payment of $6,000 per quarter
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|
·
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Note
secured by the Software
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Simtrol
will be due a software royalty for sales of Visitor and Scheduler as
follows:
Until the
note is fully paid, the royalty will be 45% of net Software revenues earned by
Strike. Upon payment in full of the note, the royalty will be 10% of
net Software revenues.
In the
event that the Strike sells, assigns or otherwise liquidates the Software,
derivative works or other applications utilizing the Company’s Device
Manager
TM
software, the Company will receive 10% of the proceeds resulting from such an
event.
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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SIMTROL,
INC.
|
|
|
|
|
|
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By:
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/s/
Stephen N. Samp
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|
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Stephen
N. Samp
|
|
|
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Chief
Financial Officer
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|
Dated: October
29, 2009
Simtrol (CE) (USOTC:SMRL)
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Simtrol (CE) (USOTC:SMRL)
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