Unassociated Document
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): August 21,
2007
INNOVA
ROBOTICS & AUTOMATION, INC.
(Exact
name of registrant as specified in its charter)
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Delaware
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000-33231
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95-4868120
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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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15870
Pine Ridge Road, Fort Myers, Florida 33908
(Address
of principal executive offices and Zip Code)
Registrant's
telephone number, including area code (239) 466-0488
Copies
to:
Gregory
Sichenzia, Esq.
Stephen
M. Fleming, Esq.
Sichenzia
Ross Friedman Ference LLP
61
Broadway, 32nd
Floor
New
York,
New York 10006
Phone:
(212) 930-9700
Fax:
(212) 930-9725
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
5.02 Departure
of Directors or Principal Officers; Election of Directors; Appointment of
Principal Officers.
On
August
21, 2007, Walter Weisel resigned as the Chief Executive Officer of Innova
Robotics & Automation, Inc. (the “Company”). Mr. Weisel will continue to
serve as the Company’s Chairman of the Board and President of Innova
Robotics, Inc. and Robotic Workspace Technologies, Inc., two of the Company’s
subsidiaries. There
was
no disagreement or dispute between Mr. Weisel and the Company which led to
his
resignation. In addition, on August 21, 2007, the Board of Directors appointed
Eugene V. Gartlan as Chief Executive Officer. There are no understandings or
arrangements between Mr. Gartlan and any other person pursuant to which Mr.
Gartlan was selected as an officer of the Company. Mr. Gartlan does not have
any
family relationship with any director, executive officer or person nominated
or
chosen by us to become a director or executive officer. Furthermore, Mr. Gartlan
has never entered into a transaction, nor is there any proposed transaction,
between Mr. Gartlan and the Company.
Mr.
Gartlan served as a consultant to the Company since December 15, 2004 through
his wholly owned company, Stratex Solutions, LLC. ("Stratex"), a business
consulting firm. Stratex earned 1,200,000 shares of the Company's common stock
and received reimbursement of business expenses of approximately $12,000 as
consideration for these consulting services. Mr. Gartlan served as the President
of Stratex since June 2003. Stratex's compensation was based on a monthly salary
of $10,000, payable in cash or common stock of the Company at the option of
the
Company. The price per share used to determine the number of shares earned
if
stock was paid was $.05 per share, the stock price on the date the Company
and
Stratex entered into the consulting agreement. No cash salary has been paid
to
Stratex. From June 2005 through December 2006, Mr. Gartlan served as CFO of
the
Company. From June 2000 through June 2003 Mr. Gartlan was a self employed
business consultant doing business under the name CFO Strategies and E. V.
Gartlan. From June 2000 to June 2003, Mr. Gartlan was also an independent
contractor with Whitestone Communications, Inc. serving in the capacity as
a
Managing Director of this investment banking firm specializing in mergers and
acquisitions in the publishing industry. Mr. Gartlan's prior experience include
positions as Chief Financial Officer of The Thomson Corporation's Information
Publishing Group, Chief Financial Officer with Moody's Investors Service, Chief
Financial Officer with International Data Group as well as several top financial
management positions with The Dun & Bradstreet Corporation. Mr. Gartlan
worked with Price Waterhouse earlier in his career and is a CPA in New
York.
On
August
27, 2007, the Company issued a press release announcing the aforementioned
management changes which is attached hereto as Exhibit 99.1.
Item
9.01 Financial
Statements and Exhibits.
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(a)
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Financial
statements of business
acquired.
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Not
applicable.
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(b)
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Pro
forma financial
information.
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Not
applicable.
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Exhibit
Number
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Description
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99.1
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Press
Release of Innova Robotics and Automation dated as of August 27,
2007.
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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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INNOVA
ROBOTICS & AUTOMATION, INC.
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Date:
August 27, 2007
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/s/
Eugene V. Gartlan
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Eugene
V. Gartlan
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Chief
Executive Officer
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