Form 8-K for an Event Dated March 31, 2005 re: Goldstein Amended Employment Agreement
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: March 22, 2005
(Date of
earliest event reported)
DCAP
GROUP, INC.
(Exact
Name of Registrant as Specified in Charter)
Delaware |
0-1665 |
36-2476480 |
(State
or Other Jurisdiction
of
Incorporation) |
(Commission
File No.) |
(IRS
Employer Identification
Number) |
1158
Broadway, Hewlett, NY |
11557 |
(Address
of Principal Executive Offices) |
(Zip
Code) |
Registrant's
telephone number, including area code: (516)
374-7600
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 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
1.01. Entry
into a Material Definitive Agreement.
On March
22, 2005, DCAP Group, Inc. (the “Company”) and Barry Goldstein, its Chief
Executive Officer, entered into an amendment to Mr. Goldstein’s employment
agreement, pursuant to which, among other things, the term of the agreement has
been extended to April 1, 2007 and Mr. Goldstein shall be entitled, under
certain circumstances, to a payment equal to one and one-half times his then
annual salary in the event of the termination of his employment following a
change of control of the Company.
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
|
DCAP
GROUP, INC. |
March
23, 2005 |
By:
/s/ Barry B. Goldstein
Barry B. Goldstein
President |