UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDMENT No. 1 to
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) September 23, 2008
Global Resource Corporation
(Exact name of registrant as specified in its charter)
NEVADA 000-50944 84-1565820
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(State or other jurisdiction (Commission File Number) IRS Employer
of incorporation) Identification No.)
408 BLOOMFIELD DRIVE, UNIT #3, WEST BERLIN, NEW JERSEY 08091
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (856) 767-5661
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(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))
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Item 1.01 Entry into a Material Definitive Agreement.
The Form 8-K is amended to correct the vesting dates of the options to
purchase shares of common stock of Global Resource Corporation (the "COMPANY")
as provided in the employment letters for Wayne Koehl, Jeffrey Kimberly and
Jeffrey Andrews.
The option to purchase one million (1,000,000) shares of common stock
of the Company ("COMMON STOCK") granted to Mr. Koehl, which is subject to
shareholder approval, will vest as follows: options for two hundred thousand
(200,000) shares of Common Stock shall vest immediately upon shareholder
approval and options for two hundred thousand (200,000) shares of Common Stock
shall vest on each of September 23, 2009, September 23, 2010, September 23, 2011
and September 23, 2012, provided that Mr. Koehl is still employed on the
relevant vesting date. The options will be exercisable from and after their
respective vesting date, and for a period of ten (10) years thereafter.
The option to purchase one million five hundred thousand (1,500,000)
shares of Common Stock granted to Mr. Kimberly, which is subject to shareholder
approval, will vest as follows: options for three hundred thousand (300,000)
shares of Common Stock shall vest immediately upon shareholder approval and
options for three hundred thousand (300,000) shares of Common Stock shall vest
on each of September 23, 2009, September 23, 2010, September 23, 2011 and
September 23, 2012, provided that Mr. Kimberly is still employed on the relevant
vesting date. The options will be exercisable from and after their respective
vesting date, and for a period of ten (10) years thereafter.
The option to purchase one million (1,000,000) shares of Common Stock
granted to Mr. Andrews, which is subject to shareholder approval, will vest as
follows: options for two hundred thousand (200,000) shares of Common Stock shall
vest immediately upon shareholder approval and options for two hundred thousand
(200,000) shares of Common Stock shall vest on each of September 23, 2009,
September 23, 2010, September 23, 2011 and September 23, 2012, provided that Mr.
Andrews is still employed on the relevant vesting date. The options will be
exercisable from and after their respective vesting date, and for a period of
ten (10) years thereafter.
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Signature
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.
Global Resource Corporation
Date November 12, 2008 /s/ Eric Swain
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Eric Swain
Chief Executive Officer