Unassociated Document
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): March 20, 2006
GAMMACAN
INTERNATIONAL, INC.
(Exact
name of registrant as specified in its charter)
Delaware
(State
or
other jurisdiction of incorporation)
0-32835
(Commission
File Number)
33-0956433
(IRS
Employer Identification No.)
11
Ben Gurion St., 54100 Givat Shmuel, Israel
(Address
of principal executive offices and Zip Code)
Registrant's
telephone number, including area code: 972
3 5774475
(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:
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
March
14, 2006, each of Gammacan International, Inc. and our subsidiary, Gammacan,
Ltd., appointed Mr. Josef Neuhaus as a member of the Company’s Board of
Directors. Mr. Neuhaus has been an independent since 2004. During 2003 , Mr.
Neuhaus was the Chief Executive Officer of RoadEye FLR G.P. and Managing
Director of Gintec Active Safety Ltd. both private dealing with collision
avoidance systems. From June 2001 through 2002 Mr. Neuhaus took a sabbatical
for
his Executive MBA studies. From April 2000 through May 2001, Mr. Neuhaus was
the
Chief Financial Officer of PassCall Advanced Technologies Ltd. a startup dealing
with wireless Internet. From January 1999 through March 2000, Mr. Neuhaus was
the Chief Financial Officer and Managing Director of ITA (International Tourist
Attractions) Ltd. a private company that initiates and builds tourist
attractions. From 1995 through 1998, Mr. Neuhaus served as the Chief Financial
Officer of ICTS International NV (Nasdaq "ICTS"). Prior to 1995, Mr. Neuhaus
worked as a senior auditor at the Somekh Chaikin (KPMG in Israel). Mr. Neuhaus
received both his M.B.A (Executive program, Leon Recanati Graduate School of
Business Administration), and B.A., Accounting and Economics at the Tel Aviv
University and is an Israeli CPA.
In
connection with his appoint as a member of such company’s Board of Directors,
Mr. Neuhaus received options to purchase an aggregate of 50,000 shares of the
Company’s common stock. The exercise price is $1.37 per share and shall be
vested with respect to 25% of the shares after the first anniversary of his
appointment and thereupon in equal instalments for 36 months.
Item
9.01 Financial Statements and Exhibits.
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10.1
|
Indemnity
Agreement between Gammacan International, Inc. and Josef Neuhaus,
dated as
of March 15, 2006.
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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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GAMMACAN
INTERNATIONAL, INC. |
|
|
|
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By: |
/s/ VERED
CAPLAN |
| |
Vered
Caplan, |
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Chief
Executive Officer |
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|
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Date: March 20,
2006 |