UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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, 2004
ENVIRO VORAXIAL TECHNOLOGY, INC.
(Exact name of registrant as specified in its charter)
Idaho 000-27445 82-0266517
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
821 NW 57th Place, Fort Lauderdale, Florida 33309
(Address of Principal Executive Office) (Zip Code)
(954) 958-9968
(Registrant's telephone number, including area code)
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:
|_| 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 5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers
In an effort to reduce the Company's general and administrative expenses,
as of December 31, 2004 the Company and Frank J. DeMicco mutually agreed to
terminate his employment agreement with the Company. Mr. DeMicco will remain
with the Company as a consultant to continue the sales and marketing of the
Voraxial Grit Separator into the municipal wastewater industry. The Company is
receiving request for proposals and inquiries for projects by municipal
wastewater facilities and Mr. DeMicco's expertise will be utilized to respond to
these opportunities. The Company believes that the change in operations will
reduce general and administrative expenses by approximately $125,000 per year.
Mr. DeMicco had served as the Company's principal operating officer since
January 1, 2003.
Mr. DeMicco will continue to receive his normal salary compensation
through the termination date of December 31, 2004. In addition, Mr. DeMicco has
vested stock options for 150,000 shares of the Company's common stock which were
earned pursuant to his employment contract.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Company has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.
ENVIRO VORAXIAL TECHNOLOGY, INC.
Date: December 28, 2004 /s/ Alberto DiBella
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Alberto DiBella
Chief Executive Officer