Pacel Corp. - Form 8-K
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15 (d) of The Securities Exchange Act of 1934
Date
of
Report: December 21, 2006
Date
of
earliest event reported: December 21, 2006
PACEL
CORP.
|
(Exact
name of registrant as specified in its
charter)
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Nevada
|
|
000-29459
|
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54-1712558
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(State
or other jurisdiction of incorporation)
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|
(Commission
file number)
|
|
(IRS
Employer
Identification
No.)
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7621
Little Ave. Suite 101, Charlotte, North Carolina
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|
28226
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(Address
of principal executive offices)
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|
(Zip
Code)
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Registrant's
telephone number, including area code: (704) 643-0676
N/A
|
(Former
name or former address, if changes 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 (see General Instructions 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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Section
5- Corporate
Governance and Management
Item
5.02 Departure
of Directors or Principal Officers; Election of Directors; Appointment of
Principal Officer.
Effective
December 21, 2006, the following persons were elected to the Board of Directors
at a special meeting of shareholders held December 21, 2006:
Gary
Musselman.
Mr.
Musselman is the President and Chief Executive Officer of the registrant and
was
re-elected as a director.
Julie
Snipes. Ms.
Snipes is a Senior Administrator with Scenic Marketing Group, LLC and has been
with Scenic Marketing since its inception. Ms. Snipes has many years of
experience working with various companies specifically in providing assistance
with due diligence for mergers and acquisitions. Prior to joining Scenic
Marketing, Ms. Snipes spent several years in the outdoor advertising industry
negotiating leases for billboard space and truck-side advertising. In this
capacity, she helped cultivate the “Rigs for Kids” campaign which promoted a
nationwide search for missing children. Ms. Snipes spent over 10 years with
a
leading western North Carolina law firm as well as with the District Attorney’s
office. Ms. Snipes is a resident of North Carolina.
Dorene
Taylor.
Ms.
Taylor has been the President of Digital Fusion Group, LLC, a company
specializing in creating communication and marketing tools for various companies
using traditional and new media methods, since 2000. Digital Fusion Group’s
clients include the National Education Association, Federal Emergency Management
Agency, Department of Defense, World Bank, Department of Education, Federal
Deposit Insurance Corporation, District of Columbia, OmniTrust Security Systems,
and Foster Care Alumni of America. Prior to starting her own company Ms. Taylor
worked for several large companies including Michael Baker Corp, Carey Winston
Commercial Real Estate Company, and Auras Design. Ms. Taylor has developed
courses for, and instructed at, The George Washington University in Marketing
Communications. Ms. Taylor is a resident of Ohio.
F.
Kay
Calkins was not re-elected to the Board of Directors and accordingly, is no
longer a director of the registrant as of December 21, 2006. As a result of
the
removal of F. Kay Calkins as a director, her compensation as Chairman of the
Board of Directors as contained in an agreement dated as of July 1, 2005 has
been terminated, effective December 21, 2006.
The
shareholders also approved the termination of David Calkins’ compensation
arrangement contained in a Termination Agreement dated as of July 1, 2005.
The
shareholders found that the Termination Agreement provided for excessive and
unreasonable compensation and was an “at will” agreement terminable by the
registrant at any time. David Calkins is the husband of F. Kay
Calkins.
Effective
December 21, 2006, Marcia Sartori resigned her position as Chief Operating
Officer. She will continue as Vice-President of The Resourcing Solutions Group,
Inc., the registrant’s wholly-owned subsidiary.
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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Pacel
Corp
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Dated:
December 21, 2006
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By:
/s/ Gary Musselman
President/Chief
Executive Officer
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