alti_8k-091808.htm
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 (date of earliest event reported): September 18,
2008
Altair Nanotechnologies
Inc.
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(Exact
Name of Registrant as Specified in its
Charter)
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Canada
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1-12497
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33-1084375
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(State
or other jurisdiction of
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(Commission
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(IRS
Employer
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incorporation
or organization)
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File
Number)
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Identification
No.)
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204
Edison Way
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Reno, NV
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89502
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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:
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(775)
856-2500
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N/A
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(Former
name, former address, and formal fiscal year, if changed since last
report)
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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):
[
] 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 Act (17 CFR
240.14d-2(b))
[
] Pre-commencement communications pursuant
to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
1.03 Termination of a Material Definitive Agreement.
On
September 18, 2008, Melpar BVBA, a company owned by Rik Dobbelaere
that conducted business development activities for Altair Nanotechnologies Inc.
(the “Company”) in Europe, terminated the Service Agreement executed on February
11, 2008 (the “Services Agreement”) by the Company and Melpar. Mr.
Dobbelaere caused Melpar to terminate the Service Agreement in order to pursue
an employment relationship with a different company.
In
connection with the termination of the Services Agreement, on September 18,
2008, the Company and Rik Dobbelaere entered into a Consulting Agreement (the
Consulting Agreement”). Pursuant to the Consulting Agreement, the Company has
agreed to pay Mr. Dobbelaere a retainer of 1,500 Euros per month during the term
of the Consulting Agreement and to pay a fee of 1,500 Euros per day for each
day, after the first day per month, Mr. Dobbelaere provides services for the
Company in any given month. In addition, the Company has agreed to
pay Mr. Dobbelaere a bonus in January 2009 equal to 60% of the fees paid to
Melpar between February 11, 2008 and September 18, 2008 (which 60% calculates to
approximately $155,105), contingent upon the Company meeting its bonus targets
under its 2008 incentive bonus plan. Other than such contingent
bonus, the Company is not obligated to pay any termination fee or severance
amounts to Mr. Dobbelaere. The term of the Consulting Agreement
is intended to be one-year, subject to extension upon mutual
agreement.
SIGNATURES
Pursuant to the requirements of the
Securities Exchange 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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Altair
Nanotechnologies Inc.
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Dated: September 24, 2008
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By /s/ John
Fallini
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John
Fallini, Chief Financial Officer
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