f8k-123009_spicy.htm
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): December 30, 2009
SPICY
PICKLE FRANCHISING, INC.
(Exact
name of registrant as specified in its charter)
|
Colorado
(State
or other jurisdiction
of
incorporation)
|
0-53000
(Commission
File
Number)
|
38-3750924
(IRS
Employer
Identification
No.)
|
90
Madison Street, Suite 700, Denver, Colorado 80206
(Address
of principal executive
offices) (Zip
Code)
(303)
297-1902
Registrant’s
telephone number, including area code
Not
Applicable
(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
8.01 Other
Events
On
December 30, 2009, the board of directors of the registrant adopted the 2009
Stock Option Plan and the 2009 Restricted Stock Plan. Both plans are
part of the registrant’s efforts to conserve cash by compensating its employees
with equity securities of the registrant.
The 2009
Stock Option Plan allows the registrant to grant options to purchase up to
5,000,000 shares of its common stock (subject to certain adjustments in the
event of stock splits or other similar events) as incentive stock options. The
registrant’s board of directors has delegated authority to grant options under
the 2009 Stock Option Plan to the Compensation Committee of the board of
directors.
The 2009
Restricted Stock Plan allows the registrant to grant up to 5,000,000 shares
of its common stock as restricted stock awards. Shares of common
stock that are the subject of a restricted stock award shall be subject to
restrictions on disposition by the recipient and an obligation of the recipient
to forfeit and surrender the shares to the registrant under certain
circumstances (the “Forfeiture Restrictions”). The Forfeiture
Restrictions shall be determined by the Compensation Committee of the board of
directors in its sole discretion.
Item
9.01 Financial
Statements and Exhibits
|
Regulation
S-K
Number
|
Document
|
| |
|
|
10.1
|
2009
Stock Option Plan
|
| |
|
|
10.2
|
2009
Restricted Stock Plan
|
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.
|
|
SPICY
PICKLE FRANCHISING, INC.
|
|
January
6, 2010
|
By: /s/ Arnold
Tinter
Arnold Tinter
Chief Financial
Officer
|
EXHIBIT
INDEX
|
Regulation
S-K
Number
|
Document
|
| |
|
|
10.1
|
2009
Stock Option Plan
|
| |
|
|
10.2
|
2009
Restricted Stock Plan
|
2