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): June 28, 2007
PATRON SYSTEMS, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 000-25675 74-3055158
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
5775 FLATIRON PARKWAY, SUITE 230
BOULDER, COLORADO 80301
(Address of Principal Executive Offices/Zip Code)
(303) 541-1005
(Registrant's telephone number, including area code)
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 ct (17 CFR 240.14d-2(b))
[_] Pre-commencement communications pursuant to Rule 13e-4(c)) under the
Exchange Act (17 CFR 240.13e-4c))
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF
DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY
ARRANGEMENTS OF CERTAIN OFFICERS.
On June 28, 2007, the Registrant and Braden Waverley, the Registrant's
Chief Executive Officer, entered into an amendment of that certain Employment
Agreement dated February 17, 2006 and amended January 24, 2007 and June 13,
2007, between the Registrant and Mr. Waverley, to provide for a reduced base
salary of $455 per week during the remaining term of the Employment Agreement,
commencing with the payroll period from June 15, 2007 through June 30, 2007.
On June 28, 2007, the Registrant and Martin T. Johnson, the
Registrant's Chief Financial Officer, entered into an amendment of that certain
Employment Agreement dated February 17, 2006 and amended January 24, 2007 and
June 13, 2007, between the Registrant and Mr. Johnson, to provide for a reduced
base salary of $455 per week during the remaining term of the Employment
Agreement, commencing with the payroll period from June 15, 2007 through June
30, 2007.
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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.
PATRON SYSTEMS, INC.
Date: July 3, 2007 By: /s/ Braden Waverley
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Braden Waverley
Chief Executive Officer
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