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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): June 15, 2011
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CirTran Corporation
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(Exact Name of Registrant as Specified in Its Charter)
Nevada
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(State of Other Jurisdiction of Incorporation)
000-49654 68-0121636
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(Commission File Number) (IRS Employer Identification No.)
4125 South 6000 West, West Valley City, Utah 84128
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(Address of Principal Executive Offices) (Zip Code)
801-963-5112
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(Registrant's Telephone Number, Including Area Code)
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(Former Name or Former Address, if Changed Since Last Report)
Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers
New Director Appointed
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On June 15, 2011, the members of the Board of Directors of CirTran
Corporation (the "Company") appointed Kathryn Hollinger to serve as a member of
the Company's Board of Directors.
Ms. Hollinger has been with CirTran for 11 years as the Company's
controller. She has been involved with the day-to-day accounting and finance
issues throughout her term with the Company. Ms. Hollinger studied mathematics
and accounting at Northridge University (now Cal. State University Northridge).
The Board has reviewed Ms. Hollinger's background and familiarity with the
Company and its operations since 2000 in connection with her qualification to
sit as a member of the Company's board. Based on Ms. Hollinger's prior work with
the Company as the Company's Controller, and her experience and familiarity with
the Company's internal operations and finances, the Board has concluded that Ms.
Hollinger is qualified to serve as a member of the Board.
Ms. Hollinger has not previously served as a director of a public company.
She is not related to any previous or current executive officer or director of
the Company.
Compensation
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The Company and Ms. Hollinger have agreed on the following compensation
package for Ms. Hollinger's service as a director of the Company:
- Cash payment of $5,000 per year and paid quarterly; and
- Stock options to purchase up to 2,000,000 shares of the Company's
common stock, subject to adjustment, with terms and an exercise
price of the fair market value of the Company's common stock on the
date of grant, as determined in accordance with the Company's Stock
Option Plan by the Board or the Committee established pursuant to
the Company's Stock Option Plan.
As of the date of this Report, the Company and Ms. Hollinger had not
entered into a written compensation agreement.
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.
CirTran Corporation
Date: June 22, 2011 By: /s/ Iehab J. Hawatmeh
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Iehab J. Hawatmeh, President
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