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): November 30, 2010
AMERICA’S SUPPLIERS,
INC.
(Exact name of Registrant as specified
in its charter)
Delaware
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000-27012
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27-1445090
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(State or other jurisdiction
of
incorporation or
organization)
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(Commission File
Number)
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(I.R.S.
Employer
Identification
No.)
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7575 E. Redfield Rd.
Suite 201
Scottsdale, AZ 85260
(Address of principal executive offices)
(Zip code)
480-922-8155
(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 (see General Instruction
A.2. below):
¨
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Written communications pursuant to
Rule 425 under the Securities Act (17 CFR
230.425)
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¨
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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¨
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Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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¨
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Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
5.02 Departure
of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
On November 30, 2010, America’s
Suppliers, Inc. (the “Company”) entered into an employment agreement, with
Michael Moore (the “Moore Agreement”) pursuant to which Mr. Moore will continue
to serve as Chief Financial Officer and Secretary of DollarDays International,
Inc., a wholly-owned subsidiary of the Company (“DollarDays”) and Chief
Financial Officer and Secretary of Wow My Universe, Inc., a wholly-owned
subsidiary of the Company (“Wow”). The Moore Agreement has a two year
term and provides for a base salary of $10,000 per month. In
addition, the Moore Agreement provides for a bonus of $5,000 cash compensation
in the event DollarDays achieves 100% of certain performance milestones
established by the Board. In the event the Moore Agreement is
terminated by the Company or Mr. Moore for any reason or no reason (other than
for Cause, as defined in the Moore Agreement), Mr. Moore shall receive all
compensation due as of the termination date and severance equal to nine (9)
months’ base salary. A copy of the Moore Agreement is attached hereto
as Exhibit 10.1.
Item
9.01. Financial Statements and Exhibits.
10.1
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Employment
Agreement, dated November 30, 2010, by and between America’s Suppliers,
Inc. and Michael Moore.
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SIGNATURE
Pursuant to the requirements of Section
12 of the Securities Exchange Act of 1934, the Registrant has duly caused this
Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized.
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AMERICA’S
SUPPLIERS, INC.
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Dated: November
30, 2010
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By:
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/s/ Marc Joseph
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Name: Marc
Joseph
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Title:
President
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