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): June 8, 2006
CLEAR
CHOICE FINANCIAL, INC.
(Exact
Name of Registrant as Specified in its Charter)
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Nevada
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333-120428
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33-1080880
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(State
or Other
Jurisdiction
of Incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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3231
S. Country Club Way, Suite 102, Tempe, Arizona 85282
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(Address of principal executive offices) (Zip
Code)
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Registrant's
Telephone Number, Including Area Code: (480) 820-9766
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):
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))
CLEAR
CHOICE FINANCIAL, INC.
FORM
8-K
CURRENT
REPORT
Item
1.01. Entry into a Material Definitive
Agreement
In
connection with his resignation as the Chief Executive Officer of Clear Choice
Financial, Inc. (the “Company”), effective June 8, 2006 the Board of Directors
revised the annual salary of Stephen G. Luke, the Company’s President, to
$165,000 per annum.
Item
5.02. Departure of Directors or Principal Officers; Election
of Directors; Appointment of Principal Officers.
Effective
June 8, 2006, Mr. Luke resigned as the Company’s Chief Executive Officer and as
a director of the Company, but will remain the Company's President. The Board
of
Directors appointed Ernest Alldredge, a member of the Company’s Board of
Directors, as the Company’s Chairman of the Board.
Effective
June 8, 2006, Darren Dierich resigned as a member of the Company’s Board of
Directors.
Item
7.01 Regulation FD Disclosure.
On
June
9, 2006, the Company issued a press release regarding the findings of an
investigation of a Special Committee of the Board of Directors. The press
release is incorporated by reference in this Item 7.01 of this Form 8-K and
is
attached as Exhibit 99.1.
Item
9.01. Financial Statements and Exhibits.
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(a)
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Financial
Statements of Business
Acquired.
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Not applicable. |
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(b)
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Pro Forma Financial Information. |
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Not
applicable. |
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(c)
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Exhibits. |
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99.1
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Press release, dated June 9, 2006, entitled
“Clear Choice Financial, Inc. Announces Findings of a Special Committee
Investigation” |
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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| Date:
June 9, 2006 |
CLEAR
CHOICE FINANCIAL, INC. |
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By: |
/s/
Darren Dierich |
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Darren
Dierich |
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Chief
Financial Officer |